John Gabrielson, senior vice president at JSR Life Sciences and head of Similis Bio, shares how the recent codevelopment deal between Similis and Blau Farmaceutica differs from commercialization and licensing deals many other companies have signed with each other.
John Gabrielson, senior vice president at JSR Life Sciences, offers insight into the recent codevelopment deal Similis signed with Blau Farmaceutica and his projections for how biosimilars will evolve in the coming years.
Transcript
Similis Bio recently signed its first codevelopment partnership with Blau Farmaceutica for 4 biosimilar products. How does this partnership differ from the common commercialization and licensing deals that the global biosimilars industry has been seeing increases of in recent years?
Gabrielson: Yeah, so, we're really excited about this partnership with Blau. And several features of this deal, I think, will benefit both parties in the long term. So, most importantly, Blau and JSR both have the incentive to make commercially successful biosimilars from the very beginning of the project to the very end to commercialization and market access.
We structured the deal as a hybrid development and licensing agreement. Some of the assets are ready to licensed immediately, and others were just starting now. So, as we've seen over the past 6 months or so as we've talked with biosimilar companies, we've learned that there's a robust global market for both fully developed preclinical biosimilars and then many companies are looking for co-development agreements. So, we combine those 2 approaches in this in this deal.
How do you expect the biosimilars market to develop in the future, especially as the United States prepares for the introduction of several adalimumab and ustekinumab biosimilars over the next couple years?
Gabrielson: Yeah, so thanks for the question. We will first continue to see price competition in the US as more biosimilars enter the market. I think most people know that, and I hope the pricing pressure will translate into cost savings for patients. Ultimately, that's our goal, and I think that's everyone's goal.
Some of the other changes are less obvious, like potential regulatory relief on clinical and nonclinical requirements. The softening of clinical conditions will necessarily lead to increasing preclinical requirements. Notably, as clinical requirements become more streamlined, we expect the rigor of analytical CMC [chemistry, manufacturing, and control] development, which is something similar says routinely to increase substantially as regulators place more emphasis on state of the art methodologies to characterize the biosimilar product.
Ultimately, this will lead to reduced residual uncertainty. The higher that we can make the bar for demonstration of analytical similarity between the biosimilar and the reference product, the higher the likelihood that the product will be ultimately approved.
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.
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.
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.
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.
Coherus Biosciences Cites Biosimilars as Main Drivers of 2023 Revenue Growth
March 14th 2024In its earnings report for the fourth quarter and full year of 2023, Coherus Biosciences detailed its rising revenue growth, which it partly attributed to increased sales for its pegfilgrastim and ranibizumab biosimilars.