At the AAM 2021 Annual Meeting, Mr Doug Long* of IQVIA delivered a presentation on US biosimilar market access, indicating savings over the next five years in the US as a result of biosimilars are projected to exceed US$100 billion.
His presentation was based on the IQVIA report ‘Biosimilars in the US 2020–2024: Competition, Savings and Sustainability’, which assessed the current state of the biologicals market in the US and found that the development and approval of biosimilars have been accelerating [1].
In fact, up to September 2021 there have been 29 approvals across 13 molecules [2], although only 18 have so far been launched in the country [3]. In addition, there are a further 108 biosimilars in development across 22 other molecules.
Savings enabled by the presence of biosimilars were modelled by IQVIA to exceed US$100 billion in aggregate over the next five years (2020–2024), although they point out that volume and price dynamics remain volatile and significant uncertainty remains. This is a massive increase form the previous years, where savings of US$18 and 19 billion were achieved for 2010–2014 and 2015–2019, respectively.
In the following series of two articles the expected biosimilar launches and uptake and biosimilars launched, approved or in development are presented.
*Doug Long is the Vice President Industry Relations at IQVIA.
Editor’s comment
Readers interested to learn more about biosimilars in the US are invited to visit www.gabi-journal.net to view the following manuscript published in GaBI Journal:
A white paper: US biosimilars market on pace with Europe
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References
1. IQVIA. Biosimilars in the US 2020–2024: Competition, savings and sustainability. Report by the IQVIA Institute for Human Data Science. 29 September 2020.
2. GaBI Online - Generics and Biosimilars Initiative. Biosimilars approved in the US [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2021 Oct 8]. Available from: www.gabionline.net/biosimilars/general/Biosimilars-approved-in-the-US
3. GaBI Online - Generics and Biosimilars Initiative. Biosimilar approvals and launches in the US [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2021 Oct 8]. Available from: www.gabionline.net/biosimilars/general/Biosimilar-approvals-and-launches-in-the-US
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