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Mark Cziraky, PharmD, CLS: Challenges in the US Biosimilars Market
Mark Cziraky, PharmD, CLS, vice president of research for Healthcore, describes challenges in the US biosimilars market.
Transcript:
Well I think one of the biggest challenges is the level of—the number of biosimilars that are being approved in the market. I mean, we’re seeing 10 now [approved] to date* and we’re going to see another 10 hopefully this year; a total of 20. But comparable to Europe, there’s 41 now approved ex-US, so we have a lot of room to catch up. In addition to that, the actual marketing of the products is a lot slower than was anticipated, so, with those that are already approved, only 3 are currently available on the market. So, the amount of market penetration, the amount of cost reduction that we’re able to see currently with those therapies is quite limited.
*as of the date of filming.
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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.
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IGBA 2023: Dr Monique Mansoura Highlights the Intersection of Geopolitical Issues, Biopharma
February 19th 2023COVID-19 allowed governments to critically examine the biopharma space to increase access to vaccines, but there's still a way to go, according to Monique Mansoura, PhD, MBA, executive director of global health security and biotechnology at the MITRE Corporation, at the International Generic and Biosimilar Medicines Association’s annual meeting.
