The First Class of Biosimilars to Enter the U.S. Market Will Generate $1.8 Billion by 2023

BURLINGTON, Mass., Nov. 19, 2014 /PRNewswire/ -- Decision Resources Group finds that sales of biosimilar versions of the granulocyte colony-stimulating factors (G-CSFs) filgrastim, which is currently pending FDA approval, and pegfilgrastim could reach $1.8 billion in the United States by 2023. Medical oncologists and hematologist-oncologists surveyed in France and Germany indicated that they would prescribe future biosimilar G-CSFs, such as pegfilgrastim, to a significantly higher percentage of eligible patients compared with biosimilars of monoclonal antibodies (MAbs).

Other key findings from the Biosimilars Advisory Service report entitled Physician Perspectives on Granulocyte Colony-Stimulating Factors and Monoclonal Antibodies in Oncology:

• Rate of biosimilar uptake by oncologists: A greater proportion of surveyed oncologists indicated that they expect to start prescribing biosimilar G-CSFs within six months of availability, compared with biosimilar MAbs.
• Biosimilar preference: The majority of surveyed oncologists indicated that they have a preferred biosimilar filgrastim product and that preference is driven by which manufacturer they trust most.
• Influence of regulatory approval: The proportion of surveyed oncologists that indicated that regulatory approval would not allay all of their concerns about equivalence between a biosimilar and the reference brand was higher for MAbs than for G-CSFs.

Comments from Decision Resources Group Senior Director of Biosimilars Research Kate Keeping:

• "Filgrastim biosimilars have performed well in Europe, with sales exceeding the reference product in many countries. Now those biosimilars are on the verge of entering the U.S. market where we expect U.S. oncologists to swiftly adopt these tried and tested lower-cost alternatives to Amgen's Neupogen."
• "Surveyed oncologists' responses indicated that they view the use of biosimilars differently in a therapeutic setting, compared with a supportive-care setting."

Additional Resources:

On December 10, 2014, Decision Resources Group will present a webinar based on this report entitled Oncologists' Attitude Toward the Next Wave of Biosimilars. For more information, please contact Christopher Comfort at [email protected].

About Decision Resources Group
Decision Resources Group offers best-in-class, high-value information and insights on critical issues within the healthcare industry. Clients rely on this analysis and data to make informed decisions. Find out more at www.DecisionResourcesGroup.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Decision Resources Group
Christopher Comfort
781-993-2597
[email protected]

Logo - http://photos.prnewswire.com/prnh/20130103/MM36768LOGO

SOURCE Decision Resources Group

Related Links

http://www.decisionresourcesgroup.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED