Johnson & JohnsonChinese regulators approved J&J's oral psoriasis drug Icotide, opening a large market opportunity.
U.S. pharmaceutical giant Johnson & Johnson (J&J) announced on the 27th that Chinese drug regulators have approved its oral psoriasis treatment Icotide. China has more than 8.4 million psoriasis patients, and in this market, J&J's Tremfya, Bristol-Myers Squibb's Sotyktu, and AbbVie's Skyrizi are among the competitors. Analysts point out that Icotide, as a once-daily oral medication, could become a blockbuster and take market share from injectables. Icotide is approved for the treatment of moderate to severe plaque psoriasis, and Chinese companies such as InnoCare Pharma and Takeda are also developing oral treatments.
Johnson & JohnsonChinese regulators approved J&J's oral psoriasis drug Icotide, opening a large market opportunity.
AbbVie IncJ&J's newly approved oral Icotide could take market share from AbbVie's Skyrizi in China's psoriasis market.
Bristol-Myers Squibb CompanyJ&J's Icotide approval adds oral competition to Bristol-Myers Squibb's Sotyktu in China.
InnoCare Pharma Ltd. AInnoCare is noted as also developing oral psoriasis treatments, implying future competition but no concrete impact.