Otezla Is Amgen’s Main Growth Driver As Net Drug Pricing Declines

Without the newly purchased drug, Amgen’s 2020 sales would be flat, but the company hopes to enhance its psoriasis market push with its combined offering of Otezla, Enbrel and biosimilars.

Financial Report
Otezla will boost Amgen's 2020 sales as net price declines hit other drugs • Source: Shutterstock

Amgen Inc.’s near-term growth will come almost entirely from its newly acquired Otezla (apremilast), considering the company’s revenue guidance for 2020 is $25bn-$25.6bn versus its 2019 revenue of $23.4bn; the difference is equal to the likely sales total this year for Otezla.

However, executives noted during Amgen’s fourth quarter and full year 2019 sales and earnings call on 30 January that some...

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 Earnings

More from Business

  • How A New Healthcare Dialogue Is Driving Market Access In Mexico

    Companies stand a better chance of securing public reimbursement in Mexico for innovative medicines if they understand changing approaches to healthcare. The shift means the emergence of managed entry agreements and a focus on economic impact, explains AMIIF, Mexico's research-based pharmaceutical industry association.

  • How Novartis Is Elevating CVD Outcomes, Driving ‘Personalized Access’ In APMA

    Novartis’s APMA chief outlines the company’s tailored approach to deliver long-term outcomes, novel access solutions via innovative financing options and shape the CVD disease ecosystem in the extraordinarily diverse region. Partnering to build AI infrastructure is another key prong.

  • India Rare Diseases: Court Shows Path For Policy Action, Funding, Price Issues-- Test-2

    A court order encompassing funding, drug pricing, clinical trials and overall policy implementation aspects is expected to bring about a paradigm shift in the treatment of rare diseases in India. Sarepta, Roche and Sanofi are among the key players that have been part of pricing discussions.