Drug Pricing Investigation: AbbVie - Humira and Imbruvica

Publication

Drug Pricing Investigation: AbbVie - Humira and Imbruvica

Abstract

House Committee on Oversight and Reform produced this report detailing AbbVie Inc.'s actions in repeatedly increasing prices for two prescription drugs, Humira (adalimumab) and Imbruvica (ibrutinib). Humira, a widely used drug for autoimmune diseases, generated $16 billion in U.S. net revenue for AbbVie in 2020, with the current price approximately 470% higher than its 2003 launch. Imbruvica, treating certain cancers, now costs over $181,529 annually, an 82% increase since its 2013 introduction. The report finds price increases resulted in substantial corporate profits and executive enrichment while adversely affecting American patients and taxpayers.