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Tag: AbbVie

  • AbbVie reaches deal with Trump administration on drug prices in exchange for tariff relief

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    North Chicago-based AbbVie has become the latest drugmaker to reach a deal with the Trump administration on drug prices in exchange for being exempted from tariffs and future price mandates, the company announced Monday evening.

    Under the voluntary agreement, AbbVie will offer “low prices” in Medicaid, a state and federally funded health insurance program for people with low incomes and disabilities, the company said in a news release. AbbVie will also invest $100 billion in U.S.-based research, development and building, including for manufacturing, over the next decade, according to the release.

    It will also sell more medications directly to consumers through TrumpRx. TrumpRx is to be an online platform that will allow people to buy medications directly from manufacturers, according to the Associated Press.

    The deal “was enabled by the Trump administration providing exemption from tariffs and future price mandates,” AbbVie said in its news release.

    “AbbVie is following President Trump’s call to action by reaching this agreement, allowing us to collectively move beyond policies that harm American innovation,” said Robert A. Michael, chairman and CEO at AbbVie in the news release.

    AbbVie plans to offer medications including Humira, Alphagan, Synthroid and Combigan on TrumpRx.

    In recent months, the Trump administration has announced more than a dozen similar deals with drugmakers, including Amgen, Bristol Myers Squibb, Boehringer Ingelheim, Genentech, Gilead Sciences, GSK, Merck, Novartis and Sanofi.

    The agreements follow an executive order issued by Trump in May that sought to bring most-favored-nation pricing on medications to Americans. Most-favored-nation pricing refers to lower prices charged for the same medications in other economically-comparable countries. Throughout last year, Trump threatened to impose large tariffs on pharmaceutical companies.

    Earlier on Monday, AbbVie announced plans to expand its U.S. manufacturing by acquiring a facility in Arizona. The company also announced last year that it would construct a new $195 million facility near its headquarters in North Chicago.

    AbbVie spun off from Abbott Laboratories in 2013 and has about 29,000 employees in the U.S. The company is known for medications including Humira, which is used to treat rheumatoid arthritis, Crohn’s disease, ulcerative colitis and other conditions, as well as the drugs Skyrizi, which treats plaque psoriasis, and Rinvoq for rheumatoid arthritis.

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    Lisa Schencker

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  • CBD Leads to Nonseizure Improvements, AbbVie Launches 24-Hour Levodopa Infusion in EU, CNM-Au8 Improves Visual Function and Cognition – Medical Marijuana Program Connection

    CBD Leads to Nonseizure Improvements, AbbVie Launches 24-Hour Levodopa Infusion in EU, CNM-Au8 Improves Visual Function and Cognition – Medical Marijuana Program Connection

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    WATCH TIME: 4 minutes

    Welcome to this special edition of Neurology News Network. I’m Marco Meglio.

    In a survey study of patients with either Lennox-Gastaut syndrome or Dravet syndrome, findings showed that treatment with add-on cannabidiol (CBD; Epidiolex) led to improvements in nonseizure outcomes, regardless of reduction in seizure frequency. Despite the limitations associated with a retrospective survey-based study design, investigators concluded that further evaluation of CBD on nonseizure outcomes in these patient populations is warranted. On nonseizure domains of alertness, cognition, and executive function, 85% of respondents reported improvements in at least 1 survey question. This continued across several other nonseizure-related domains of emotional functioning (82%), language and communication (79% in nonverbal patients and 74% in verbal), and activities of daily living (51%).

    More than a year after it received approval by the European Commission, AbbVie has announced the European market launch of foslevodopa/foscarbidopa (Produodopa), the first and only 24-hour infusion of levodopa-based therapy for patients with advanced Parkinson disease (PD). Prior to the launch, the therapy had received authorization through the Decentralized Procedure in the third quarter of 2022, followed by a CE mark in November of 2023. Also referred to as ABBV-951, this formulation of levodopa and carbidopa prodrugs are delivered as a 24-h/day continuous subcutaneous infusion (CSCI) via…

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    MMP News Author

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