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Tuesday, 4 August 2026
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$300M blockbuster falls off patent cliff
Posted 4 August 2026 AM
Almost $350 million in combined reimbursements have been hit with statutory price reductions, including a blockbuster which took a $75 million hit to earnings after Australia joined the rest of the world in diving off a patent cliff.
BMS' anticoagulant Eliquis earned $304.4 million in pre-rebate R/PBS reimbursements for the financial year ending in June 2026, but on the first of August faced a flood of generic competition, triggering a 25 per cent automatic reduction in price.
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