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Cost reductions due to biosimilars in Europe

Biosimilars have been approved in the European Union since 2006 in the classes of erythropoietin (EPO), human growth hormone (HGH), granulocyte colony-stimulating factor (G-CSF) and anti-tumour necrosis factor (anti-TNF).  Despite the fact that they have been in use since 2006, the prices for EPO, HGH and G-CSF classes of drugs in some countries have not reduced by as much as some might have expected. There is also a significant variation between different countries in Europe [1].

Biosimilars penetration in Europe varies widely

The penetration of biosimilars in Europe varies widely between countries and therapy areas [1].

Generics prices in US decrease again in 2013

In 2013, retail prices for 280 widely used generics fell by an average of 4.0%, compared to the US inflation rate, which was 1.5% over the same period.

UK patient groups say pharma needs to reduce cost of medicines

A report produced by patient research organization PatientView has found that UK patient groups think that the pharma industry could be doing a lot more for patients.

FDA making progress but still needs to conduct more inspections

A report from the US Office of the Inspector General (OIG) published in May 2015 has found that although the US Food and Drug Administration (FDA) has made progress on the oversight and inspection of manufacturers of generics, it still needs to conduct outstanding pre-approval inspections of generics makers, which could lead to more timely approval of these drugs.

Generic opioid tops Medicare’s prescription chart

An analysis of Medicare’s prescription drug programme in the US has found that generics of the opioid painkiller Vicodin (hydrocodone/acetaminophen) was the most widely prescribed medicine to Medicare* beneficiaries in 2013. More than 691,000 providers prescribed the painkiller in 2013, including surgeons, dentists and pain experts, according to data released by the Centers for Medicare & Medicaid Services (CMS) on 30 April 2015.

Efforts to bring drug prices down in Ireland

Ireland’s Health Services Executive (HSE), which provides public health and social care services to everyone living in Ireland, reports that the average price of a pack of medicine provided to patients through their community drugs schemes in 2013 decreased to its lowest level in a decade.

Medicare data shows savings to be made with generics use

Despite generics accounting for far more claims in the US Medicare system than brand-name drugs, the total costs for each drug still came in much lower than costlier but much less used brand-name drugs.

Asian generics makers to focus on market expansion

According to a report by researchers at Frost & Sullivan (F&S) the Asian generics market will grow at a compound annual growth rate (CAGR) of 17–18% between 2014 and 2018 [1].

The cost of specialty pharmaceuticals

Specialty pharmaceuticals, which include difficult-to-manufacture small-molecule chemical drugs and biologicals, account for approximately 25% of total prescription costs, with expenditures on specialty prescriptions expected to quadruple by 2020 [1]. In fact, the absence of competition upon patent expiration has enabled the cost of biological drugs to increase seemingly without a ceiling.

Generics News Research General


Biosimilars News Research General