The trastuzumab biosimilar is priced 29.5% below the list price for the trastuzumab reference product, Herceptin.
According to Korean news media, Daewoong Pharmaceutical, a Korean-based bioengineering company, announced yesterday that it has launched a trastuzumab biosimilar the Republic of Korea, sold as Samfenet. Daewoong secured exclusive sales rights for the biosimilar from drug developer, Samsung Bioepis in December 2017.
The trastuzumab biosimilar is priced 29.5% below the list price for the trastuzumab reference product, Herceptin, owned by Roche subsidiary Genentech. In 2016, Herceptin was the world’s eighth best-selling drug, with global sales of $6.7 billion. With the addition of Samfenet, Daewoong strengthens its oncology product portfolio that currently includes a chronic myeloid leukemia treatment, Supect (radotinib), and a prostate cancer drug, Luphere Depot (leuprolide acetate).
Samfenet will not be the only trastuzumab biosimilar available in the Korean market, as Celltrion launched its own biosimilar molecule, Herzuma, in September 2017. At the time of the first biosimilar’s launch, the list price of the originator Herceptin dropped to 70% of its original price, as is the case automatically after all first biosimilar market entries in the Republic of Korea.
In addition to the Korean market, Samsung Bioepis has its eyes on both the European and United States markets for the biosimilar. In December 2017, Bioepis announced that the FDA accepted its Biologics License Application (BLA) for review. If approved, the drug will be commercialized in the United States by Merck, and would compete not only the reference product, but also with Ogivri, Mylan-Biocon’s recently FDA-approved biosimilar trastuzumab (though Ogivri has yet to be launched, and no date for its launch has been publicized).
In the European Union, in November 2017, the European Commission granted Samsung Bioepis a marketing authorization for the biosimilar, making it the first trastuzumab biosimilar approved in that marketplace. Within both the EU and the European Economic Area member states of Norway, Iceland, and Liechtenstein, the drug will be sold as Ontruzant.
Bioepis also reports a number of other biosimilar products included in its pipeline. The company is currently in the midst of developing the following: SB4, etanercept (referecend on Enbrel); SB2, infliximab (referenced on Remicade); SB5, adalimumab (referenced on Humira); SB9, insulin glargine (referenced on Lantus); and SB8, bevacizumab (referenced on Avastin).
Eye on Pharma: Sandoz Files Antitrust Suit; Yuflyma Interchangeability; Costco’s Ustekinumab Pick
April 22nd 2025Sandoz's antitrust suit against Amgen, the FDA’s interchangeability designation for Celltrion’s adalimumab biosimilar, and the inclusion of an ustekinumab biosimilar in Costco’s prescription program highlight growing momentum to expand biosimilar access and affordability for patients with chronic inflammatory diseases.
How AI Can Help Address Cost-Related Nonadherence to Biologic, Biosimilar Treatment
March 9th 2025Despite saving billions, biosimilars still account for only a small share of the biologics market—what's standing in the way of broader adoption and how can artificial intelligence (AI) help change that?
Latest Biosimilar Deals Signal Growth Across Immunology, Oncology Markets
April 14th 2025During Q1 2025, pharmaceutical companies accelerated biosimilar expansion through strategic acquisitions and partnerships in hopes of boosting patient access to lower-cost treatments in immunology and oncology.
Will the FTC Be More PBM-Friendly Under a Second Trump Administration?
February 23rd 2025On this episode of Not So Different, we explore the Federal Trade Commission’s (FTC) second interim report on pharmacy benefit managers (PBMs) with Joe Wisniewski from Turquoise Health, discussing key issues like preferential reimbursement, drug pricing transparency, biosimilars, shifting regulations, and how a second Trump administration could reshape PBM practices.
Risk-Adjusted NPV Framework for Biosimilars Shows Key Investment Drivers
April 7th 2025Early market entry, manufacturing efficiency, and market share are critical to biosimilar development success, while technical complexity and competition heavily impact returns, according to a study presenting a risk-adjusted net present value (NPV) analysis framework.