The Biologics Price Competition and Innovation (BPCI) Act, a law passed in the US in 2009, was created to add incentives to and strengthen the biologics market by forming an abbreviated approval pathway for biosimilars, thereby lowering drug prices and allowing for improved therapeutic access to patients. The loss of exclusivity of AbbVie’s Humira (adalimumab) has become a perfect scenario to test if the act can achieve the law’s intention.
Humira has long been a very profitable asset for AbbVie, with steadily rising annual US sales since its launch in 2002, peaking at $18.6 billion in 2022 (globally $21.2 billion). But with Humira’s loss of exclusivity and the January 2023 launch of Amgen’s Amjevita, the first US adalimumab biosimilar, the impact was immediately apparent, with AbbVie reporting a Q1 2023 decline of 26.1% in revenue compared to the same period of the preceding year. Â

