EVALUATION OF THE COST SAVING POTENTIAL OF INTRODUCING ADALIMUMAB BIOSIMILARS FOR THE TREATMENT OF ALL LICENSED ADULT ADALIMUMAB INDICATIONS IN IRELAND
Author(s)
Aubrey P1, Waker M2, Levysohn A3, Bodin M3, Keady S3
1Biogen Idec Ltd, Ruislip, LON, UK, 2MTW Consultancy Ltd, London, UK, 3Biogen International GmbH, Baar, Switzerland
Presentation Documents
OBJECTIVES: Anti-TNFs are the most commonly prescribed biologics in rheumatologic, gastroenterological and dermatological immune diseases in Ireland. The biosimilars’ introduction as a treatment option provides an opportunity to achieve cost savings within the healthcare environment. Ireland has the second worst record for biosimilar uptake within Europe. To counteract this a national biosimilar policy is to be implemented1. The study objective was to assess the possible budget impact of introducing adalimumab biosimilars within Ireland, for all licensed adult adalimumab indications. METHODS: A budget-impact model was used to estimate the cost saving potential of introducing an adalimumab biosimilar vs the adalimumab reference product, in Ireland over a 6- and 12-month time horizon from the regional payer’s perspective. Current adalimumab treated population has been estimated through IMS sales data and the population was assumed to remain constant during the 12-month horizon. A scenario was developed with an adalimumab biosimilar adoption of 80% at 6 and 12 months with discounts at currently recognised levels. List prices for the reference biologic were obtained from published sources. An average nurse salary was assumed to be mid-point of a senior nurse on current payscales. RESULTS: Introduction of an adalimumab biosimilar into the biologic treatment setting in Ireland resulted in projected budget savings over the 6 and 12-month time horizons of €45.8 and €42.5m respectively in the modelled scenarios. This could generate savings equivalent to an additional 3,100 and 3,000 patient-years of adalimumab treatment or equivalent to salaries of an additional 1,100 and 1050 nurses respectively. CONCLUSIONS: The introduction of adalimumab biosimilars represents substantial cost-saving opportunities for the Irish healthcare system. Regional policies toward biosimilars influence their adoption thus impacting saving potential. Collaborative (e.g. gain-sharing) agreement at regional levels between the Health Service Executive and prescribers may create more cost-efficient use of medicines whilst releasing investment opportunities to enhance care pathways.
Conference/Value in Health Info
2019-05, ISPOR 2019, New Orleans, LA, USA
Value in Health, Volume 22, Issue S1 (2019 May)
Code
PBI9
Topic
Economic Evaluation
Topic Subcategory
Budget Impact Analysis
Disease
Biologics and Biosimilars