Biosimilars are biologic medicines designed to offer lower priced, clinically indistinguishable alternatives to the already approved biologic products they reference.

Biosimilars

Biosimilars create intra-drug price competition, without compromising patient safety and drug efficacy. These market dynamics result in lower priced drug offerings, forecasted to save healthcare systems well over $50 billion in the U.S. alone, over the next decade.[3]

Biosimilars

 

Biosimilars create intra-drug price competition, without compromising patient safety and drug efficacy. These market dynamics result in lower priced drug offerings, forecasted to save healthcare systems well over $50 billion in the U.S. alone, over the next decade.[3]

However, the benefits of biosimilars extend far beyond the U.S. and other developed markets. Emerging markets, where patients typically have far lower access to biologic medicines[4], will also benefit. It is in these countries, characterised by poor physical and financial access to biologics, that uptake is expected to increase most dramatically upon biosimilar introduction.[2]

 

While biosimilars have been accepted in Europe for more than a decade, the next several years present an immense global opportunity for biosimilar market penetration and originator market disruption, with many blockbuster biologics set to face biosimilar competition. From 2017, approximately $70 – $80 billion (USD) worth of biologic sales will lose exclusivity, facing biosimilar competition within five years.[5] Biosimilars are therefore poised to build upon these expiring monopolies, curb the recent rises in biologic expenditure, and broaden patient access globally.

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