Sarfaraz K. Niazi, PhD, congratulates the FDA on approving the 50th biosimilar, noting that there's more work to be done to expand the market.
End of April 2024, the FDA made a significant announcement that it had approved 50 biosimilars 14 years after the Biologics Price Competition and Innovation Act (BPCIA) went into effect. While this is a hallmark moment, it remains an incomplete promise and hope related to biosimilars.
The FDA has approved biosimilars for only 15 molecules out of over 100 biologics that have had patents expired—and dozens more to join this list of candidates. The US-approved biosimilars are held mainly by big pharma companies as they can easily afford the cost of hundreds of millions of dollars for their approval.
However, the high development cost also means that biosimilars will remain high as these investments are amortized. The FDA can change the fate of biosimilars dramatically by adopting scientific rationality despite the misconstrued requirements listed in the BPCIA for biosimilar approval; the legislation gives the FDA that authority. Alas, some elements cannot be altered, such as the designation of interchangeable biosimilars, a classification that the US maintains with a few least-developed countries. There are legislative attempts to remove this despite the strong opposition by big pharma. So, until then, I believe the FDA should give interchangeable status to all first-time filers of a molecule—this will bring a deluge of new biosimilars.
Further, this approval should come without clinical efficacy testing that is now well-proven and redundant based on simple statistical calculations—no wonder these studies never fail because they cannot. The analytical assessment and clinical pharmacology profiling are more than enough to demonstrate the safety and efficacy of biosimilars. What is holding back is not any argument over the scientific merits of these suggestions but the conservative close-mindedness of the reviewers that is continuously instigated by the big pharma.
I wish to congratulate the FDA for reaching this milestone; I would be happier if the FDA had used this event to announce changes in the development requirements and become the leader in scientific pursuit.
A Banner Year for Biosimilars: The 19 FDA Approvals From 2024
January 21st 2025In 2024, the FDA approved 19 biosimilars across various therapeutic areas, including the first biosimilars for ustekinumab and denosumab, marking significant progress in expanding treatment options and market competition.
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.
FTC Releases Second Report on PBMs Meddling in Generic Drug Markets
January 19th 2025The 3 largest pharmacy benefit managers (PBMs) increased many specialty generic drugs prices by hundreds of percent, with some drugs seeing thousands of percent markups, according to the Federal Trade Commission (FTC)’s second interim report on PBM practices.
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 Next Frontier: Oncology Biosimilars in 2025 and Beyond
January 13th 2025The US oncology biosimilar market has rapidly evolved since its launch in 2017, driven by steep price discounts, payer adoption, and provider confidence, with an upcoming wave of biosimilars targeting blockbuster biologics promising further market growth, cost savings, and broader patient access.
Equivalence Confirmed: CT-P41 Paves the Way for Affordable Osteoporosis Care
January 8th 2025Celltrion’s denosumab biosimilar demonstrated equivalent efficacy, safety, and immunogenicity compared with the originator in a phase 3 trial involving postmenopausal women with osteoporosis, paving the way for improved accessibility and cost savings in osteoporosis treatment.