By 2022, the market value of global autoimmune diseases treatment market is estimated to reach $45.54 billion from $36.41 billion in 2016, according to Research and Markets.
Related: Amgen stock increases as its new migraine treatment won FDA approval
Separately, Amgen has partnered with an employee benefits consultant Piper Jordan. With this partnership, Amgen aims at offering disease management resources to both the employee and employer living with migraine. This marks Amgen’s first migraine-specific project with employers.
Amgen continues to make strong progress in its pipeline including biosimilars. Due to strong demand, the company’s new drugs too are performing well. The company got a huge boost when its key migraine candidate, Aimovig, won the US FDA approval. In 2017, Amgen sold drugs worth more than $22.8 billion.
Related: Watch out Amgen! Mylan wins FDA approval for biosimilar of Neulasta
Despite a strong pipeline, Amgen is losing the market share for some of its top-selling drugs. It would be quite challenging for Amgen to replace them. Recently, Mylan (MYL) got the FDA approval for biosimilar of Neulasta. Biosim Fulphila is said to be an inexpensive treatment for cancer patients. This came as a major blow for Amgen, who makes billions on just a handful of drugs, as Neulasta alone generated sales of $3.93 billion last year in the US.