Korea's Ministry of Food and Drug Safety granted marketing approval to the biosimilar on March 17, to be sold as Eucept.
Korean media are reporting that LG Chem has obtained regulatory approval to begin marketing its etanercept biosimilar in the Republic of Korea. According to The Investor, the Ministry of Food and Drug Safety granted marketing approval to the biosimilar, which will be sold as Eucept, on March 17. Eucept—also approved for marketing by Japan’s Ministry of Health, Labor and Welfare—is LG Chem’s first biosimilar.
LG Chem’s product seeks to differentiate itself from its reference drug, Enbrel, and Samsung Bioepis’ biosimilar etanercept, Brenzys, with its innovative device design. The drug is provided in an autoinjector device that uses thin needles, making self-administration easier and less painful for patients.
A recent study evaluating the biosimilar in comparison with its reference found that Eucept had equivalent clinical efficacy and a comparable safety profile to the reference etanercept, and was well tolerated. The phase 3 study, conducted in patients with rheumatoid arthritis at 48 centers in Japan and 30 centers in the Republic of Korea, also found that injection-site reactions occurred in fewer patients receiving the biosimilar than patients receiving the reference drug.
The researchers cautioned that, because the study was only conducted in Asian nations, the findings related to injection-site reactions may be limited to Asian patients. Therefore, further studies will be warranted for the drug’s use in other populations. An additional 48-week period following the initial 52-week treatment period is currently underway, and will provide long-term safety, efficacy, and immunogenicity data for the biosimilar.
In the Korean marketplace, the study’s findings concerning injection site reactions may provide LG Chem’s product with a competitive edge; Jee Woong Son, head of LG Chem’s life science business division, told Korea Biomedical Review that “We will expand our presence in the domestic market based on differentiated competitiveness, such as our large-scale clinical trial results on Koreans.”
In addition to Eucept, LG Chem is also developing an adalimumab biosimilar, LBAL, referencing Humira. According to its website, the company is in phase 3 development with the adalimumab candidate. The company is also developing novel drugs targeting inflammatory diseases, type 2 diabetes, cancer, and myocardial infarction.
Health Canada Approves First Omalizumab Biosimilar
December 16th 2024Health Canada has approved Omlyclo, the first omalizumab biosimilar in Canada, for the treatment of chronic idiopathic urticaria, allergic asthma, and chronic rhinosinusitis with nasal polyps, based on a phase 3 study confirming its bioequivalence to the reference product.
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.
Commercial Payer Coverage of Biosimilars: Market Share, Pricing, and Policy Shifts
December 4th 2024Researchers observe significant shifts in payer preferences for originator vs biosimilar products from 2017 to 2022, revealing growing payer interest in multiple product options, alongside the increasing market share of biosimilars, which contributed to notable reductions in both average sales prices and wholesale acquisition costs.
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.
The Rebate War: How Originator Companies Are Fighting Back Against Biosimilars
November 25th 2024Few 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.