Amgen’s Biggest Seller Enbrel Hit By Pricing Pressures, Competition

Amgen signaled future declines in revenue for its top-selling product Enbrel during its third quarter conference call as payer pressure on drug pricing and competition mounts.

trading

With Enbrel (etanercept) getting hit on two fronts as payers demand greater discounts and competition cuts into dermatology sales, Amgen Inc. laid the groundwork during its third quarter earnings report for declining revenue from its top-selling product in 2017.

The company had a 2% increase in third quarter revenue to $5.8bn versus the same period in 2015 and saw...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from Business

More from Scrip