Drug Pricing Investigation: AbbVie - Humira and Imbruvica

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57 pages
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Brief Executive Summary
House Committee on Oversight and Reform produced this report detailing AbbVie Inc.'s actions in repeatedly increasing prices for two prescription drugs, Humira (adalimumab) and Imbruvica (ibrutinib). Humira, a widely used drug for autoimmune diseases, generated $16 billion in U.S. net revenue for AbbVie in 2020, with the current price approximately 470% higher than its 2003 launch. Imbruvica, treating certain cancers, now costs over $181,529 annually, an 82% increase since its 2013 introduction. The report finds price increases resulted in substantial corporate profits and executive enrichment while adversely affecting American patients and taxpayers.
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