November 25th 2024
Few biologics in the US have multiple biosimilar competitors, but originator biologics respond quickly to competition by increasing rebates and lowering net prices, despite short approval-to-launch timelines for biosimilars.
Express Scripts Reports "Historic Low" Growth in Annual Drug Spending
March 7th 2018Among commercial plans covering employees and their families, said Express Scripts, drug spending increased by just 1.5% per person, down from 3.8% in 2016. Calling this rate a “historic low,” Express Scripts said that this level of spending growth is the lowest that it has measured since 1993.
United Kingdom Should Remain an EMA Member, Says Theresa May
March 6th 2018On March 2, UK Prime Minister Theresa May delivered a speech on the future of the United Kingdom’s relationship with the European Union, calling for the United Kingdom to remain a member of the European Medicines Agency (EMA), and saying that the United Kingdom could commit to abiding by the rules of the EMA and “making an appropriate financial contribution” to the agency.
Phase 1 Clinical Trial of Dornase Alfa Biosimilar to Begin March 2018
March 5th 2018The proposed biosimilar references Genentech’s Pulmozyme, a biologic first approved in the early 1990s in both the European Union and the United States. Pulmozyme is used in conjunction with other therapies to improve pulmonary function in patients with cystic fibrosis.
Canadian Agency for Drugs and Technologies in Health Revises Biosimilar Submission Procedures
March 2nd 2018The Canadian Agency for Drugs and Technologies in Health, the Canadian entity responsible for health technology assessments, has announced that it has revised its approach to reviewing biosimilars.
FDA to Rely on GMP Inspections Conducted by 4 More EU Member States
March 2nd 2018The FDA and the European Medicines Agency announced today that the mutual recognition agreement on good manufacturing practice (GMP) inspections between the European Union and the United States now includes 4 additional EU member states.
Cadila to Seek FDA Approval of Pegfilgrastim Biosimilar by 2019
March 2nd 2018India-based drug manufacturer Cadila Healthcare has announced that it is planning to file a Biologics License Application (BLA) for its biosimilar pegfilgrastim with the FDA by the end of 2019. To date, no developer has been successful in gaining regulatory approval in the United States or European Union for a biosimilar of the reference pegfilgrastim.
PhRMA Report: Value-Based Contracts Could Reduce Drug Costs
February 26th 2018Over the past 2 years, commercially insured patients enrolled in plans that had value-based contracts for certain high-cost drugs had lower copays for their medications than did patients enrolled in plans without such contracts. That finding comes from “Delivering Results for Patients: The Value of Value-Based Contracts,” a new report from the Pharmaceutical Research and Manufacturers of America (PhRMA).
PTAB Denies Tribe's Request for Sovereign Immunity From IPRs on Restasis Patents
February 26th 2018The US Patent Trial and Appeal Board (PTAB) has decided that the Saint Regis Mohawk Tribe cannot claim sovereign immunity from inter partes review (IPR) of Allergan’s patents covering Restasis, and that the IPR proceedings on those patents can continue with Allergan as the patent owner.
Express Scripts and Walgreens Boots Will Expand Purchasing Efforts to Include Biosimilars
February 22nd 2018Pharmacy benefit manager Express Scripts and Walgreens Boots Alliance, Inc, have announced that they will expand their group purchasing efforts to include specialty drugs, including biologics and biosimilars.
Eye on Pharma: Biocad Forges Ahead With Biosimilar Infliximab
February 21st 2018Biocad, a Russia-based drug manufacturer, received approval for an infliximab biosimilar (referencing Remicade) from Russia’s Federal Drug Control Service last month. The company anticipates expanding to other markets as soon as later this year, or early 2019.
AAM White Paper Highlights Need for Biosimilar Competition to Bring Down Costs
February 20th 2018A white paper released this month by the Association for Accessible Medicines (AAM) says that brand-name drugs are behind high prescription drug costs, and that those costs aren’t only hurting patients’ financial wellbeing, but also endangering their health.
Ireland Seeks to Join European Drug Price Negotiation Bloc
February 15th 2018Ireland’s Minister for Health, Simon Harris, announced this week that Ireland is seeking to join Belgium, the Netherlands, Luxembourg, and Austria in their BeNeLuxA Initiative, a group that negotiates price deals on pharmaceuticals directly with manufacturers.
Eli Lilly Announces Positive Results for IL-17 Inhibitor in Treating Ankylosing Spondylitis
February 15th 2018Yesterday, Eli Lilly announced that its anti–IL-17 monoclonal antibody ixekizumab (Taltz) met the primary and key secondary endpoints in the phase 3 COAST-V trial evaluating its safety and efficacy in ankylosing spondylitis.
Celltrion Gains the European Commission's Authorization for Biosimilar Trastuzumab, Herzuma
February 14th 2018Celltrion’s head of strategy and operations, Ho Ung Kim, told reporters this week that the intravenous Herzuma could be launched at as much as a 50% discount to a subcutaneously administered presentation of the reference Herceptin.
Is the White House Budget at Odds With NIH's Contributions to New Drugs?
February 13th 2018Yesterday, President Trump released his budget proposal for the 2019 fiscal year. On the same day, the Proceedings of the National Academy of Sciences of the United States of America released a paper summarizing the NIH’s contribution of funding to new drugs approved from 2010 to 2016.
CEA White Paper Calls for "Easy and Inexpensive" Guidance on Interchangeable Biosimilars
February 12th 2018On Friday, the White House’s Council of Economic Advisors (CEA), an agency within the Executive Office of the President, released a white paper titled “Reforming Biopharmaceutical Pricing at Home and Abroad.”
Novartis Gains Label Expansion for Secukinumab
February 10th 2018Novartis announced on Thursday that the FDA has approved a label update for secukinumab (Cosentyx) to include moderate to severe scalp psoriasis, a particularly challenging form of psoriasis to treat, and a condition that affects approximately half of patients with psoriasis.