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FDA approves Humira maker AbbVie's new rheumatoid arthritis drug

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FDA approves Humira maker AbbVie's new rheumatoid arthritis drug

The drug, Rinvoq, belongs to a class of drugs known as JAK inhibitors that block inflammation-causing enzymes called Janus kinases. It is set to compete with Pfizer's Xeljanz and Eli Lilly's Olumiant. AbbVie has been aggressively fending off competition for Humira by signing deals with rival companies to prevent their cheap versions of the drug from entering the United States, its biggest market, until 2023. A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange. Brendan McDermid | Reuters The U.S. Food and Drug Administration on Friday approved AbbVie 's new treatment for rheumatoid arthritis, a win for the drugmaker seeking to widen its portfolio as its blockbuster flagship therapy Humira faces competition.

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The drug, Rinvoq, also called upadacitinib, belongs to a class of drugs known as JAK inhibitors that block inflammation-causing enzymes called Janus kinases.

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It is set to compete with Pfizer 's Xeljanz and Eli Lilly 's Olumiant.

Prince Julio Cesar se defiende y dice a los medios que no es ningún proxeneta

Rinvoq's label has a warning that flags risks of serious infections and lymphoma. In a notice, the FDA also said that patients taking JAK inhibitors in general risked developing blood clots

AbbVie has been aggressively fending off competition for Humira by signing deals with rival companies to prevent their cheap versions of the drug from entering the United States, its biggest market, until 2023

Humira, which treats rheumatoid arthritis and psoriasis, is the world's best-selling medicine, and brought in global revenue of $4.87 billion in the second quarter, but sales have been falling as it faces competition from cheaper rivals in Europe

To further diversify its pipeline, AbbVie in June announced a deal to buy Botox-maker Allergan for $63 billion

It has also launched a new psoriasis medicine, Skyrizi, to help retain some market share

Shares of the company rose 2.2% to $64.36 in early afternoon trade