Teva Pharmaceutical Industries Ltd ADR

TEVA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$45.00	Ggyq	Xqlcdbdp

Teva: Simlandi to See Share Gains in a Growing Humira Biosimilar Market Thanks to Formulary Update

Keonhee Kim

Aug 27, 2024

Cigna’s Express Scripts announced this week that it is dropping branded Humira from its 2025 commercial formularies and replacing it with biosimilar options from Boehringer Ingelheim, Sandoz, and Teva. This follows a similar move by CVS Caremark, which removed branded Humira from its major formularies in April. From a biosimilar manufacturers standpoint, we think this is a favorable move from the second-largest specialty pharmacy in the country; according to Drug Channels, Cigna’s specialty pharmacy makes up about one quarter of US specialty prescription revenue.

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