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Thursday, Mar 28, 2024

FDA to Review Amgen’s Biosimilar of Humira

The Food and Drug Administration has accepted for review an application from Amgen Inc. for a biosimilar drug to compete with AbbieVie Inc.’s Humira. Amgen in Thousand Oaks calls its drug ABP 501. Humira, technically known as adalimumab, is used to treat chronic inflammatory conditions such as rheumatoid arthritis and Crohn’s disease. Biosimilars copy established bioengineered medications, but because they are made in living cells, they cannot be exact replicas of the original. Yet, to be approved by the FDA, they must be “highly similar” to the drug they are aiming to replace, meaning there must be no meaningful differences in safety and effectiveness. “If approved, we believe ABP 501 could serve as an important additional approved therapeutic option for patients with chronic inflammatory conditions,” said Dr. Sean E. Harper, executive vice president at Amgen. “We look forward to potentially expanding our robust portfolio of approved products, and further demonstrating our continued commitment to delivering high-quality medicines to patients worldwide.” The FDA has set a target date of Sept. 25 to decide on ABP 501. Amgen shares closed up 35 cents or a fraction of a percent to $153.78 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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