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AbbVie's Humira could face pressure from biosimilars, analyst says

Published 06/22/2018, 03:21 PM
Updated 06/22/2018, 03:21 PM
© Reuters.  AbbVie's Humira could face pressure from biosimilars, analyst says
  • AbbVie (ABBV -1.6%) tumbles to a two-month low after Credit Suisse (SIX:CSGN) said the company's blockbuster arthritis treatment Humira could face increasing sales pressure from rival copycat drugs later this year.
  • Analyst Vamil Divan says patents protect Humira sales in the U.S. until 2023, but he expects to see biosimilar competition in Europe later this year.
  • "With our estimates suggesting the biologic blockbuster Humira accounts for 60% of AbbVie's total (net present value), we remain cautious on AbbVie's outlook in front of Humira biosimilar competition," Divan writes.
  • Now read: 1 High-Yield Blue Chip Set To Soar And 1 You Should Ignore


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