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What strategies should be employed to win
in Biosimilars?
- Santhosh R
Currently ‘affordability’ and ‘market access’ define biosimilars
Situation Analysis
Unmet Needs
- Market access
- Low cost
- Familiar
- More data
- More experience
- Better managed care coverage
- Low cost
Points of
parity
White
space
Competitor
Strengths of
difference
Our
Strengths of
difference
- Unawareness
- Need for data
- Lack of pathways
- Price increase
- Specialty drugs
are expensive
Our
disequity
Common
disequity
Competitor
disequity
There is a need for a holistic approach to succeed in this
market environment
Current Area of Analysis Growth Question
Ability to provide price discounts
How do we identify, build, and defend differentiation that is meaningful to
stakeholders?
Efficacy, safety data How do we develop points of parity to remain “at parity”?
Competitors familiarity
Should we neutralize competitors differentiation? If so, how? Or should we live
and let live
Biosimilars Unawareness
Lack of data
How do we improve reduce, eliminate disequities? Or can we reveal equities
that stakeholders are unware of?
Dosage / ease of admin. How can we identify new growth ideas around patients unmet needs?
Payer Physicians Patients
Need for a Holistic Approach to Win in Biosimilars Market
Regulatory Authorities
 FDA is cautious
 Safety to be top priority for FDA Consideration of Biosimilars.
 Requires switching studies for interchangeability
 Only 4 products in the market
 Working closely with Alliance for Patient Access and patient
advocacy groups to urge positive FDA policies
Many biologics are administered by physicians; therefore, more emphasis will
have to be directed at the physicians than was the case with small-molecule
generics
PrescribingMotivation
HighLow
High
Low
Awareness
 $$$ High Spending
 Early adopters
 Influenzers
Strong EmbracersIn Denial
Uninformed Patient-Centric
 $$$ High Spending
 Use digital strategies
 Education campaigns
 Develop and deliver content backed
by sources these physicians trust—
such as specialty societies and KOLs
 $ Low Spending
 Future adaptors
 Use digital strategies
 Education campaigns
 Develop and deliver content backed
by sources these physicians trust—
such as specialty societies and KOLs
 $$ Moderate Spending (short-term)
 Focus on the topics most likely to
inspire behavior change, such as
safety/efficacy information and
regulatory guidelines /best practices
 Develop and deliver content backed
by sources these physicians trust—
such as specialty societies and KOLs
 Create a road map for leveraging brand opportunities
Carefully constructed incentive from public and private payers
/ PBMs could boost biosimilar utilization significantly
Long-termTraditional
Economic Focus
Clinical/Health Focus
Launching a
product at a
lower price
Health
outcomes
story
Value story
and
supporting
evidence
Low cost-
sharing tiers
in formulary
Providing
Annuity
benefits
Improved
quality of
healthcare
services
Rebates,
Refunds,
Discounts
Clinical
positioning
Risk sharing
(Outcome-
based)
Healthcare
rationalization
Treatment
pathway
analytics
Head-on
trial data
Reduce Co-
pay or
eliminate
Companies need to instill confidence & awareness in patients
just like they do with other stakeholders
Presentation /
Diagnosis
Referrals
Treatment
Choice
Access
Maintenance /
Switch
DTC campaigns to educate patients about your biosimilar
 Website (e.g. https://www.merckclarifiesbiosimilars.com/)
 Workshops
 Newspaper, Magazine, TV, Radio
Develop and make available to all patients accurate, balanced,
and evidence-based information about your product Continuity of
support services:
Phone hotlines,
access to nurses,
online information,
co-pay cards and
other services
typically offered by
innovators.
Demonstrate
patient outcomes
and reinforce value
proposition.
Work alongside advocacy groups to develop patient education
programs that provide information necessary to patients to make
informed decisions.
 Risk-benefit
 Cost-savings
 Manufacturing quality, consistency
 Pharmacovigilance reports
Potential Benefit to Optimal Care
Low High
Launch biosimilars in emerging markets before developed
markets to develop strong post-marketing data
Market Attractiveness
EaseofDoingBusiness/SupportingRegulatory
Low High
High
Potential Quick Wins Target Short-term
Long-term PotentialLow Priority
US
India
China
Brazil
Mexico
South Korea
Turkey
South Africa
EU5 CountriesLocal
Partnerships
/ Tender
driven
Southeast Asia
Africa
Latin America
Hungary
Greece
Poland
Sweden
Norway
Japan
Reg. policies
in
development
Established
Manufacturing biosimilars requires scientific expertise and
experience
Scale up Acquisition Collaboration
 Scale up your R&D
manufacturing
capabilities
 Logical extension to
your existing business
 Build deep knowledge
base
 Acquire companies
with large-scale
production facilities like
the CMOs
 Acquire
biopharmaceutical
companies
 Access to production
technologies
 Access to
manufacturing
capabilities
 Local market access
 Full drug development capabilities & infrastructure required – process development &
biosimilars manufacturing
 High barriers to entry with $50mn - $500mn long term investments
 Need to adequately produce and supply consistent batches
 Design and characterize product early and strategically
 Improving easy of administration / dosing
Large companies have significant experience and have considerable advantage of new companies.
 Integrate in-country teams
 Fill gaps in various support areas by appropriate consultants
 Form oversight committee to support project team
Success Checklist
 Patient Awareness
 Are patients aware of
 biosimilars?
 your product?
 your product differentiations? Cost vs. quality?
 Physician Perception / Awareness
 How likely are physicians to prescribe your product?
 Are they aware of your product?
 Risk-benefit
 Ease of administration / dosing convenience, others
 Payer / PBM
 How likely are payers
 to add your product in lower-tier in formularies?
 promote your product?
 Global Strategy
 How many countries have you planned to launch the product?
 Local partnerships?
 Market Adoption
 What is the market uptake?
Thank you.
Connect santhu.hi@gmail.com

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What strategies should be employed to win in Biosimilars?

  • 1. What strategies should be employed to win in Biosimilars? - Santhosh R
  • 2. Currently ‘affordability’ and ‘market access’ define biosimilars Situation Analysis Unmet Needs - Market access - Low cost - Familiar - More data - More experience - Better managed care coverage - Low cost Points of parity White space Competitor Strengths of difference Our Strengths of difference - Unawareness - Need for data - Lack of pathways - Price increase - Specialty drugs are expensive Our disequity Common disequity Competitor disequity
  • 3. There is a need for a holistic approach to succeed in this market environment Current Area of Analysis Growth Question Ability to provide price discounts How do we identify, build, and defend differentiation that is meaningful to stakeholders? Efficacy, safety data How do we develop points of parity to remain “at parity”? Competitors familiarity Should we neutralize competitors differentiation? If so, how? Or should we live and let live Biosimilars Unawareness Lack of data How do we improve reduce, eliminate disequities? Or can we reveal equities that stakeholders are unware of? Dosage / ease of admin. How can we identify new growth ideas around patients unmet needs? Payer Physicians Patients Need for a Holistic Approach to Win in Biosimilars Market Regulatory Authorities  FDA is cautious  Safety to be top priority for FDA Consideration of Biosimilars.  Requires switching studies for interchangeability  Only 4 products in the market  Working closely with Alliance for Patient Access and patient advocacy groups to urge positive FDA policies
  • 4. Many biologics are administered by physicians; therefore, more emphasis will have to be directed at the physicians than was the case with small-molecule generics PrescribingMotivation HighLow High Low Awareness  $$$ High Spending  Early adopters  Influenzers Strong EmbracersIn Denial Uninformed Patient-Centric  $$$ High Spending  Use digital strategies  Education campaigns  Develop and deliver content backed by sources these physicians trust— such as specialty societies and KOLs  $ Low Spending  Future adaptors  Use digital strategies  Education campaigns  Develop and deliver content backed by sources these physicians trust— such as specialty societies and KOLs  $$ Moderate Spending (short-term)  Focus on the topics most likely to inspire behavior change, such as safety/efficacy information and regulatory guidelines /best practices  Develop and deliver content backed by sources these physicians trust— such as specialty societies and KOLs  Create a road map for leveraging brand opportunities
  • 5. Carefully constructed incentive from public and private payers / PBMs could boost biosimilar utilization significantly Long-termTraditional Economic Focus Clinical/Health Focus Launching a product at a lower price Health outcomes story Value story and supporting evidence Low cost- sharing tiers in formulary Providing Annuity benefits Improved quality of healthcare services Rebates, Refunds, Discounts Clinical positioning Risk sharing (Outcome- based) Healthcare rationalization Treatment pathway analytics Head-on trial data Reduce Co- pay or eliminate
  • 6. Companies need to instill confidence & awareness in patients just like they do with other stakeholders Presentation / Diagnosis Referrals Treatment Choice Access Maintenance / Switch DTC campaigns to educate patients about your biosimilar  Website (e.g. https://www.merckclarifiesbiosimilars.com/)  Workshops  Newspaper, Magazine, TV, Radio Develop and make available to all patients accurate, balanced, and evidence-based information about your product Continuity of support services: Phone hotlines, access to nurses, online information, co-pay cards and other services typically offered by innovators. Demonstrate patient outcomes and reinforce value proposition. Work alongside advocacy groups to develop patient education programs that provide information necessary to patients to make informed decisions.  Risk-benefit  Cost-savings  Manufacturing quality, consistency  Pharmacovigilance reports Potential Benefit to Optimal Care Low High
  • 7. Launch biosimilars in emerging markets before developed markets to develop strong post-marketing data Market Attractiveness EaseofDoingBusiness/SupportingRegulatory Low High High Potential Quick Wins Target Short-term Long-term PotentialLow Priority US India China Brazil Mexico South Korea Turkey South Africa EU5 CountriesLocal Partnerships / Tender driven Southeast Asia Africa Latin America Hungary Greece Poland Sweden Norway Japan Reg. policies in development Established
  • 8. Manufacturing biosimilars requires scientific expertise and experience Scale up Acquisition Collaboration  Scale up your R&D manufacturing capabilities  Logical extension to your existing business  Build deep knowledge base  Acquire companies with large-scale production facilities like the CMOs  Acquire biopharmaceutical companies  Access to production technologies  Access to manufacturing capabilities  Local market access  Full drug development capabilities & infrastructure required – process development & biosimilars manufacturing  High barriers to entry with $50mn - $500mn long term investments  Need to adequately produce and supply consistent batches  Design and characterize product early and strategically  Improving easy of administration / dosing Large companies have significant experience and have considerable advantage of new companies.  Integrate in-country teams  Fill gaps in various support areas by appropriate consultants  Form oversight committee to support project team
  • 9. Success Checklist  Patient Awareness  Are patients aware of  biosimilars?  your product?  your product differentiations? Cost vs. quality?  Physician Perception / Awareness  How likely are physicians to prescribe your product?  Are they aware of your product?  Risk-benefit  Ease of administration / dosing convenience, others  Payer / PBM  How likely are payers  to add your product in lower-tier in formularies?  promote your product?  Global Strategy  How many countries have you planned to launch the product?  Local partnerships?  Market Adoption  What is the market uptake?

Editor's Notes

  1. While biosimilar sponsors in the U.S. have to file adverse event reports like any other drug company, they don’t have to do the extensive post-market testing and observational studies that many of the reference biologics must undergo. Other countries have more stringent post-market regulations. In Japan, for instance, a sponsor must submit biweekly reporting for every patient taking the biosimilar for the first six months following approval. Australia subjects biosimilars to the same post-registration and pharmacovigilance requirements as the reference product. And India requires periodic safety update reports every six months for the first two years following approval of a biosimilar and then once a year for the next two years. Biosimilar sponsors in India also have to conduct at least one post-market safety and immunogenicity trial.