AbbVie Inc said on Tuesday that the U.S. Food and Drug Administration approved i...
FILE PHOTO: A trader works by the post that trades AbbVie on the floor of the New York Stock Exchange March 5, 2015. REUTERS/Brendan McDermid/File Photo
- AbbVie Inc said on Tuesday that the U.S. Food and Drug Administration approved its Skyrizi drug as a treatment for plaque psoriasis at a time when its blockbuster psoriasis drug, Humira, faces patent pressures.The approval of Skyrizi, an injectable drug, is based on results from AbbVie’s global Phase 3 psoriasis program, which assessed the safety and efficacy of the drug in adults with moderate to severe plaque psoriasis.
Humira is the world’s best-selling prescription medicine and has long buoyed AbbVie’s business, bringing in revenue of $19.94 billion in 2018. But it is set to face biosimilar competition from 2023. Skyrizi, which won regulatory approval in Canada and Japan earlier this year, is part of a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialization of the drug.Our Standards:
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