“We’re in the throes of negotiations with the PBMs, so we would expect to see a marked improvement in 2024 and that could continue into 2025, where we would expect to have very broad access across the other two PBMs. We’re very confident in our ability to achieve that.”

In context

“I think the set-up had been that ’24 would be an opportunity, and that seems to be slightly different. Adam Lenkowsky: Chris, thank you for the question. First, I want to say we’re very pleased with the performance of Sotyktu. Our goal remains to be the standard of care in the oral market. In fact, as you heard, we have achieved now a 40% share of newly written prescriptions and we’re the third most newly prescribed systemic therapy, and we’ve done that in a little over a year post launch. Now as you have stated, our focus really is around accelerating access, and we anticipate achieving broader access in 2024 and continuing in 2025. Remember, today Sotyktu is not covered on approximately 80% of lives in the United States, and so we expect to see significant improvements coming next year. We’re in the throes of negotiations with the PBMs, so we would expect to see a marked improvement in 2024 and that could continue into 2025, where we would expect to have very broad access across the other two PBMs. We’re very confident in our ability to achieve that. Tim Power: Terrific, thanks Adam. Could we go do the next question please, Keith? Operator: Yes, certainly, and that comes from Steven Scala with TD Cowen. Steven Scala: Thank you very much. Regarding the midterm guidance changes, I’m a bit puzzled as to why now, particularly when you had a major meeting last month and time to go through the specifics - I’m sure these changes were evident at that point, or wait until Q4 when you have to set the stage for 2024 and beyond. I think the answer will be that that was an R&D meeting last month, but still, Chris, you opened the meeting by kind of setting the stage and tone for the company, so I’m just wondering why you’re setting these changes in on a Q3 call. Thank you. Chris Boerner: Sure Steve, let me take that, and then David can provide add”