Pfizer indicated that Nivestym will be priced at a wholesale acquisition cost (WAC) of $350.40 per 480-mcg prefilled syringe, a WAC that is 30.3% lower than that of the reference Neupogen.
A representative from Pfizer told The Center for Biosimilars® in an email that Nivestym, an FDA-approved biosimilar filgrastim (referencing Neupogen), became commercially available in the United States on October 1. Pfizer began shipping the biosimilar to wholesalers on September 24.
Pfizer indicated that Nivestym will be priced at a wholesale acquisition cost (WAC) of $350.40 per 480-mcg prefilled syringe, a WAC that is 30.3% lower than that of the reference Neupogen, 20.3% lower than that of Zarxio (Sandoz’s biosimilar filgrastim), and 14.1% lower than that of Granix (or tbo-filgrastim, Teva’s follow-on filgrastim product cleared by the FDA prior to the establishment of a biosimilar approval pathway).
Nivestym, like its reference, is a granulocyte-colony stimulating factor that is approved to treat neutropenia in patients who are undergoing myelosuppressive chemotherapy or who have other types of severe neutropenia, and to mobilize autologous hematopoietic progenitor cells into peripheral blood for leukapheresis.
While the United States has 12 approved biosimilar products, Nivestym is only the fifth such product to launch; some biosimilar products, such as Sandoz’s etanercept, Erelzi, or Amgen’s adalimumab, Amjevita, have yet to launch despite having been approved in 2016, due in part to a complex patent landscape and ongoing legal challenges.
However, if recent trends are an indication of the future of the marketplace, patients may be able to access biosimilars—and health systems may be able to reap cost savings—sooner. It took Pfizer mere months to launch Nivestym, which was approved in July 2018. Similarly, Mylan and Biocon’s pegfilgrastim biosimilar, Fulphila, was approved in June 2018 and launched just 1 month later in July.
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.
Eye on Pharma: Golimumab Biosimilar Update; Korea Approves Denosumab; Xbrane, Intas Collaboration
December 10th 2024Alvotech and Advanz Pharma have submitted a European marketing application for their golimumab biosimilar to treat inflammatory diseases, while Celltrion secured Korean approval for denosumab biosimilars, and Intas Pharmaceuticals partnered with Xbrane Biopharma on a nivolumab biosimilar.
Biosimilars Oncology Roundup for June 2024—Podcast Edition
July 7th 2024On this episode of Not So Different, we review biosimilar news coming out of June, with clinical trial results from conferences and a study showcasing how to overcome economic and noneconomic barriers to oncology biosimilars.
Switching to Rituximab Biosimilars Is Safe, Effective for Patients With Oncohematological Diseases
December 5th 2024Patients with oncohematological diseases switching to rituximab biosimilars experienced similar safety and efficacy, highlighting biosimilars' potential for cost-effective treatment across various medical conditions.
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.