One only needs to look at Europe to see the future, says a pharmacy expert, who sees the US payer landscape moving to greater biosimilar adoption in 2020.
Zarxio, a filgrastim biosimilar, arrived on the US market in September 2015. An infliximab biosimilar followed in 2016. The United States now has 26 approved biosimilars, of which 17 are on the market and a few dozen more are in the pipeline.
There is a lot of experience with biosimilars in this country already, and as a panel of pharmacy experts stated recently, the market share enjoyed by these products is growing.
“Believe it or not, the market share is about 9% for the entire country. Whereas if you look in Europe, they actually have a market share over 70%,” said Bhavesh Shah, RPh, BCOP, in a Pharmacy Times®—hosted discussion that compared the US market with the more mature European market.
Here vs There
“There’s definitely a better adoption of biosimilars in Europe across the landscape of biosimilars,” said Shah, senior director of specialty and hematology/oncology pharmacy at Boston Medical Center Health System, in Massachusetts.
A key difference is the level of government intervention in the way the markets operate, he noted.
“A lot of their decisions are made at the government level, so it’s much easier when the government says that they’re going to switch everybody in 1 day. In Norway, they basically switched patients from one biosimilar to another multiple times in a year because of contracts. If they have a better contract with a manufacturer [several months later], they’ll actually switch everybody to that biosimilar,” Shah said.
Payers also have more control over the types of agents that are prescribed, he added. In the United States, Kaiser Permanente has had a high degree of success switching patients to biosimilars, and this is a pattern that likely will be continued across the payer community in 2020, Shah said.
For the full story, visit Pharmacy Times®.
Pharmacy Times® and The Center for Biosimilars® share the same parent company, MJH Life Sciences™, the largest privately held, independent, full-service medical media company in North America, dedicated to delivering trusted health care news across multiple channel.
Breaking Down Biosimilar Barriers: Payer and PBM Policies
November 13th 2024Part 2 of this series for Global Biosimilars Week dives into the complexities of payer and pharmacy benefit manager (PBM) policies, how they impact biosimilar accessibility, and how addressing these issues may look under a second Trump term.
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.
Panelists Stress Stakeholder Education to Build Confidence in Biosimilars
October 31st 2024By expanding educational initiatives to clarify biosimilar safety, efficacy, and interchangeability, stakeholders can foster trust, improve access, and ensure that biosimilars are widely accepted as high-quality, cost-effective alternatives to originator biologics.
What AmerisourceBergen's Report Reveals About Payers, Biosimilar Pricing Trends
May 28th 2023On this episode of Not So Different, Tasmina Hydery and Brian Biehn from AmerisourceBergen discussed results from a recent survey, that were also presented at Asembia 2023, diving into the payer perspective on biosimilars and current pricing trends across the US biosimilar industry.
Sandoz Report: A Unified Approach to Overcoming Drug Shortages
October 10th 2024A report from Sandoz emphasizes the need for collaboration among stakeholders to eliminate drug shortages impacting over 90% of hospital systems in the US, recommending policy changes and actions to address the ongoing issue, which has caused treatment delays and increased costs.