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Pharmas reel from $215M PBS cut
Posted 1 August 2025 AM
More than $215 million has been knocked off future PBS earnings, as a deal between Arrotex and South Korea's Celltrion sees two blockbusters face biosimilar competition - one for the first time - while Sandoz takes aim at another blockbuster market.
The two franchises hit with the statutory 25 per cent price reduction from today have a combined PBS earnings of $874.5 million a year, leaving Johnson & Johnson and Amgen significantly lighter in the pocket.
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Posted 1 August 2025 AM
More than $215 million has been knocked off future PBS earnings, as a deal between Arrotex and South Korea's Celltrion sees two blockbusters face biosimilar competition - one for the first time - while Sandoz takes aim at another blockbuster market.
The two franchises hit with the statutory 25 per cent price reduction from today have a combined PBS earnings of $874.5 million a year, leaving Johnson & Johnson and Amgen significantly lighter in the pocket.
To see the whole article, please login
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