AbbVie has held high hopes for newcomers Skyrizi and Rinvoq as post-Allergan merger business drivers with the ongoing decline of Humira. But with prescription figures and market access tracking way ahead of expectations, did AbbVie know those two meds would be doing this well this fast?
Psoriasis med Skyrizi and rheumatoid arthritis therapy Rinvoq could hit $ 11 billion in peak sales with scripts on the way up and market access growing, according to UBS analyst Navin Jacob. That peak would beat out even AbbVie’s projection of $ 10 billion and potentially offer an opportunity for investors now with share prices hanging around $ 85.
After just two years on the market, psoriasis med Skyrizi could reach more than $ 1 billion in global sales in 2021, Jacob said, driven by booming scripts and lucrative indications in its pipeline.
Striving for Zero in Quality & Manufacturing
Pharmaceutical and medical device manufacturers strive towards a culture of zero – zero hazards, zero defects, and zero waste. This on-demand webinar discusses the role that content management plays in pharmaceutical manufacturing to help companies reach the goal of zero in Quality and Manufacturing.
So far, Skyrizi has outperformed both Novartis’ Cosentyx and Johnson & Johnson’s Tremfya in terms of launch numbers, Jacob said, and it’s suited to capitalize on a 90% probability of success in its pipeline indications, including psoriatic arthritis where Tremfya––another IL-23 inhibitor––recently scored a trial win.
Combined with the highly successful launch of Rinvoq, AbbVie could see sales of both drugs top $ 1 billion next year––significantly higher than consensus estimates of around $ 800 million.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.