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How The Promise Of Biosimilars Has Evolved

Getting Creative For Commercial Success In The Biosimilars Market

 
• By Duncan Emerton

There is no doubt that biologics are the leading growth engine of global medicine spending. According to recent figures, revenues from biologics increased by 70% during 2011-2016 to reach $232bn, accounting for roughly 20-22% of total pharmaceutical spending. But as to the question of whether biosimilars can offer a solution to this affordability issue, that is tougher to answer.

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• Source: Shutterstock

In 2019 the biosimilars market became a teenager, having been "born" in April 2006, following the European Medicines Agency’s (EMA's) approval of its first biosimilar -Omnitrope, Sandoz’s growth hormone biosimilar.

In certain regions such as Europe, biosimilars have begun to deliver on their promise of making high-quality, safe and effective...

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