Obstacles to the Adoption of Biosimilars for Chronic Diseases

There is optimism that biosimilars will offer lower-cost therapeutic alternatives to branded biologic drugs, in the same manner as generic drugs have done for small-molecule drugs. On average, the cost of a small-molecule drug declines by 70% in the 24 months following initial generic approval. Furt...

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Veröffentlicht in:JAMA : the journal of the American Medical Association 2017-06, Vol.317 (21), p.2163-2164
Hauptverfasser: Hakim, Aaron, Ross, Joseph S
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Ross, Joseph S
description There is optimism that biosimilars will offer lower-cost therapeutic alternatives to branded biologic drugs, in the same manner as generic drugs have done for small-molecule drugs. On average, the cost of a small-molecule drug declines by 70% in the 24 months following initial generic approval. Furthermore, generic drugs currently account for 88% of all US prescriptions, yielding 10-year cost savings in excess of $1.5 trillion. Here, Hakim and Ross explore why biosimilars for chronic diseases, the largest category of biological therapies, are unlikely to yield widely expected cost savings.
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subjects Biological products
Biosimilar Pharmaceuticals - economics
Biosimilar Pharmaceuticals - therapeutic use
Chronic Disease - drug therapy
Chronic illnesses
Cost engineering
Cost reduction
Diffusion of Innovation
Drug Approval
Drug Costs
Drug Industry
Drug therapy
Drugs
Generic drugs
Humans
Insurance, Pharmaceutical Services
Legislation, Drug
Pharmacies
State Government
United States
title Obstacles to the Adoption of Biosimilars for Chronic Diseases
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