ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Exciting Advances in Ulcerative Colitis Treatments: Skyrizi Gains Early Momentum Following FDA Approval in June

EXTON, PA, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The past twelve months have been transformative for the rapidly evolving ulcerative colitis (UC) market, with a surge in advanced therapies receiving FDA approval. In June, AbbVie’s Skyrizi was approved for treating moderately to severely active UC in adults, making it the second IL-23 inhibitor to gain approval, following Eli Lilly's Omvoh. Earlier this month, Johnson and Johnson’s Tremfya was approved for UC with a dual-acting MOA that inhibits IL-23 while binding to CD64. 
  
In August 2024, two months post-approval, Spherix conducted a survey of 74 gastroenterologists through its Launch Dynamix™ service to gather insights into the adoption and perceptions of Skyrizi in UC. The findings revealed that over 90% of respondents were aware of the recent approval, and a majority had already prescribed Skyrizi to their UC patients. Just two months after approval, Skyrizi has captured more than double the market share in ulcerative colitis compared to Omvoh. Notably, gastroenterologists were already familiar with and experienced in using Skyrizi at the time of its approval, following its 2022 launch for Crohn’s disease. Additionally, AbbVie brings extensive experience in the IBD market with multiple successful product launches, whereas Omvoh represents Eli Lilly's first entry into this competitive therapeutic area.  

Surveyed gastroenterologists expressed positive opinions of Skyrizi's efficacy, particularly in comparison to Stelara (Johnson & Johnson's IL-12/23 inhibitor). The majority of gastroenterologists preferred Skyrizi over Stelara in terms of overall efficacy, aligning with the results of the SEQUENCE trial, which demonstrated Skyrizi's superior efficacy in a direct head-to-head comparison with Stelara. As one physician noted, I think the head-to-head trial showed good data. We are now focused on the more inflammatory pathway in the IL-23 and not the IL-12. Skyrizi can also rescue patients who have failed IL12-23. Those points have been effective for me to push Skyrizi over Stelara." 
  
Despite initial concerns regarding Skyrizi's on-body injector (OBI) from its past launch in Crohn’s disease, most gastroenterologists reported moderate to high satisfaction with the device, with over 40% stating a preference for it over traditional subcutaneous injections. The OBI device could potentially help differentiate Skyrizi from in-class competitors Omvoh and Tremfya.   
  
However, Skyrizi now faces increased competition following the recent approval of Johnson & Johnson's Tremfya. According to Spherix's RealTime Dynamix™ survey of 103 gastroenterologists fielded in July 2024, similar early adoption is expected for Tremfya, with the product and Skyrizi expected to be prescribed at similar rates at the six-month post-launch mark. With three IL-23 inhibitors now available for UC treatment, Spherix will continue to monitor the market closely through its Launch Dynamix™ and RealTime Dynamix™ services to assess which treatment emerges as the preferred choice. 

RealTime Dynamix™ is an independent service providing strategic guidance through quarterly or semiannual reports, which include market trending and a fresh infusion of event-driven and variable content with each wave. The reports provide an unbiased view of the competitive landscape within rapidly evolving specialty markets, fueled by robust HCP primary research and our in-house team of experts. 

Launch Dynamix™ is an independent service providing monthly benchmarking of newly launched products for the first eighteen months of commercial availability, augmented by a quarterly deep dive into promotional activity, barriers to uptake, and patient types gravitating to the launch brand. 

About Spherix Global Insights  
Spherix is a leading independent market intelligence and advisory firm that delivers commercial value to the global life sciences industry, across the brand lifecycle.  

The seasoned team of Spherix experts provides an unbiased and holistic view of the landscape within rapidly evolving specialty markets, including dermatology, gastroenterology, rheumatology, nephrology, neurology, ophthalmology, and hematology. Spherix clients stay ahead of the curve with the perspective of the extensive Spherix Physician Community. 

As a trusted advisor and industry thought leader, Spherix’s unparalleled market insights and advisory services empower clients to make better decisions and unlock opportunities for growth. 

To learn more about Spherix Global Insights, visit spherixglobalinsights.com or connect through LinkedIn.  
For more details on Spherix’s primary market research reports and interactive dashboard offerings, visit or register here: https://clientportal.spherixglobalinsights.com  

NOTICE: All company, brand or product names in this press release are trademarks of their respective holders. The findings and opinions expressed within are based on Spherix Global Insight’s analysis and do not imply a relationship with or endorse.


Jim Hickey, Gastroenterology Franchise Head
Spherix Global Insights
4848794284
james.hickey@spherixglobalinsights.com

Recent Quotes

View More
Symbol Price Change (%)
AMZN  220.69
+0.00 (0.00%)
AAPL  271.49
+0.00 (0.00%)
AMD  205.00
+1.22 (0.60%)
BAC  51.56
+0.00 (0.00%)
GOOG  299.65
+0.00 (0.00%)
META  594.25
+0.00 (0.00%)
MSFT  472.12
+0.00 (0.00%)
NVDA  178.88
+0.00 (0.00%)
ORCL  198.76
+0.00 (0.00%)
TSLA  391.09
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.