Shanghai: China's drug regulator has approved Johnson & Johnson's oral pill for psoriasis, the company said on Thursday, intensifying competition ‌in the world's ⁠second-largest ⁠pharmaceutical market with rivals including Bristol Myers Squibb and AbbVie.

Psoriasis, a chronic autoimmune condition that causes ​itchy, scaly, and inflamed patches of skin, affects more than 8.4 million patients in China, ​according to J&J.

Other ⁠treatments include its ‌own Tremfya, Bristol Myers' ​Sotyktu ​and AbbVie's Skyrizi.

Wall Street analysts have ⁠said J&J's drug, Icotrokinra, has "blockbuster potential" ​as a safe and effective ​oral medication and that the once-daily medication could capture significant market share from injectables, such as Skyrizi and Tremfya.

It was approved in China for moderate-to-severe ‌plaque psoriasis, J&J said in a statement. A spokesperson for J&J did not ​immediately respond ​to a ⁠request for comment outside business hours on availability, pricing or sales expectations for the local market.

Other ​drugmakers including China's Innocare Pharma and Japan's Takeda Pharmaceutical are also developing experimental oral treatments in a global market largely dominated by injectables.

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Article Source : Reuters

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