Samsung Bioepis confirmed on 1 February 2016 that it had won a contract in Norway to supply its newly approved biosimilar etanercept, Benepali, to the country.
Biosimilar etanercept offered at 47% discount in Norway
Biosimilars/General | Posted 05/02/2016 0 Post your comment
Benepali was developed by Samsung Bioepis, which is a joint venture between South Korean electronics giant Samsung and biotechnology company Biogen. The drug is a biosimilar of Amgen/Pfizer’s Enbrel (etanercept). Etanercept is a biological drug that treats autoimmune diseases by inhibiting tumour necrosis factor (TNF); a soluble inflammatory cytokine.
Benepali received marketing authorization in the European Union on 14 January 2016, after having received a positive recommendation from the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) in November 2015 [1].
According to Samsung Bioepis, Benepali will be sold at a 47% discount compared to the price of Enbrel in Norway via Samsung’s European partner, Biogen. In response, Pfizer is reportedly aggressively discounting Enbrel in order to try and maintain its market share in Norway.
Benepali is the first etanercept biosimilar to be approved in Europe, where sales of Enbrel, supplied by Pfizer, are reported to be US$2.5 billion. In Norway alone, sales are reported to be US$58 million.
Benepali may not be the only etanercept biosimilar in Europe for long. Sandoz, the generics division of Novartis, submitted an application for its proposed etanercept biosimilar (GP2015) to EMA in December 2015 [2].
Related article
Biosimilars of etanercept
References
1. GaBI Online - Generics and Biosimilars Initiative. EMA recommends approval of etanercept biosimilar [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2016 Feb 5]. Available from: www.gabionline.net/Biosimilars/News/EMA-recommends-approval-of-etanercept-biosimilar
2. GaBI Online - Generics and Biosimilars Initiative. EMA accepts application for etanercept biosimilar [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2016 Feb 5]. Available from: www.gabionline.net/Biosimilars/News/EMA-accepts-application-for-etanercept-biosimilar
Permission granted to reproduce for personal and non-commercial use only. All other reproduction, copy or reprinting of all or part of any ‘Content’ found on this website is strictly prohibited without the prior consent of the publisher. Contact the publisher to obtain permission before redistributing.
Copyright – Unless otherwise stated all contents of this website are © 2016 Pro Pharma Communications International. All Rights Reserved.
Source: Business Korea,Samsung Bioepis, The Korea Herald
Research
Long-term real-world safety experience of biosimilars confirms concept of biosimilarity
Budget impact analysis of Rixathon introduction in Chile for non-Hodgkin lymphoma
Most viewed articles
The best selling biotechnology drugs of 2008: the next biosimilars targets
Global biosimilars guideline development – EGA’s perspective
Comments (0)
Post your comment