Competition in the insulin market is expected to rise because insulin products will be approved under the regulatory pathway for biological products now that the transition period added to the Biologics Price Competition and Innovation Act (BPCIA) of 2009 has officially ended, the FDA said.
New insulin products are officially being approved under the biologics regulatory pathway, which will allow for an increase in patient access and market competition for biosimilar versions, the FDA said in a statement, calling this a “historic day.”
“We expect this regulatory transition to enable a vibrant competitive market for transitioning products, ultimately empowering patients by increasing choices and potentially lowering prices of safe, effective, high-quality medications,” said the statement, which was authored by Amy Abernethy, MD, PhD, principal deputy commissioner, and Janet Woodcock, MD, director of the Center for Drug Evaluation and Research.
A 10-year transition built into the Biologics Price Competition and Innovation Act (BPCIA) of 2009 allows for the biologics pathway approval of several types of agents, including insulin and certain other drugs originally classified as small-molecule drugs, that were previously regulated under the Food, Drug, and Cosmetic Act.
Under the new pathway, “the FDA can begin receiving applications for proposed biosimilars to these licensed transition biological products, including insulin products that millions of Americans rely on every day to maintain stable blood glucose,” the statement said.
An analysis conducted by the FDA revealed that US marketed biosimilars typically launched with 15% to 35% lower initial list prices than comparative list prices of reference products. Additionally, even with only 1 generic on the market, list prices can drop by 31% to 39%.
Historically, the old regulatory pathway was much more difficult for the development of generic versions of these drugs due to scientific challenges and limitations on the scope of reliable data in a generic drug application.
The FDA noted that the former “framework contributed to limited competition for these drugs, resulting in fewer choices and higher prices for patients.” The new change also will allow manufacturers to seek FDA approval for biosimilar and interchangeable versions of insulin and other transitioning products, leading to greater competition for the market.
In addition to the transition, the FDA also created the Biosimilar Action Plan, which was established to improve the efficiency of biosimilar and interchangeable product development and to maximize scientific and regulatory clarity for biosimilar development stakeholders.
“Through this action plan, we’ve worked to support robust competition from biosimilars, including supporting market competition and providing clear direction to industry on many relevant topics leading up to the transition,” the FDA said.
Another action the FDA has taken to boost the US biosimilar market is partnering with Federal Trade Commission, which addresses false or misleading statements or promotional content by biologic product manufacturers to deter competing biosimilar products from entering the market.
The FDA has also issued a final rule, draft guidance, and final guidance to provide clarity to the biosimilar industry; provided information to patients and healthcare providers about the impact the transition will have; and digitized the Purple Book, an FDA database the lists licensed biological products, to make searching easier.
“These actions, among the many others we’ve taken in this space, reflect the tireless work of our dedicated workforce to ensure a smooth regulatory transition and provide clarity for biosimilar developers,” the FDA noted.
Biologic and biosimilar drugs, including insulin products, are used to treat some of the most serious diseases and conditions including diabetes, respiratory distress syndrome, fertility conditions, Cushing syndrome, deep vein thrombosis, Gaucher disease and more.
Boosting Health Care Sustainability: The Role of Biosimilars in Latin America
November 21st 2024Biosimilars could improve access to biologic treatments and health care sustainability in Latin America, but their adoption is hindered by misconceptions, regulatory gaps, and weak pharmacovigilance, requiring targeted education and stronger regulations.
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.
Eye on Pharma: EU Aflibercept Approvals; Biosimilars Canada Campaign; Celltrion Data
November 19th 2024The European Commission grants marketing authorization to 2 aflibercept biosimilars; Biosimilars Canada launches new campaign to provide sustainable solutions to employers; Celltrion shares positive data for 2 biosimilars.
Biosimilars Policy Roundup for September 2024—Podcast Edition
October 6th 2024On this episode of Not So Different, we discuss the FDA's approval of a new biosimilar for treating retinal conditions, which took place in September 2024 alongside other major industry developments, including ongoing legal disputes and broader trends in market dynamics and regulatory challenges.
Can Global Policies to Boost Biosimilar Adoption Work in the US?
November 17th 2024On this special episode of Not So Different honoring Global Biosimilars Week, Craig Burton, executive director of the Biosimilars Council, explores how global policies—from incentives to health equity strategies—could boost biosimilar adoption in the US.
Subcutaneous Infliximab CT-P13 Superior to Placebo as Maintenance Therapy for IBD
November 16th 2024In 2 randomized controlled trials of maintenance therapy for inflammatory bowel disease (IBD), the subcutaneous formulation of the infliximab biosimilar CT-P13 demonstrated superiority to placebo in patients with Crohn disease and ulcerative colitis.