The new patient guide on biosimilar medicines issued by the European Commission (EC), “What I Need to Know About Biosimilar Medicines: Information for Patients,” highlights the very different ways the EC and the FDA approach educating the public about biosimilar medicines.
The EC educational guide emphasizes that it has been created by and for patients, with input from the European Medicines Agency (EMA) and EC, and seeks to reassure the public about biosimilar medicines by stressing the EMA’s careful regulation of this developing market. In the United States, by contrast, it is estimated that nearly 70% of consumers don’t know what a biosimilar is, and there also appears to be a significant amount of confusion among US experts about biosimilars. Yet, the FDA is not adequately reaching out to US patients with the kind of guidance its European counterpart is.
While it is true that the EU did get a head start in the biosimilar category—its first biosimilar was approved in 2006 and there are now some 2 dozen biosimilars approved for use compared with the FDA’s 4 biosimilar approvals—the FDA needs to invest more in educating patients and their physicians on biosimilars. One of the offerings of the FDA is a continuing education course for healthcare providers, but more needs to be done as we will soon see a steady stream of biosimilars entering the market. Although the FDA has made strides in the last year with setting scientific standards for biosimilars and is additionally working with the pharmaceutical industry to develop a regulatory framework, efforts also need to be directed to help shape consumer attitudes toward adoption of this new class of drugs.
The EC guide exploits a user-friendly Q-and-A format and simple examples to illustrate complicated ideas. The guide starts with the history of biosimilars and explains in easy-to-understand language what patients need to know about the biological drugs that biosimilars are based on. It discusses what it means to be “highly similar” to an existing biological medicine that has already been approved. Furthermore, the guide specifies why biosimilars are not the same as generic drugs, and explains why biosimilars have been developed and how they are approved. Above all, the guide reassures patients that “biosimilars are not simply ‘cheap copies’ of reference medicines” and are manufactured following strict quality requirements using state-of-the-art methods subject to strict inspections—similar to other drug manufacturers. Although the EMA evaluates biosimilars using a different set of data compared with other biological medicines, the same high standards of quality, safety, and efficacy apply.
Most important, the EC patient guide stresses individuals’ empowerment, advocating that patients on biosimilars should work closely with their physicians and pharmacists and that they report any adverse events experienced with these drugs.
Biosimilars Drive Cost Savings and Achieve 53% Market Share Across Treatment Areas
January 16th 2025Biosimilar launches achieve a 53% market share and a 53% reduction in average drug costs after 5 years of biosimilar competition, according to Samsung Bioepis’ most recent market report, showcasing notable pricing trends and market share disparities across therapeutic areas.
Biosimilars Gastroenterology Roundup for November 2024—Podcast Edition
December 1st 2024On this episode of Not So Different, we discuss market changes in the adalimumab space; calls for PBM transparency and biosimilar access reforms grew; new data for biosimilars in gastroenterology conditions; and all the takeaways from this year's Global Biosimilars Week.
Improving Biosimilar Access Through Global Regulatory Convergence
January 15th 2025Achieving global regulatory harmonization for biosimilar vaccines and immunotherapies is essential to improving market access, reducing costs, and enhancing patient outcomes by streamlining approval processes, fostering international collaboration, and addressing regulatory disparities.
Biosimilars Development Roundup for October 2024—Podcast Edition
November 3rd 2024On this episode of Not So Different, we discuss the GRx+Biosims conference, which included discussions on data transparency, artificial intelligence (AI), and collaboration to enhance the global supply chain for biosimilars and generic drugs, as well as the evolving requirements for biosimilar devices.
The Next Frontier: Oncology Biosimilars in 2025 and Beyond
January 13th 2025The US oncology biosimilar market has rapidly evolved since its launch in 2017, driven by steep price discounts, payer adoption, and provider confidence, with an upcoming wave of biosimilars targeting blockbuster biologics promising further market growth, cost savings, and broader patient access.
Eye on Pharma: Korean Drugmakers’ Impact in Europe; New Denosumab, Eculizumab Deals
January 11th 2025Korean drugmakers hold over 50% market share in the 6 best-selling biosimilar markets, 2 companies sign exclusive licensing partnership for a denosumab biosimilar, and 2 others join forces for an eculizumab biosimilar.