STAKEHOLDER EVIDENCE REQUIREMENTS AND PRICE EXPECTATIONS FOR BIOSIMILARS IN THREE ASIAN MARKETS
Author(s)
Akpinar P1, Saraf S1, Severi Bruni D2, Li X3, Liu C4, Sherwin G1
1ICON Pricing and Market Access, London, UK, 2ICON Pricing and Market Access, San Francisco, CA, USA, 3ICON Commercialisation & Outcomes, London, UK, 4ICON Pricing and Market Access, New York, NY, USA
OBJECTIVES: Between 2011 and 2015, 32 biologics valued at more than $55 billion are expected to lose patent protection across the world (Datamonitor 2011). The biologics patent cliff has presented a huge opportunity for biosimilar manufacturers. In the context of this growing biosimilars market, this research aimed to investigate the regulatory environments and the evidence (clinical, economic and humanistic) requirements to support reimbursement and prescription of biosimilar drugs in three Asian markets (Japan, South Korea and China). METHODS: We conducted secondary research to review the macroeconomic factors impacting biosimilar entry (regulatory policy, intellectual property protection etc.) Payer/ physician guidance and positions on biosimilar use across markets and diseases were also reviewed. Following this, primary research was conducted with a mix of payers and physician stakeholders to understand:
- The therapy areas that payers/physicians consider most attractive for biosimilars;
- Payer/physician value drivers and evidence requirements (bioequivalence, comparative data etc.) across therapy areas that would support public reimbursement and prescription
- Expectations around price differentials vs. branded biologics and the implications these differentials have on access and utilization of biosimilars
Conference/Value in Health Info
2014-09, ISPOR Asia Pacific 2014, Beijing, China
Value in Health, Vol. 17, No. 7 (November 2014)
Code
PMS28
Topic
Health Policy & Regulatory, Health Service Delivery & Process of Care
Topic Subcategory
Prescribing Behavior, Pricing Policy & Schemes, Reimbursement & Access Policy
Disease
Musculoskeletal Disorders, Oncology, Sensory System Disorders, Systemic Disorders/Conditions