Elevance Health Inc. (NYSE:ELV) Q2 2023 Earnings Call Transcript

We and CarelonRx have been very, very focused on driving lowest net cost. We obviously were well aware of what occurred in July in terms of the launches and we’ve been staying very, very close to that. And as we’ve said before, we have historically supported biosimilars alongside our reference brand. On Humira, we do expect to include a biosimilar or biosimilars in a similar formulary position as Humira this year. We’re not going to go into more specifics in terms of timing or specifically what we’re going to do, but we will do that. And I would finally say that with the addition of BioPlus in our portfolio, I think we’re now in a much better position to directly manage specialty pharmacy more holistically. So appreciate your questions.

Gail Boudreaux: Thank you, Pete. Now I’d like to close by saying thank you. We’re pleased with our performance year to date and we’re confident that the ongoing execution of our strategy positions us well for the balance of 2023 and in the years to come. Through a steadfast focus on whole health and our diverse and expanding suite of products and solutions, we’ll continue to meet the needs of clients, consumers and communities we serve, advancing our strategy of becoming a lifetime trusted health partner. Thank you all for your interest in Elevance Health, and have a great rest of week.

Operator: Ladies and gentlemen, a recording of this conference will be available for replay after 11:00 AM today through August 18, 2023. You may access the replay system at any time by dialing 800-391-9853, and international participants can dial 203-369-3269. This concludes our conference for today. Thank you for your participation and for using Verizon conferencing. You may now disconnect.