Johnson & Johnson's legal settlement with Amgen Inc to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting.
to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting.
Availability of biosimilars should trigger a reduction in the price of older biotech medicines, if not by as much as generics do for traditional pills. But legal agreements under which rival drugmakers delay market entry to escape lengthy patent litigation have held back their launches, keeping prices high.
J&J is forecasting $57 billion in pharmaceutical sales by 2025 after reducing its previous view of $60 billion in April, citing currency dynamics that hurt its pharmaceutical business in 2022.Analysts told Reuters the Stelara deal with Amgen might put the New Brunswick, New Jersey-based company on track to achieve that amended sales projection, despite early skepticism.
He said the drug, which also treats Crohn's disease and other autoimmune conditions, could generate sales closer to $10 billion in 2024, dropping to $7.5 billion to $8.5 billion the following year. That would add around $4.6 billion to average estimates for pharmaceutical sales, as long as no biosimilars enter the market before 2025.it signed with J&J will allow it to sell its Stelara biosimilar no later than Jan. 1, 2025.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Nevada Legislature Advances Bill to Extend Free School Meals Into 2025Nevada Democratic-led Assembly passes a bill to provide free school meals for all students, regardless of income, through 2025.
Baca lebih lajut »
2025 QB KJ Lacey commits to TexasAfter visiting campus last week, Saraland (Ala.) quarterback KJ Lacey committed to Texas. He's the first member of the Longhorns' 2025 recruiting class.
Baca lebih lajut »
Auburn alum, designer Ashley Gilbreath: If you like her style you’ll have to wait until 2025Ashley Gilbreath’s designs have been featured in Southern Living, Veranda, House Beautiful, LUXE, Southern Home, Coastal Living and Atlanta Homes & Lifestyles. She’s designed interiors in homes from Florida to New York, and she’s booked through 2025.
Baca lebih lajut »
Atlantic East Conference announces plans to offer NCAA Division III varsity women’s flag football in 2025In a partnership with the NFL and RCX Sports, the NCAA Division III conference will become the first to offer varsity flag football at five institutions.
Baca lebih lajut »
St. Ignatius tweaks $30M renovation plan in advance of returning to Cleveland Landmarks CommissionFor St. Ignatius High School officials, their planned expansion is not just about having a fancy new building. It is about advancing the school’s education mission in the future.
Baca lebih lajut »
Texas may drop its annual car inspection requirement. What will that look like for D-FW?If Texas passes a law no longer requiring annual vehicle inspections in 2025, vehicles registered in Dallas County will still have to pass an annual emissions...
Baca lebih lajut »