AbbVie and Amgen resolve IP litigation over Humira biosimilar
US pharma major AbbVie (NYSE: ABBV) today announced a global resolution of all intellectual property-related litigation with biotech major Amgen (Nasdaq: AMGN) over the latter’s proposed biosimilar to AbbVie's mega-blockbuster rheumatoid arthritis and inflammatory diseases drug Humira (adalimumab).
Amgen’s Amjevita (adalimumab-atto) was cleared for marketing by the Food and Drug Administration in September 2016, but was unable to launch in the US market as AbbVie had already sued for patent infringement to protect its top-selling drug, which generated annual sales of as much as $16 billion this year.
AbbVie’s shares were up 2.1% at $84.75 in pre-market trading today, while Amgen was unchanged.
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