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Session 4: A Success of Our Own: How Do We Define the U.S.’ Biosimilar Success Story?
Session Chair(s)
Leah Christl, PHD
Exec Director, Global Biosimilars Regulatory Affairs & Regulatory & R&D Policy, Amgen, United States
Tiffany Fletcher, MA
Head of Global Access Policy, Viatris, United States
The Biologics Price Competition and Innovation Act was signed into law on March 23, 2010 creating an abbreviated approval pathway for biosimilar medicines. The first biosimilar was approved in the US in 2015. As of today, FDA has approved 26 biosimilars and 17 have launched into the US market. As we analyze how the market has developed over the last 10 years, it is important to understand the progression of the market and answer an important question: What does success look like for the biosimilars in the U.S.? We will discuss the following:
- What are the metrics of success?
- Does the measure of success differ between product types, sites of care, disease states, & stakeholder groups?
- What is the vision of success that is or is not being met today?
- What is the U.S.’ definition of biosimilar market “equilibrium”? (i.e., the balance between success and failure)
- In what ways are biosimilars addressing health disparities and access to care, and should this factor into the evaluation of success?
- How are biosimilars laying the groundwork for the appropriate amount of reinvestment in innovation?
Learning Objective : - Evaluate the current development of the biosimilar market in the U.S.
- Define the appropriate metrics to measure the success/failure of the US biosimilars market
- Analyze the impact of biosimilar competition in the US on market access and healthcare economics
- Compare/contrast the differing levels of success for the different products and sites of care
- Create a framework for assessing the future success of biosimilars in the U.S.
Speaker(s)
Ronny Gal, PHD
Senior Research Analyst, AllianceBernstein LP, United States
Speaker
Chad Pettit, MBA
Executive Director, Marketing, Global Biosimilars Commercial Lead, Amgen Inc., United States
Speaker
Chrys Kokino, MBA
Head of Global Biologics Commercial, Accord BioPharma, United States
Speaker
Kevin Brian Knopf, MD, MPH
Division Chief Hematology/Oncology, Highland Hospital, United States
Speaker
Mohannad Kusti, MD, MPH
Regional Medical Director, Pivot Onsite Innovations, United States
Speaker
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