Even though Humira’s US and Japan patents have expired in 2017, and most of its EU patents soon to expire in 2018, AbbVie has a wide assortment of intellectual property and patents that will protect its blockbuster from competitive market entry for the next few years.
AbbVie’s chief executive officer (CEO) Richard Gonzalez mentioned to analysts in the Q3 earnings conference that the compabny plans to protect its blockbuster from biosimilar competitors. The firm has more than 70 patents covering the manufacturing, formulation, and dosage of Humira up until 2022. In addition, Humira has also held Orphan Drug designation for three different indications, which will extend its US market exclusivity until 2021.
Go deeper with GlobalData
In addition, brokers predict sales of Humira will remain above $16 billion until 2021 and will not be affected by biosimilar competitors at least until 2021. However, with AbbVie facing many legal shots at the blockbuster from its competitors, it has recently lost its bi-weekly 40mg injection technique patent to Coherus BioSciences.
Figure 1: AbbVie’s Humira sales forecasted to rise for three years despite its patents expiring since 2016.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
