Matt Harman talks about employer interest in biosimilar promotion and how the FDA's new biologics pathway change will affect interest levels, during the World Biosimilar Congress USA 2020 at the Festival of Biologics USA in San Diego, California.
Matt Harman is the senior director of pharmacy at Employers Health.
Transcript:
Please discuss the interest level among employers in promoting biosimilar adoption.
There's a large interest in biosimilars for employers, because when you look at [what] employers spend, about 40 to 50% of costs are on specialty medications, and that's why we think of biosimilars as maybe the saviors of specialities, since they can really help reduce the cost to those employers. You look at a client's top 25 drugs, roughly half of them have potential for biosimilars. Some are already approved but not yet on the market. And then, when you think about insulins or growth hormones, with the new rule changes for potential biosimilars, for those products, there's a lot of interest. We really need these type of products to create competition to reduce the specialty trends that have been going up and up and up each year. So, I think there's a very high interest.
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.
Breaking Barriers in Osteoporosis Care: New Denosumab Biosimilars Wyost, Jubbonti Approved
June 16th 2024In this episode, The Center for Biosimilars® delves into the FDA approval of the first denosumab biosimilars, Wyost and Jubbonti (denosumab-bbdz), and discuss their potential to revolutionize osteoporosis treatment with expert insights from 2 rheumatologists.
FDA Draft Guidance Removes Switching Study Requirements for Biosimilar Interchangeability
June 20th 2024The FDA has issued an update to its guidance on requiring switching study data for biosimilars to be granted interchangeability, citing new science that shows these studies aren’t needed to establish biosimilar safety.
British Columbia’s Biosimilar Switching Program Saves $732 Million in 5 Years
June 18th 2024British Columbia's 2019 Biosimilars Initiative, which transitioned over 40,000 patients from costly reference biologics to biosimilars, saved around $732 million in 5 years, maintained comparable health outcomes, and reinvested the savings to improve the province's public payer program.