Surya Singh, MD discusses how education efforts have reduced providers’ doubts surrounding the similarity between biosimilars and their reference products at the March 2020 FDA/Federal Trade Commission workshop on anticompetitive practices.
Surya Singh, MD, is the president of Singh Healthcare Advisors.
Transcript:
Have education efforts reduced provider doubt regarding the similarity of biosimilars and their reference products?
I think that the educational component of biosimilar uptake had a slow start 5 years ago, but has really accelerated now [that we’ve] gotten over what I'll refer to as the educational threshold for providers. So, if the question is, "Is there still lingering doubt in the minds of providers on whether or not a biosimilar is sufficiently comparable to the reference product in order for them to safely prescribe it and have their patient use it?" the answer to that is I don't think there's lingering doubt. I think most of the doubt that was present in the earlier days following the first biosimilar approvals has really been taken care of or eliminated based on the educational efforts that were undertaken by a number of different groups, but also by experience. So, they've gained experience with biosimilar products and realized what a lot of people were saying at the outset: The batch-to-batch variability between the reference product being produced in the same facility was as great as it is between a biosimilar product and the reference product. I think experience has helped a lot of clinicians who had some doubt at the outset get over that doubt. So, I would contend that if there is any lingering doubt that is impeding biosimilar uptake, it pales in comparison to some of the economic considerations that are at play in the market.
Spanish Real-World Study: Adalimumab Biosimilar MSB11022 Safe, Effective in IBD
May 18th 2024A real-world study in Spain on inflammatory bowel disease (IBD) patients found no meaningful changes in clinical or biochemical markers or differences in effectiveness between the adalimumab originator and the biosimilar MSB11022 (Idacio; Fresenius Kabi) in adalimumab-naïve patients.
Decoding the Patent Puzzle: Navigating the Legal Landscape of Biosimilars
March 17th 2024On this episode of Not So Different, Ha Kung Wong, JD, an intellectual patent attorney and partner at Venable LLP, details the confusing landscape that is the US patent system and how it can be improved to help companies overcome barriers to biosimilar competition.
AMCP Posters Tackle Interchangeability and Medicaid, Factors Driving Biosimilar Access
April 24th 2024Two posters from the Academy of Managed Care Pharmacy (AMCP) annual meeting explore how an interchangeable insulin glargine biosimilar plays into Medicaid budgets and the top factors driving access to biosimilars.
Exploring the Biosimilar Horizon: Julie Reed's Predictions for 2024
February 18th 2024On this episode of Not So Different, Julie Reed, executive director of the Biosimilars Forum, returns to discuss her predictions for the biosimilar industry for 2024 and beyond as well as the impact that the Forum's 4 new members will have on the organization's mission.
Global Biosimilar Market Projected to Reach $1.3 Trillion by 2032
April 11th 2024The global biosimilar market is projected to surge from $25.1 billion in 2022 to approximately $1.3 trillion by 2032, with a compound annual growth rate of 17.6%, driven mainly by the increasing prevalence of cancer and the cost-effectiveness of biosimilars, as outlined in a report by Towards Healthcare.
Study: More Biosimilar Competition Is Not Lowering Patient OOP Costs
March 29th 2024Despite more biosimilars entering the market and generating significant savings for payers and health care systems, these savings are not resulting in lower out-of-pocket (OOP) costs for patients, according to a recent study.