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Split Opinion on Biosimilars, Mark Cuban’s Generic Drug Business | 2023 Annual Managed Healthcare Executive Pharmacy Survey
Results show that beliefs about biosimilars are mixed
Forty biosimilars have been approved by the FDA and 27 have come on the market, according to our colleagues at the Center for Biosimilars®. Industry experts have been eyeing 2023 as a crucial year for biosimilars because as many as 10 biosimilars to Humira (adalimumab) are expected to come on the market, most during the second half of the year.
But results of the 2023 Annual Managed Healthcare Executive Pharmacy Survey show about skepticism and optimism about what the biosimilar can accomplish and fulfilling their reason-to-be, lowering the price of biologics through competition.
Forty percent of the 311 respondents indicated that they believe that makers of reference drugs will find ways to keep biosimilars from gaining market share.
Roughly the same proportion — 39% — indicated that they see biosimilars as “beginning to deliver on their promise” of creating price competition.
The survey also asked the respondents to grade how disruptive Amazon’s RxPass and The Mark Cuban Cost Plus Drug Company might be. Both enterprises are positioning themselves as low-cost providers of generic drugs that avoid pharmacy benefit managers. The respondents graded their potential for disruption almost identically. Fifty-three percent said RxPass will be very disruptive or disruptive and 48% viewed Mark Cuban’s generic drug business that way.
The respondents to the pharmacy survey were spread fairly evenly across the various sectors of the U.S. healthcare industry, with 20% self-identifying as working for hospitals, 22% for physician practices, 19% for pharmacy benefit managers, 16% for payer organizations, 13% for drug and device manufacturers and the rest in a variety of sectors. The online survey was conducted Feb. 14-28, 2023.
A Conversation With Greg Baker, RPh, CEO of AffirmedRx
March 31st 2024Greg Baker, CEO of AffirmedRx, describes his early career, shares some of his critical opinions about the pharmacy benefit management (PBM) industry and how, in his view, his company is offering a better alternative.
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David Calabrese of OptumRx Talks New Role, Market Insulin Prices and Other Topics 'On His Mind'
April 13th 2023In this month’s episode of the "What's On Your Mind podcast," Peter Wehrwein, managing editor of MHE connects with the now Chief Clinical Officer of OptumRx Integrated Pharmacies, David Calabrese. In this conversation, David touches on his transition in January as OptumRx’s former chief pharmacy officer and market president of health plans and PBMs to his new role as Chief Clinical Officer where he now focuses more on things such as specialty pharmacy to home delivery — with an overall goal of creating whole-patient care. Throughout the conversation, Calabrese also touched on the market’s hot topic of insulin prices and behavioral health services within the OptumRx community, among other topics.
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Florida Gets the OK. But Will Drug Importation from Canada Actually Happen?
March 5th 2024Canadian health officials warn that maintaining a drug supply for Canadians is their priority. The staunch opposition of the U.S. pharmaceutical industry may also be an obstacle to imports from north of the border.
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Briana Contreras, editor of Managed Healthcare Executive, spoke with Nancy Lurker, CEO and president of EyePoint Pharmaceuticals. Nancy shared a bit about EyePoint and how the organization’s innovative therapies are addressing patient needs through eye care, and most importantly, she addressed C-Suite positions like the CEO role. Nancy shared advice for those seeking to reach the CEO level, especially toward women in healthcare and other roles, and what it takes to run a biopharma company.
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What Payers Need to Know As Retail Pharmacies Move Into Primary Care
September 6th 2023Healthcare beyond the doors of the doctor’s office has the potential to offer more care to more people. But payers need to think about how to ensure that care is consistent. Regardless of the setting, care decisions must be based on evidence-based content and supported with strong patient education.
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