Recent discussions at an Institute for Value-Based Medicine event highlighted the significant potential of biosimilars in reshaping the health care landscape, despite facing considerable barriers to adoption.
This version was originally published in a recent issue of Population Health, Equity & Outcomes of The American Journal of Managed Care®. This version has been lightly edited.
Am J Manag Care. 2024;30(Spec. No. 13):SP1033-SP1040. https://doi.org/10.37765/ajmc.2024.89651
Despite facing considerable barriers to adoption, biosimilars have significant potential to reshape the health care landscape, as highlighted in recent discussions at an Institute for Value-Based Medicine event cohosted by The American Journal of Managed Care and Providence in Seattle, Washington, on August 29, 2024.
Experts emphasized the growing momentum in biosimilar approvals, driven by an anticipated market value of $10 billion by 2028, as more biologics approach the end of their patent protection. However, restrictive payer policies and physician hesitancy continue to hinder the drugs’ integration into standard medical practice. Panelists also offered insights into leveraging artificial intelligence (AI) for enhanced formulary management and the necessity of collaborative efforts among stakeholders to improve biosimilar acceptance. The importance of patient education and the role of health care professionals in navigating these challenges were key themes throughout the presentations.
The Pharmacoeconomics of Biosimilars
Sophia Humphreys, PharmD, MHA, BCBBS, director of system formulary management and clinical programs at Sutter Health, highlighted the growing momentum in biosimilar approvals and their market potential. In recent years, there has been a notable trend in biosimilar approvals, with an average of 4 to 6 biosimilars receiving approval annually. This surge is linked to the increasing number of biologics nearing the end of their patent protection, creating significant market opportunities. By 2028, the biosimilar market is projected to be valued at $10 billion, she said, driven by these expirations and the entry of biosimilars as cost-effective alternatives.
Despite the high expectations surrounding biosimilars, their initial market performance has not matched these projections. Adoption rates have been slower than anticipated, primarily due to a combination of factors such as restrictive payer policies, a lack of widespread patient education, and physician hesitancy to prescribe biosimilars. Humphreys said that these elements have contributed to a more gradual integration of biosimilars into standard medical practice than initially expected.
However, the landscape is rife with both challenges and opportunities for improving biosimilar adoption, she noted. One significant barrier to adoption has been payer policies, which are negotiated through pharmacy benefit managers (PBMs) and often prioritize higher rebates from originator biologics over the lower-cost alternatives that biosimilars offer. Addressing these rebate-driven policies can open doors to wider biosimilar acceptance.
Additionally, enhancing patient education and increasing physician confidence in the efficacy and safety of biosimilars are vital steps to boost their prescription rates. Establishing biosimilar comparability to reference biologic products can further reinforce trust within health care systems. Humphreys also called on health care organizations to foster collaboration among integrated delivery networks (IDNs), payers, manufacturers, and physicians, which will be key to overcoming these challenges and ensuring the successful integration of biosimilars into the health care landscape.
“There’s a lot of discussion on [Capitol] Hill about the PBMs and about how to streamline them, how to make them more transparent, so that we will not be facing this rebate war. It does not benefit the IDNs, it does not benefit the manufacturers, and it most definitely does not benefit our patients to be held hostage to a higher-cost product,” Humphreys said.
Multispecialty Updates
The presentation from Steven Stanos, DO, a pain specialist at Providence Swedish Health Services, focused on the evolving understanding of pain and
the importance of a comprehensive approach to its management. He traced the history of pain theory from René Descartes’ mechanistic view to the modern biopsychosocial model, emphasizing the complex mechanisms of pain, including peripheral and central sensitization, which influence how individuals experience pain.
Stanos reviewed several classes of pain medications—nonsteroidal anti-inflammatory drugs, opioids, and serotonin and norepinephrine reuptake inhibitors—and explained their mechanisms of action. However, he noted that even the most commonly used pain medications often provide only modest relief, underscoring the need for a broader, multidisciplinary approach. This approach includes not only drugs but also physical and occupational therapy, psychological support, and relaxation techniques, which together address both the physical and psychological dimensions of pain.
He also discussed pain neuroscience education, which helps patients understand the mechanisms of pain and how to control their response to it. Additionally, he introduced graded motor imagery, a technique to retrain the brain for improved pain management. Stanos concluded by stressing the need for individualized treatment plans because patients respond differently to various interventions.
Mike Skafi, RPh, MSQA, system assistant vice president of pharmacy at Providence, provided a comprehensive overview of Alzheimer disease (AD), a progressive neurocognitive disorder marked by memory loss, cognitive decline, and behavioral changes. He emphasized the escalating prevalence of AD, noting projections that it will affect approximately 14 million individuals in the US by 2060, with significant disparities among different ethnic and racial groups.
Skafi reviewed current treatment options, including cholinesterase inhibitors and N-methyl-D-aspartate receptor antagonists, which primarily offer symptomatic relief. He discussed newer disease-modifying therapies, such as antiamyloid monoclonal antibodies lecanemab (Leqembi) and donanemab (Kisunla), which target the underlying pathology of AD. Although these therapies show promise, Skafi noted the need for careful monitoring due to potential adverse events such as amyloid-related imaging abnormalities and highlighted the substantial costs associated with these treatments.
Skafi expressed optimism about the development of new therapies aimed at modifying the disease trajectory, which could significantly alleviate the burden of AD on patients, caregivers, and the health care system.
JT Lew, PharmD, BCPS, managed care pharmacist at MultiCare Health System, addressed the multifaceted challenges that patients with multiple sclerosis face in accessing medications. He discussed the complexities of health insurance coverage, noting that high out-of-pocket costs and the intricacies of health plan benefits can be significant barriers to medication access. Lew highlighted that patients often encounter difficulties when transitioning between insurance plans or employers, which could disrupt their therapy. Utilization management tools, such as prior authorizations and step therapy protocols, while intended to control costs, can also delay access to necessary medications.
To navigate these challenges, Lew suggested that value-based agreements between health care providers and payers could be a viable solution to help reduce overall health care expenditures while ensuring patient access to essential treatments. He also underscored the importance of patient assistance programs, including co-pay cards and federal assistance, to support patients in managing medication costs.
Lew concluded by emphasizing the pivotal role of health care professionals, including pharmacists and care navigators, in helping patients overcome access barriers, ensuring continuity of care, and optimizing treatment outcomes.
Author Information: Ms Jeremias is an employee of MJH Life Sciences, the parent company of the publisher of Population Health, Equity & Outcomes.
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