Tepezza's 2020 launch — the first TED therapy
The FDA approved Amgen's teprotumumab (Tepezza), the first drug ever cleared for thyroid eye disease. Before 2020, TED patients had only steroids to control swelling and surgery as a last resort.
Tepezza became the standard of care and generated $1.9 billion in 2025 sales, despite requiring eight intravenous infusions.
The launch proved a single mechanism could transform a disease with no prior drug treatment — and established the market Enspryng now enters.
Tepezza's trajectory shows how quickly a new TED therapy can become dominant, which is the pattern Roche hopes to repeat with a different mechanism and at-home delivery.
