A recent report by Morgan Stanley predicts a greater than 40 percent growth in the Hepatitis C (HCV) market in 2015. Projections indicate that the HCV market could be worth $15 billion in upcoming years, with two-thirds of treatment occurring in the United States.
HCV Forerunners Gilead And AbbVie
Morgan Stanley projects that Gilead Sciences, Inc.’s GILD 1.93% Harvoni and Sovaldi and AbbVie Inc’s ABBV 2.02% soon-to-be-approved drug cocktail will account for a large part of the market share for HCV treatment in upcoming years. Analysts project $11 billion in sales for Gilead’s HCV business in 2015 and $10.5 billion in 2016. Projections for AbbVie’s HCV business the next two years total $3.6 billion and $4.0 billion respectively.
Treatment Costs
As it stands, Gilead’s Sovaldi treatment costs patients about $1,000 per day for either 12 or 24 weeks. Harvoni treatment costs $1,125 per day for either eight, 12 or 24 weeks. Until AbbVie’s 4-pill daily HCV treatment officially launches (analysts predict mid-January), firm predictions for the market are difficult to make.
Will The HCV Market Be Taken By These Two?
Morgan Stanley analysts Matthew Harrison and David Risinger are forecasting…
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