Le Lézard
Classified in: Health
Subject: CPG

Canadian Biosimilars Forum Applauds B.C. Government's Landmark Decision to Enhance Adoption of Biosimilars and Calls on Remaining Provinces to Follow


TORONTO, May 27, 2019 /CNW/ - The Canadian Biosimilars Forum today commends the Government of British Columbia (B.C.) for taking a decisive step toward enhancing patient care by implementing well-controlled, one-time transitions of those patients currently using a reference biologic drug to its biosimilar. Through this policy move, we believe B.C. will secure significant savings that could be reinvested in expanding access to existing therapies and accelerating access to new medicines.

"The province's announcement underscores the value biosimilars can provide to patients and their physicians once a reference biologic medicine has lost market exclusivity, and we urge other provinces across the country to follow B.C.'s lead," said Jennifer Chan, a board member of the Forum and Vice President, Policy and External Affairs at Merck Canada.  

People Can Have the Same Confidence in the Quality, Safety and Efficacy of a Biosimilar as any Other Biologic Drug

Biosimilars are biologic drugs that Health Canada has found to be highly similar to a reference biologic drug already authorized for sale across the country.i Health Canada has stated that "patients and health care providers can have the same confidence in the quality, safety and efficacy of a biosimilar as any other biologic drug."ii

"We are pleased to see the government of B.C. take a policy decision that will help more patients access more of the medicines they need," said Frédéric Lavoie, a board member of the Forum and Vice President, Access and Government Relations at Pfizer Canada.

Enhancing Access and Delivering Significant Health Care System Savings

Beyond their immediate benefits to patients and physicians, biosimilars can also provide important relief to health care systems struggling to keep up with the rising cost of biologic treatments.  Biologics are one of Canada's fastest-growing segments of pharmaceutical spending, accounting for sales of $7.6B in 2017.iii Currently, biologics account for 35.5 percent of total brand prescription sales in this country, including seven out of the top 10 pharmaceutical drugs.iv 

"For provinces already dealing with stretched health care budgets, biosimilars offer a unique opportunity to capture savings that can be invested in new treatments and medical services," said Karine Matteau, a board member of the Forum and Executive Director & Head of Biopharmaceuticals at Sandoz Canada.   

Canada is Catching Up with the World

Biosimilars have been used across Europe for more than a decade and have generated over 700 million patient days of clinical experience.v To date, 13 countries (including Finland, Norway, Ireland, UK, Denmark, Germany, Netherlands, Belgium, France, Portugal, Poland, Czech Republic, and Slovakia) already support policies to transition patients from a reference biologic medicine to its biosimilar.vi

Other Provinces Should Follow B.C.'s Lead

Despite the benefits biosimilars can offer, the use of these medicines in Canada remains low. Canadian provinces now have a unique opportunity to follow B.C.'s lead and take the foundational steps required to create a long-term, competitive biosimilars industry that expands and accelerates access to these medicines while supporting the sustainability of health care systems across the country.

The Forum encourages other provinces to work with physicians to implement policies that support well-controlled, one-time transitions of those patients currently using a reference biologic drug to its biosimilar. These transitioning strategies should be accompanied by the same extensive stakeholder engagement and robust education programs that are hallmarks of B.C.'s approach.

About the Canadian Biosimilars Forum

The Canadian Biosimilars Forum is an alliance of companies representing the breadth of the biosimilars industry who came together to educate and inform Canadians about the opportunity and the evidence regarding biosimilars and to create the path to a robust, sustainable and competitive Canadian biosimilars market.  The Forum membership today includes Merck Canada, Pfizer Canada, Sandoz Canada and Teva Canada.

The Forum is focused on accomplishing three fundamental goals: first, providing evidence-based information to inform and support public policies that encourage access and adoption of biosimilars; second, raising awareness of biosimilars ? and their distinctiveness ? and serving as a credible resource for timely and unbiased information regarding biosimilars; and third, providing an opportunity for companies developing biosimilars for Canada to work with key stakeholders on topics instrumental to biosimilars and patient care. For more information, please consult the Canadian Biosimilars Forum website.

____________________________________________
i Health Canada.  Fact Sheet: Biosimilars. Accessed August 13, 2018. Available at: https://www.canada.ca/en/health-canada/services/drugs-health-products/biologics-radiopharmaceuticals-genetic-therapies/applications-submissions/guidance-documents/fact-sheet-biosimilars.html
ii Health Canada.  Fact Sheet: Biosimilars. Accessed August 13, 2018. Available at: https://www.canada.ca/en/health-canada/services/drugs-health-products/biologics-radiopharmaceuticals-genetic-therapies/applications-submissions/guidance-documents/fact-sheet-biosimilars.html
iii IQVIA PharmaFocus 2021 Update: Section 9 The Business of Pharmaceutical, November 2017 ? p.116
iv IQVIA PharmaFocus 2021 Update: Section 9 The Business of Pharmaceutical, November 2017 ? p.116
v Medicines for Europe, Biosimilar Medicines, 2018. Accessed July 12, 2018. Available: www.medicinesforeurope.com/biosimilar-medicines
vi Biopharma Report, Biosimilar Switching, Interchangeability and Substitution?the EU View. Accessed July 12, 2018. Available: www.biopharma-reporter.com/Article/2017/03/21/Biosimilr-switching-interchangeability-and-substitution-the-EU-view

SOURCE Canadian Biosimilars Forum


These press releases may also interest you

at 02:47
IRLAB announced today that Prof. Per Svenningsson, on behalf of IRLAB, will be presenting a poster titled "A phase IIa trial studying the safety and tolerability of IRL752 in patients with Parkinson's disease dementia" at the 2019 International...

at 02:21
The world's leading online healthcare ecosystem platform, Ping An Healthcare and Technology Company Limited ("Ping An Good Doctor"; stock code: 01833.HK) announced on 23 September that the number of registered users on Ping An Good Doctor exceeded...

at 02:05
Vedanta Biosciences, a clinical-stage company developing a new category of therapies for immune-mediated diseases based on rationally-defined consortia of human microbiome-derived bacteria, today announced a $16.6 million Series C-2 financing round,...

at 02:05
Masimo announced today that in a study published in Injury, researchers used Masimo SpHb® ? noninvasive, continuous hemoglobin monitoring ? to investigate possible delays in the detection of perioperative anemia assessed using invasive, intermittent...

at 02:04
Nextleaf Solutions Ltd. ("Nextleaf", "OILS", or the "Company")   announced today it has entered into an agreement to acquire intellectual property pertaining to water-soluble cannabinoid formulations. Based around a Nano and Micro...

at 02:00
The Innovative Invention Pavilion at the Taiwan Innotech Expo (TIE), co-hosted by the Ministry of Science and Technology and the Ministry of Education and executed by Industrial Technology Research Institute, will be held at Taipei World Trade Center...



News published on 27 may 2019 at 14:00 and distributed by: