Celltrion Partners with Costco: Yuflyma Now Available for Uninsured Patients
Costco offers Celltrion's Humira biosimilar Yuflyma at 85% discount, boosting access for uninsured patients.
Breaking News
Aug 14, 2024
Simantini Singh Deo
On Tuesday, Celltrion announced that Costco, the prominent
U.S. retailer, has started offering its Humira biosimilar, Yuflyma
(adalimumab). Earlier this month, Celltrion finalized the enrollment of the low
wholesale acquisition cost (Low WAC) version of Yuflyma into Costco’s
Membership Prescription Program (CMPP). This initiative enables uninsured
customers to buy Yuflyma at a significantly reduced price through Costco and
its partner pharmacies.
According to the U.S. Centers for Disease Control and
Prevention (CDC), around 27.1 million Americans were uninsured as of the first
quarter of 2024, facing challenges in accessing costly treatments. With this
new program, Costco members can acquire Yuflyma at an impressive 85% discount
compared to the original price, along with additional savings. Costco boasts
over 133 million members globally and operates more than 600 locations across
the United States. Celltrion highlighted that including Yuflyma in Costco’s
offerings marks an important distribution milestone in the U.S. and will
greatly enhance treatment accessibility for uninsured individuals.
Thomas Nusbickel, chief commercial officer of Celltrion
U.S., added, "This collaboration with Costco will make Yuflyma more
accessible, expanding patients' treatment options and lowering healthcare cost
Celltrion is committed to continuing to bring affordable biologics to the U.S.
market.”
In January of last year, Celltrion launched a dual pricing
strategy in the U.S., introducing a High WAC version of Yuflyma at a 5%
discount to the original product and a Low WAC version at an 85% discount this
past May. This pricing approach aims to cater to the diverse needs of various
stakeholders in the U.S. healthcare landscape. Humira, the original product
from which Yuflyma is derived, is projected to generate approximately $14.4
billion (19.74 trillion won) in sales in 2023, with around $12.1 billion (16.59
trillion won) expected from the U.S. market alone.