As the global biologics market is expected to hit close toly the half-trillion-dollar mark this yr, new JAMA research factors to the importance of timely biosimilar enattempt, particularly as fewer biosimilars are entering the US than in Europe, and as monthly deal withment costs for biosimilars have been “substantially higher” within the US compared with Germany and Switzerland.
Among the three countries, biosimilar market share at launch was excessiveest in Germany, however increased on the quickest price within the US, the authors from the University of Zurich’s Institute of Law wrote in JAMA Network Open today.
“In the US, uptake was highest for bevacizumab (36%) and lowest for infliximab (3%) 1 year after market entry,” they noted. “Uptake in Germany was highest for adalimumab (48%) [adalimumab biosimilars in the US don’t launch until next year] and lowest for insulin lispro (2%), whereas in Switzerland, uptake was highest for rituximab (25%) and lowest for insulin glargine (1%) 1 year after market entry.”
While noting that biosimilar upsoak upcreased steadily throughout all three countries from 2011 to 2020, the research only evaluated 15 biosimilars and 6 biologics for the US, 52 biosimilars and 15 biologics for Germany, and 28 biosimilars and 13 biologics for Switzerland.
The relative lack of experience to date within the US, as the trailmethod for biosimilars wasn’t introduced within the US until 2012, also isn’t the trigger for the gaps in value between the European countries and the US.
Kerstin Vokinger“We also made a sub-analysis comparing costs for biosimilars and biologics approved in all three countries (see Fig 4B, page 6) and the results hold,” co-author Kerstin Vokinger informed Endfactors News. “Thus, the higher costs cannot be explained with the BPCIA created in 2012.”
In the conclusion, they referred to as for negotiations within the US to professionalhibit exclusionary contracts in order to allow biosimilars to enter the market quicklyer and at lower costs, “which could result in lower healthcare costs and improved patient access.”
The introduction of interchangein a position biosimilars might also be key to leveling the playing discipline and driving down costs, FDA leaders mentioned recently. Alalthough only 22 of 39 approved biosimilars have launched within the US, a recent report from Amgen approximates that they’ve created round $21 billion in savings over the past six years.
US monthly costs for biosimilars ‘substantially higher’ than Germany or Switzerland, JAMA research finds – Endpoints News
US monthly costs for biosimilars ‘substantially higher’ than Germany or Switzerland, JAMA research finds – Endpoints News
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US monthly costs for biosimilars ‘substantially higher’ than Germany or Switzerland, JAMA research finds – Endpoints News