July brought a lot of discussion regarding biosimilar policies, in both the US and abroad, as well as 3 highly anticipated FDA approvals.
July brought a lot of discussion regarding biosimilar policies, in both the US and abroad, as well as 3 highly anticipated FDA approvals.
FDA Approvals
Two approvals came through during the first day of the month: Samsung Bioepis’ Pyzchiva (ustekinumab-ttwe) and Formycon and Klige Biopharma’s Ahzantive (aflibercept-mrbb).
Pyzchiva is the third ustekinumab biosimilar approved in the US and the 14th interchangeable biosimilar, meaning that the biosimilar can be substituted for the reference product Stelara (ustekinumab) at the pharmacy without physician approval. It will be available for intravenous and subcutaneous administration to treat conditions such as plaque psoriasis, psoriatic arthritis, Crohn disease, and ulcerative colitis.
Ahzantive is the third biosimilar referencing Eylea (aflibercept) approved in the US. This biosimilar is approved for treating age-related neovascular (wet) macular degeneration and other retinal diseases like diabetic macular edema, diabetic retinopathy, and macular edema following retinal vein occlusion. The approval follows those of Biocon Biologics' Yesafili and Samsung Bioepis' Opuviz in May 2024.
Additionally, the FDA approved Epysqli (eculizumab-aagh), a biosimilar developed by Samsung Bioepis that references Soliris (eculizumab), for treating paroxysmal nocturnal hemoglobinuria and atypical hemolytic uremic syndrome. This is the second approval for an eculizumab biosimilar in the US and the eighth biosimilar approval for Samsung Bioepis. Epysqli was also approved by the European Commission in May 2023 and in the Republic of Korea.
US Policy Updates and Discussion
An article from Sarfaraz K. Niazi, PhD, an adjunct professor of pharmaceutical science from the University of Illinois Chicago and a member of The Center for Biosimilars® Advisory Board, discussed the FDA's new guidelines on interchangeable biosimilars, a classification unique to the US. These guidelines allow developers to claim interchangeability based on existing data without requiring additional trials, addressing concerns that such studies are redundant and potentially abusive. The FDA issued the guideline on June 20, 2024, and introduced educational tools to help stakeholders understand biosimilars. Niazi said he anticipates further regulatory changes to streamline biosimilar approval and reduce development costs, encouraging the entry of smaller companies into the market.
Similarly, in a contributor piece, Kathy Oubre, MS, CEO of Pontchartrain Cancer Center and another member of The Center for Biosimilars Advisory Board, discussed the growth of the biologics market in the US, which has seen an annual increase of 12.5% over the past 5 years and is expected to dominate the top 100 drugs by 2026. Oubre emphasized the importance of employers in promoting biosimilars by educating health plan participants and providers, adopting clinical management programs, designing payment features of prescription benefits to include biosimilars, and addressing biosimilars in pharmacy benefit manager (PBM) contracts.
The language of biosimilars is also a big topic of discussion. An article discussed the development and impact of biologic medicines, which have significantly benefited patients with diseases like autoimmune disorders, cancer, diabetes, and genetic conditions. The expiration of patents on older biologics led to the introduction of biosimilars, which are similar but not identical to innovator biologics, offering greater patient access and reduced costs.
Biosimilar Policies Abroad
A recent study highlighted how Singapore's value-driven health care strategies have led to high biosimilar adoption rates, reducing treatment costs and saving the health care system significant amounts. The study analyzed 5 monoclonal antibody biosimilars from 2018 to 2022, revealing significant price reductions and increased patient treatment numbers, saving the health care system $136 million over 5 years.
A real-world study presented at the 2024 European Congress of Rheumatology found that patients with inflammatory bowel disease or chronic inflammatory rheumatic disease who switched from reference adalimumab to the biosimilar CT-P17 generally felt the switch was necessary, leading to high satisfaction rates. However, 51.3% of patients had problematic or insufficient health literacy, which was not directly linked to satisfaction levels. The study revealed that patient beliefs about the necessity of the switch influenced satisfaction more than health literacy. Researchers concluded that reinforcing patient education before switching to biosimilars could improve adherence and satisfaction.
AAM Report: Generics and Biosimilars Savings Reach $445 Billion in 2023, Part 1
September 18th 2024Savings from generic and biosimilar drugs totaled $445 billion in 2023, showing promise for the growth of both markets and highlighting the success of expansion policies for these products, according to a new report from the Association for Accessible Medicines (AAM).
Expanding Biosimilar Adoption: Insights and Strategies With Dr Sophia Humphreys
September 16th 2024Sophia Humphreys, PharmD, MHA, BCBBS, director of system formulary management at Sutter Health, discusses the challenges of expanding biosimilars into new therapeutic areas and highlights the role of education, competitive pricing, and integrated delivery networks in improving adoption and market growth.
Biosimilars in America: Overcoming Barriers and Maximizing Impact
July 21st 2024Join us as we explore the complexities of the US biosimilars market, discussing legislative influences, payer and provider adoption factors, and strategies to overcome industry challenges with expert insights from Kyle Noonan, PharmD, MS, value & access strategy manager at Cencora.
BioRationality: FDA Clarification Provides New Indications and Process Change for Biosimilars
September 9th 2024Sarfaraz K. Niazi, PhD, explains the FDA's new guidelines on post-approval changes for biosimilars, emphasizing the processes for reporting modifications, comparability assessments, and the potential for biosimilars to introduce new indications or formulation changes, which could significantly impact their market competitiveness and accessibility.
The Role of Coverage Strategies in Biosimilar Market Impact and Cost Savings
September 4th 2024A recent study highlights that although biosimilars have led to significant price reductions, originator products with sole preferred coverage strategies have maintained market share, suggesting that increased biosimilar uptake alone may not fully leverage the market's competitive and cost-saving potential.