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US drugs market grows by 5% in 2022

Drug Discovery World

The US market for medicines grew by 5% in 2022, reaching a total value of $429Bn on a net price basis. This was driven by a range of factors, including an increase in health services utilisation, which is now back to pre-pandemic levels, and the entry of new medicines into the market.

Marketing 130
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Lilly, Novo Nordisk and Vertex lead on market capitalisation growth

Drug Discovery World

market capitalisation growth to $3.67 The top 20 global biopharmaceutical companies experienced varied year-on-year (YoY) market capitalisation shifts in 2023 amid the macroeconomic headwinds, steep patent cliffs and the commencement of US drug price negotiations under the Inflation Reduction Act (IRA).

Marketing 130
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Biologics for bowel disease face threat from cheaper small molecules

Drug Discovery World

The increase in IBD biologic treatments has been a major driving force in the growth of this market in recent years. Since then, the IBD market has seen the entry of seven biologics. AbbVie has chosen to develop both a biologic and a small molecule, Skyrizi and Rinvoq respectively, and is expected to be the market leader.

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The CHMP recommends 14 new medicines for approval

Drug Discovery World

The EU’s Committee for Medicinal Products for Human Use (CHMP) recommended granting a marketing authorisation for 14 new medicines in its July meeting. Tyruko (natalizumab) received a positive opinion as therapy for active relapsing remitting multiple sclerosis.

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COMMERCIALIZATION AND LICENSE AGREEMENT FOR PROPOSED BIOSIMILAR CURRENTLY IN PHASE 3 WITH THE POTENTIAL TO TREAT MODERATE TO SEVERE RHEUMATOID ARTHRITIS

The Pharma Data

Biogen enters into a commercialization and license agreement to develop, manufacture and commercialize BAT1806, a proposed biosimilar referencing ACTEMRA ® (tocilizumab). Biosimilars have the potential to enable greater access to marketed biologic therapies while generating cost savings and healthcare sustainability.

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The Evolution of Medical Benefit Contracting: How Pharma Can Prepare

Drug Channels

Saket discusses market access and contracting strategies for medical benefit products when pharmacy benefit biosimilar therapies launch. Today’s guest post comes from Saket Patel, Consultant, Advisory Services at MMIT. He then describes how to automate formulary and medical policies to protect manufacturers from overpayment.

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Sandoz receives approval by European Commission for Hyrimoz® (adalimumab) high-concentration formulation

The Pharma Data

Biosimilars help patients to gain broader access to effective and high-quality treatments that improve their disease therapies,” said Rebecca Guntern, Head of Region Europe, Sandoz. It has a leading global portfolio with eight marketed biosimilars and a further 15+ in various stages of development.