Top 10 Selling Cancer Drugs of 2024

  1. Keytruda - $29.5 billion
  2. Darzalex - $9 billion
  3. Opdivo - $7 billion
  4. Imbruvica - $5billion
  5. Tagrisso - $5 billion
  6. Revlimid - $4 billion
  7. Verzenio - $4 billion
  8. Imfinzi - $4 billion
  9. Ibrance - $3 billion
  10. Tecentriq - $3 billion
In the rapidly evolving field of oncology, several cancer drugs have become best-sellers due to their proven effectiveness against various cancer types. Below, we examine some of the top-selling cancer drugs, highlighting their FDA-approved indications, mechanisms of action, and sales figures.

1. Keytruda (Pembrolizumab) - $29.5 billion


Keytruda is the world's bestselling cancer drug by a large margin. (Merck & Co.)
Company: Merck & Co.
2024 sales: $29.5 billion

Indications Approved by FDA:
  1. Melanoma, (KEYNOTE-006 and KEYNOTE-054 trials)
  2. Non-small cell lung cancer, (KEYNOTE-010, KEYNOTE-407, KEYNOTE-189, KEYNOTE 671 trials)
  3. head and neck cancer, (KEYNOTE-012 and KEYNOTE-048)
  4. kidney cancer (renal cell carcinoma), (KEYNOTE-426)
  5. classical Hodgkin lymphoma, (KEYNOTE-204)
  6. primary mediastinal large B-cell lymphoma, 
  7. bladder cancer, (EV-302/KEYNOTE-A39
  8. microsatellite instability-high (MSI-H) or mismatch repair deficient cancers,
  9. gastric cancer, 
  10. esophageal cancer, 
  11. cervical cancer, 
  12. liver cancer, 
  13. biliary tract cancer, 
  14. Merkel cell carcinoma, 
  15. endometrial cancer, 
  16. tumor mutational burden-high cancer, 
  17. cutaneous (skin) squamous cell carcinoma, 
  18. Triple-negative breast cancer (TNBC). (ASCENT-04/KEYNOTE-D19 Study)
In 2024, Merck's Keytruda (pembrolizumab) achieved global sales of approximately $29.5 billion, representing an 18% increase compared to 2023. Excluding foreign exchange impacts, the growth was about 22%. Keytruda remained the world’s best-selling drug, with multiple FDA approvals in 2024 expanding its indications, including treatments for cervical and endometrial cancers (12346).

After AbbVie's Humira lost U.S. market exclusivity and as demand for COVID vaccines plummeted at the end of the pandemic, Merck & Co.’s Keytruda was finally able to claim the title of the world’s bestselling medicine in 2023. But its reign may be short-lived. 

In 2023, Keytruda’s sales grew 21% at constant exchange rates, reaching $25 billion. At the same time, as GLP-1 diabetes and obesity drugs take the world by storm, Novo Nordisk’s semaglutide franchise—Rybelsus, Ozempic and Wegovy—together generated 145.8 billion Danish kroner ($21.1 billion). That marked a nearly 90% surge over 2022. 

The three semaglutide brands continued their seemingly unstoppable growth into 2024. Their first-quarter sales collectively jumped 48% year over year to 42.2 billion Danish kroner ($6.1 billion), inching even closer to Keytruda’s $6.9 billion haul, which represented a 20% increase over the same period last year. 

Keytruda is no doubt the world's bestselling cancer drug. The next oncology asset on our list, Bristol Myers Squibb and Ono Pharma’s rival PD-1 inhibitor Opdivo, generated $10 billion last year. Johnson & Johnson recorded $9.7 billion for its anti-CD38 multiple myeloma drug Darzalex. 

Keytruda scored two high-profile FDA approvals last year, although one of them wasn’t specifically about the PD-1 drug itself. 

In October 2023, the FDA greenlighted Keytruda as part of a continued neoadjuvant-adjuvant therapy used around surgery in resectable non-small cell lung cancer, making it the first PD-1/L1 inhibitor regimen that’s used both before and after surgery. 

The approval was accompanied by phase 3 data from the KEYNOTE-671 trial showing that, compared with presurgical chemo alone, the addition of Keytruda around surgery significantly cut the risk of death by 28%. Despite perioperative Keytruda’s overall survival win, it remains unclear whether a checkpoint inhibitor is necessary both before and after surgery for all approved non-small cell lung cancer cases. The FDA has indicated it wants to tease out the exact contribution of each phase of treatment to the entire regimen. The ultimate length of treatment will affect Keytruda’s long-term sales potential.

In another major feat, a combination of Keytruda and Astellas and Pfizer’s Padcev won full FDA approval as a first-line treatment for advanced bladder cancer—regardless of the patient’s eligibility for chemotherapy. The approval came after the phase 3 EV-302 trial linked the Keytruda-Padcev combo to a 53% reduction in the risk of death compared with chemo. 

But the EV-302 readout was viewed as more of a success for Padcev and the antibody-drug conjugate modality, especially given Keytruda’s previous stumbles (Lancet Oncology 2021) in first-line bladder cancer as a monotherapy and as part of a combination with traditional chemotherapy. Nevertheless, the EV-302 regimen speaks to Keytruda’s appeal as the combination partner of choice for newer drugs. Another candidate taking that approach is Moderna and Merck’s individualized cancer vaccine, mRNA-4157 (V940). The shot’s cocktail with Keytruda has drawn much interest because of its promising midphase data in resected melanoma.  

However, not all attempts to pair Keytruda up have been successful. Some of the notable failures include Keytruda’s combos with AstraZeneca-partnered Lynparza and Eisai-shared Lenvima.

As Keytruda is slated to fall off the patent cliff in 2028, Merck has been working on a subcutaneous version to potentially soften the blow. However, Merck is behind its rivals BMS and Roche in terms of developing more convenient injections of their PD-1/L1 offerings. A dispute over a microscopic enzyme is threatening Merck & Co. plans to sell a new version of Keytruda, the cancer drug that generates nearly half of the company’s sales. Merck has been tweaking Keytruda to make it easier to use—and to protect billions of dollars in revenue the company could lose after U.S. patent protection runs out in 2028 and rivals can begin selling copycats. The enzyme in the new Keytruda allows it to be injected, rather than given intravenously. It is the subject of a brewing patent dispute between Merck and a biotech called Halozyme Therapeutics. (Wall Street Journal

While biosimilars for pembrolizumab are on the horizon, as of mid-2025 no biosimilar versions are yet widely available or approved for commercial use in key global markets. These drugs are biologics (monoclonal antibodies), which are complex to manufacture and subject to patent protections. Pembrolizumab’s patent (held by Merck) is expected to expire in the US around 2028, potentially allowing biosimilars (not generics, due to biologics’ complexity) to enter the market thereafter. Biosimilars are highly similar versions of biologics, requiring clinical trials to demonstrate equivalence, unlike small-molecule generics.

Some countries (e.g., India, China) may produce biosimilar or off-patent versions of ICIs, but these are not FDA- or EMA-approved and lack global standardization. For example, biosimilars for other biologics (e.g., rituximab) exist in India, but no specific pembrolizumab biosimilar is available in major markets.

The Biologics Price Competition and Innovation Act (BPCIA) grants a 12-year exclusivity period for original biologics in the US. Since Keytruda was first approved by the FDA on September 4, 2014, this exclusivity* is scheduled to expire on September 4, 2026 (Eureka). While this could theoretically allow for biosimilar applications, the stronger patent protections, which expire in 2028, are the main barrier to market entry.

*Note: Patent Protection vs Regulatory Exclusivity: Patent protection protects the inventor's intellectual property, including the drug molecule itself and its manufacturing process. Regulatory exclusivity prevents competitor products from entering the market, regardless of patent status. This is distinct from patents and applies to biologic drugs like Keytruda.

2. Darzalex (Daratumumab) - $11.6 billion

Indication Approved by FDA: Multiple myeloma and light chain amyloidosis.

Mechanism of Action: Darzalex is a monoclonal antibody that targets CD38, a glycoprotein expressed on the surface of multiple myeloma cells. By binding to CD38, Darzalex induces tumor cell death through multiple mechanisms, including complement-dependent cytotoxicity, antibody-dependent cellular cytotoxicity, and antibody-dependent cellular phagocytosis. It also modulates the immune system to attack the cancer cells.

Company: Johnson & Johnson
2023 sales: $9.7 billion
2024 sales: $11.6 billion

The Darzalex franchise, including the subcutaneous formulation Darzalex Faspro, was Johnson & Johnson’s second-largest brand last year. With $9.74 billion in global sales, the multiple myeloma drug accounted for 11.4% of the pharma and medtech giant’s total revenue haul for the year. 

Darzalex secured its initial FDA approval in 2015 as a fourth-line multiple myeloma treatment and the first monoclonal antibody for the blood cancer. It entered the first-line setting in 2018 as part of a now outdated combination including Takeda’s Velcade, the alkylating agent melphalan and the corticosteroid prednisone.   

Much more recently, the J&J drug has shown promise as part of an advanced combo with Velcade, Bristol Myers Squibb’s Revlimid and the steroid dexamethasone (VRd). Late last year, the Darzalex-containing four-drug regimen showed it could slash the risk of progression or death by 58% versus VRd alone in first-line myeloma patients who’re eligible for stem cell transplants. The company filed that combo with the FDA in January and secured a priority review. 

3. Opdivo (Nivolumab) - $7 billion

Indications Approved by FDA:
  • NSCLC
  • Melanoma
  • RCC
  • HNSCC
  • Urothelial carcinoma
  • Classical Hodgkin lymphoma
  • Hepatocellular carcinoma
  • Esophageal squamous cell carcinoma
  • Gastric cancer
  • Colorectal cancer with MSI-H/dMMR
  • Small cell lung cancer (SCLC)
Mechanism of Action: Opdivo is another immune checkpoint inhibitor that targets the PD-1 receptor on T cells. Like Keytruda, it blocks the PD-1/PD-L1 interaction, enhancing the immune system's ability to recognize and destroy cancer cells.

Companies: Bristol Myers Squibb and Ono Pharmaceutical
2023 sales: $10 billion
2024 sales: $9.3 billion

Bristol Myers Squibb (BMY) and Ono Pharmaceutical’s Opdivo, a treatment for melanoma and other cancers, generated $9.3 billion in global sales. In 2024, the melanoma-fighting medication alone accounted for nearly 20% of the company’s $48.3 billion in annual revenue.

Opdivo generated $10 billion in global sales last year, with $9 billion going to Bristol Myers Squibb and 148 billion Japanese yen ($1 billion) going to Ono Pharmaceutical.

4. Tagrisso (Osimertinib) - $5 billion

Indications Approved by FDA: 
  • EGFR T790M mutation-positive NSCLC
  • First-line treatment of metastatic NSCLC with EGFR exon 19 deletions or exon 21 L858R mutations
Mechanism of Action: Tagrisso is a third-generation epidermal growth factor receptor (EGFR) tyrosine kinase inhibitor (TKI). It selectively inhibits both EGFR sensitizing mutations and the T790M resistance mutation, which is a common cause of resistance to earlier-generation EGFR TKIs. By blocking these mutations, Tagrisso inhibits cancer cell proliferation and induces apoptosis.

5. Revlimid (Lenalidomide) - $5 billion

Indications Approved by FDA:
  • Multiple myeloma
  • Mantle cell lymphoma
  • Myelodysplastic syndromes (MDS)
  • Follicular lymphoma
Mechanism of Action: Revlimid is an immunomodulatory drug that has multiple mechanisms of action, including direct anti-proliferative effects on tumor cells, inhibition of angiogenesis, and immune system modulation. It also enhances T-cell and natural killer (NK) cell-mediated cytotoxicity and reduces the production of pro-inflammatory cytokines.

6. Verzenio (Abemaciclib) - $4 billion

Indications Approved by FDA: HR-positive, HER2-negative advanced or metastatic breast cancer

Mechanism of Action: Verzenio is an oral, selective inhibitor of cyclin-dependent kinases 4 and 6 (CDK4/6). By inhibiting CDK4/6, Verzenio prevents the phosphorylation of the retinoblastoma protein (Rb), leading to cell cycle arrest at the G1 phase, thereby inhibiting the proliferation of cancer cells.

7. Imfinzi (Durvalumab) - $4 billion

Indications Approved by FDA:
  • Unresectable stage III NSCLC
  • Extensive-stage small cell lung cancer (ES-SCLC)
  • Urothelial carcinoma
Mechanism of Action: Imfinzi is a monoclonal antibody that targets PD-L1, a ligand for PD-1. By binding to PD-L1, Imfinzi prevents it from interacting with PD-1 on T cells, thereby restoring immune responses and allowing the immune system to attack the cancer.

8. Ibrance (Palbociclib) - $4 billion

Indications Approved by FDA: HR-positive, HER2-negative advanced or metastatic breast cancer

Mechanism of Action: Ibrance is an oral CDK4/6 inhibitor, similar to Verzenio. It works by inhibiting CDK4/6, which leads to cell cycle arrest in the G1 phase. This action reduces cancer cell proliferation, particularly in HR-positive breast cancer.

9. Perjeta (Pertuzumab) - $3 billion

Indications Approved by FDA: HER2-positive breast cancer

Mechanism of Action: Perjeta is a monoclonal antibody that targets the HER2 receptor, a protein that is overexpressed in some breast cancers. Perjeta binds to a different epitope on HER2 than Herceptin (trastuzumab), allowing for a more comprehensive blockade of HER2 signaling. This dual inhibition results in a more potent suppression of tumor growth.

10. Tecentriq (Atezolizumab) - $3 billion

Indications Approved by FDA:
  • NSCLC
  • SCLC
  • Urothelial carcinoma
  • Triple-negative breast cancer (TNBC)
  • Hepatocellular carcinoma (HCC)
Mechanism of Action: Tecentriq is a monoclonal antibody that targets PD-L1, similar to Imfinzi. By blocking the PD-L1/PD-1 interaction, Tecentriq reactivates T cells to detect and destroy cancer cells.


Sources:


Disclaimer

The information presented in this article, is intended for general informational purposes only and should not be construed as professional financial, investment, or medical advice. The revenue figures, company rankings, and projections are based on publicly available data, company reports, and industry estimates as of 2025. All currency conversions, where applicable, are based on annual average exchange rates, and revenues outside the health sciences sector have been excluded for consistency (1).

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