When it comes to considering using biosimilars, savings for patients are providers’ top concern, followed by savings to the healthcare system at large. Yet physicians also rate their own confidence levels in biosimilars as a main hurdle for widespread biosimilar adoption.
When it comes to considering using biosimilars, savings for patients are providers’ top concern, followed by savings to the healthcare system at large. Yet physicians also rate their own confidence levels in biosimilars as a main hurdle for widespread biosimilar adoption.
Those findings come from results of an AmerisourceBergen survey, conducted in August of this year, among 105 oncology, nephrology, and rheumatology physicians. Results of the survey were unveiled this week at AmerisourceBergen’s ThinkLive 2019, a 2-day manufacturer summit that brought together approximately 400 drug makers.
Notably, physicians rated their understanding of biosimilars highly, and expressed confidence in their ability to use biosimilars—particularly in new patients—but they still expressed reluctance about switching patients to biosimilars.
Overall, 51% of physicians said they had “complete understanding” of biosimilars, while 36% said they had a “partial/some understanding.” Most were “confident” (46%) or “highly confident” (18%) about their ability to use biosimilars, and most were “confident” (49%) or “highly confident” (16%) about using biosimilars in new patients (30% said they were “neutral,” 3% they were “reluctant,” and 3% said they were “not confident at all.”).
With respect to switching current patients, 43% said they were “confident” and 8% said they were “highly confident.” However, the proportion of respondents who rated themselves “reluctant” rose to 20% in the context of switching (26% were “neutral” and 4% were “not confident at all”).
According to AmerisourceBergen, that finding “tells us that there’s still a precarious balance between education and economics; just because they understand biosimilars doesn’t mean they’ll use them.” That observation appears to be underscored by the respondents themselves, 74% of whom said that physician confidence is the main barrier to widespread biosimilar adoption.
Other findings from the survey show that, in making decisions on contracting, purchasing, or procuring biosimilars, 37% of respondents rated a biosimilar’s price relative to the reference product to be the most important factor. Price was followed by payer coverage (35%), market applicability (23%), and Q code availability at the time of launch (5%).
In terms of the cost savings that physicians hope to see from biosimilars, 37% said that they hope to see 20% to 30% total cost reduction relative to reference prices, which AmerisourceBergen notes is roughly in line with current cost savings generated by marketed biosimilars. Another 19% said that they hope for a 30% to 40% reduction, 18% hoped for reductions of more than 40%. Meanwhile, 22% said that they would adopt a biosimilar at less than a 20% cost reduction, and the remaining 4% did not require a cost reduction in order to use a biosimilar.
In looking to the future, the respondents said they anticipate relatively high adoption of biosimilars in the coming year; 31% said they anticipate 10% to 20% adoption over the next 12 months.
Enhancing Adoption of Infused Biosimilars for a Sustainable Future
October 30th 2024An IQVIA report highlights challenges to the sustainability of infused biosimilars in the US, citing rebate walls and reimbursement policies, and proposes key solutions to enhance adoption and benefits for all stakeholders.
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.
FDA and Industry Experts Unpack Biosimilar Device Requirements
October 23rd 2024At the GRx+Biosims 2024 conference, a panel of industry experts and FDA officials discussed evolving device requirements for biosimilars and interchangeable biosimilars, highlighting new approaches to comparative use human factors studies, regulatory challenges, and alternative validation methods.
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.
Eye on Pharma: Aflibercept Legal Drama; PBM, Humira Biosimilars; Denosumab Regulatory Review
October 15th 2024Regeneron appeals legal decision after judge refuses to block an aflibercept biosimilar; Prime Therapeutics, a pharmacy benefit manager (PBM), becomes the latest to offer biosimilars referencing Humira (adalimumab) at a low cost; the FDA and European Medicines Agency accept a denosumab biosimilar candidate for review.