Low prices and some gaming of regulations can drive out competitors and create monopolies that allow generic makers to jack up their prices. Experience has shown that it often takes multiple generics to achieve the promised-for downward pressure on prices.
Insurer also moves two approved biosimilars for Remicade, Avsola and Inflectra, to preferred status.
Biosimilars may reduce healthcare costs.
Generic drugs account for 90% of the prescriptions filled in the United States. They are the backbone of healthcare providers’ treatment protocol and they are remarkably cost effective: despite being 90% of the prescriptions filled, generics account for only 20% of drug spending.
Drug and diagnostic approvals and biosimilars news were popular with readers.
The leading community oncology practice partnership has been an early adopter of biosimilars, and a trouble-shooter for hurdles with payers.
The Alliance of Community Health Plans calls for changes to get more biosimilars approved and on the market.
Texas Oncology Executive Vice President Debra Patt says it will be unrealistically expensive for oncologists to keep many biosimilars for the same innovator product in their inventories.
Authors of a review say biosimilars would improve treatment, not just reduce cost.
Whether the OCM has worked out is debatable, but it has apparently encouraged the use of biosimilar versions of filgrastim.
It's early days yet because patent and other issues have kept FDA-approved biosimilars off the market, but Gary Lyman, M.D., M.P.H.. of the Fred Hutchinson Cancer Research Center says there's evidence of some effect on the price of cancer supportive drugs.
Advocates say a number of regulatory changes could help bring more of these products on to the market.
Biosimilar misinformation takes many forms, some of it institutionalized in the form of word usage and some of it deliberately disparaging, 2 executives of Sandoz and Boehringer Ingelheim contend.
Vote in May made FDA-approved biosimilars an "appropriate substitution" for brand-name biologics in NCCN guidelines.
Along with the other Humira biosimilars, Hulio will not be on the market till 2023.
Pacific Research Institute’s Winegarden Sees Dose of Competition as Way to Lower OOP Costs
Cardinal Health recently conducted a survey of more than 100 rheumatologists asking their feelings about biosimilars, and the findings revealed that the majority of them were familiar with and comfortable prescribing biosimilars.
Proving therapeutic equivalence is a major hurdle.
Developing a biosimilar can be more challenging than developing the innovator product because of the need to match the attributes of a highly complex molecules.
The purpose of biosimilar is simple: reduce healthcare costs, pure and simple. Here are 11 trends affecting biosimilars over the last year in the U.S.
Just as we’ve seen the entire healthcare landscape change in 2020 because of COVID-19, the world of biosimilars is ever-changing.
Several biosimilars will come to market within the next few years.
Study finds that biologics that faced competition from biosimilars showed reductions in net prices and leveling off of list price increases.
