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Generics save US 1.5 trillion over last 10 years

Generics have saved consumers and the US healthcare system US$239 billion in 2013 and have saved the US nearly US$1.5 trillion between 2004 and 2013, according to a report by the Generic Pharmaceutical Association (GPhA) [1].

Generics and biosimilars contribute to European drug savings

As governments around the world try to rein in healthcare expenses, generics and biosimilars can play a major role in reducing this budgetary burden [1].

Elderly patients in US lack knowledge on biosimilars

A survey conducted by patient advocacy group RetireSafe finds that seniors are largely unaware of biosimilars and that they overwhelmingly support strong patient safeguards and notification of patients and physicians when biosimilar substitution takes place.

Global and domestic biosimilars players increasing

The number of players in the biosimilars field is increasing with both originator and generics manufacturers devoting resources to biosimilars. This applies to global companies as well as to domestic players [1].

Biosimilars in emerging markets

Less strict or ‘relaxed’ regulatory requirements for biosimilars in some emerging markets are driving the proliferation of non-originator biologicals [1].

Biosimilar events from 2012 to 2014

The last few years have seen biosimilars the hot topic on the agenda of most countries. This is evidenced by the increasing number of biosimilars manufacturers as well as approvals for biosimilars around the world [1].

Use of biosimilars in Europe differs across countries

In Europe, the use of biosimilars exhibits different rates in different countries. This can lead to inequalities in access to biologicals, for instance, for the treatment of autoimmune diseases such as arthritis [1].

Healthcare providers concerned about FDA’s generics labelling rules

A survey by the Generic Pharmaceutical Association (GPhA) and the National Coalition on Healthcare (NCH) has revealed that healthcare providers have serious concerns about the US Food and Drug Administration’s (FDA) proposed new rules for generics labels.

Biologicals dominate Europe’s best sellers

The landscape of blockbuster medicines in Europe has been changing over the last years from small molecule drugs to biologicals.

Factors supporting a sustainable European biosimilars market

Factors that will support a sustainable biosimilars market in Europe include education, encouraging competition, publication of real-world evidence and transparent decision-making processes, according to a report published by the European Generic medicines Association (EGA).

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