By Tony Schueth
Biosimilars now are being introduced in the United States and are expected to rapidly become lower-cost, mainstream treatments for a range of chronic diseases, including cancer, rheumatoid arthritis, diabetes, multiple sclerosis and kidney disease. In response, it’s not too soon for stakeholders to work on making biosimilars safe and useful within the parameters of today’s healthcare system.
Drivers. There are several reasons why stakeholders — health information technology (healthIT) firms, standards developers, electronic health record (EHR) vendors, physicians, and pharmacy systems — need to pay attention to biosimilars sooner rather than later. One is cost savings. RAND estimated savings from using biosimilars at $44.2 billion over 10 years. This will stimulate adoption as payers and government entities are looking for ways to reduce costs while providing therapeutic alternatives to the escalating numbers of the chronically ill. In addition, many leading and expensive biologics are facing a “patent cliff.” This means their patents will expire in the near future, which will open the door for the launch of related and lower-cost biosimilars. There also is an active pipeline of some 80 biosimilars under development worldwide, so availability will create demand.
With these issues in mind, the Point-of-Care Partners team (POCP) has developed a series of blogs focusing on the impacts of biosimilars on various stakeholders and the status of state biosimilar substitution legislation. This blog is the first in the series. It provides some basic background on biosimilars and their use.
What are biosimilars? The advent of biosimilars will require stakeholders to adjust to new concepts. Definitions are an example. Biosimilars are “follow-ons” of previously licensed biologics or reference products, which are made from living organisms and whose cells may be manipulated to treat specific diseases. According to the Food and Drug Administration (FDA), biosimilars are similar to but not identical copies of the originator biologic, “notwithstanding minor differences in clinically inactive components, and for which there are no clinically meaningful differences between the biological product and the reference product in terms of the safety, purity and potency of the product.”
Why are they different? Biosimilars are inherently very different from conventional drugs in several ways, including their composition, administration, manufacturing and regulatory oversight. For example, biosimilars:
What does this mean? All of this means that stakeholders will need to better understand biosimilars and adapt technologies and workflows to their use. These will be discussed in depth in our biosimilar blog series. But just to whet your appetite, consider the following:
Let us know if we better help you understand biosimilars and their impact on your organization. For starters, check out our Regulatory Resource Center, which makes it easy for you to keep up with state and federal regulatory actions. In the meantime, stay tuned for the remaining blogs in our series on biosimilars.