Commercial Technologies manages the enterprise's portfolio of commercial technologies to maximize the business value of the technologies and . According to Cardinal Health's research, 76% of rheumatologists are "very familiar" with biosimilars, up from 53% in the 2020 report, and 62% are "very comfortable" prescribing biosimilars,. Vaux-le-Vicomte celebrates Christmas! Biosimilars are forecasted to deliver more than $133 billion in aggregate savings by 2025. In 2021, President Biden demonstrated strong support for biosimilars. While the data requirements for biosimilar approvals differ from requirements for reference biologics, biosimilars have equally rigorous approval standards. Cardinal Health released its third edition of Rheumatology Insights, a research report based on surveys with more than 100 rheumatologists nationwide that focuses on key trends impacting one of the fastest-growing areas of specialty medicine. All biosimilars whether interchangeable or not meet the same rigorous regulatory standards for approval set by the FDA. 3. What Technology Product Management contributes to Cardinal Health. Finally, with more than 15 years and two billion patient days of biosimilars experience in the EU, sharing of global resources and data represents one of the greatest opportunities to strengthen biosimilar acceptance in the U.S. We expect RWE to play a key role in advancing the development and approval of biosimilars that are still early in the pipeline, and to provide data to help products meet the regulatory standards necessary for interchangeability designation. RWE studies also will provide valuable insights into whether switching patients between biosimilars of the same molecule has an impact on patient outcomes; that will become a more important question as more biosimilars come to market specifically in categories such as immunology where there could be seven or more biosimilars referencing a single branded product. All rights reserved. Location: Dublin, OH. Discover the best of Paris and its region: museums, monuments, shows, gastronomy, parks and gardens, shopping spots, and our selection of themed tours to discover Paris Region as you wish. As one of the largest healthcare distributors in the U.S., Cardinal Health has broad access to commercially available biosimilars, as well as a deep understanding of the clinical and economic issues related to biosimilars and their reference products. Public transport in Paris and le-de-France: itinerary planner; metro, RER and bus maps; information on: traffic, fares, hours, areas As President of Cardinal Health Specialty Solutions, Heidi Hunter leads the specialty health care business that helps providers and pharmaceutical companies optimize business success and drive improved patient care. DUBLIN, Ohio, Feb. 7, 2022 /PRNewswire/ -- Today Cardinal Health published its 2022 Biosimilars Report: The U.S. Q: If biosimilars are much more affordable, why are they not more widely used? 10/19/2022. We provide the education, analytics and technology to help care providers and pharmacy networks make informed decisions about how they can adopt biosimilars. Use of biosimilars will reach new therapeutic areas and new sites of care in 2022, as the industry prepares for competition with Humira, the top-selling drug in the worldan event that will mark a seismic shift not only in the pharmaceutical marketplace but across health care, according to a new report from Cardinal Health.. With an average per-patient annual cost of $2,000 per treatment, the biotech industry is focused on developing more effective AMD therapies and delivering treatment options that lower the cost of care. To your calendars. Visit cardinalhealth.com for more information about Cardinal Health . Educational materials that contain information on Pharmacy Benefit Manager (PBM) guidelines and applicable state and federal pharmacy regulations. Visit cardinalhealth.com for more information about Cardinal Health, Biologics Price Competition and Innovation Act. We are already seeing how biosimilars are reducing costs: in 2020 alone biosimilars saved $7.9 billion (more than triple the $2.5 billion saved the prior year), with savings expected to grow significantly in the next few years as more biosimilars enter the market for new reference biologics. And the Centers for Medicare & Medicaid Services (CMS) may issue guidance to ensure that biosimilars are covered under Medicare Part D. CMS may also pursue additional policies, including the removal of prior authorizations and other utilization hurdles, and reductions in patient cost sharing in order to drive increased adoption. As momentum around biosimilars in the U.S. continues to accelerate, patients will experience expanded benefits through broader access to and affordability of life saving medications. DUBLIN, Ohio, Oct. 19, 2022 /PRNewswire/ -- Today, Cardinal Health (NYSE: CAH) released its third edition of Rheumatology Insights, a research rep. 2022 MJH Life Sciences and Center for Biosimilars. We are already seeing how biosimilars are reducing costs: in 2020 alone biosimilarssaved $7.9 billion(more than triple the $2.5 billion saved the prior year), with savings expected to grow significantly in the next few years as more biosimilars enter the market for new reference biologics. A:The FDA requires biosimilars to meet rigorous approval standards, which means patients and healthcare professionals can be assured of their safety, efficacy and quality just as they would the reference products. The market entrance of biosimilars leads to greater competition, thereby lowering costs and increasing accessibility and affordability of these critical treatments. Cardinal Health recently conducted a survey of more than 100 rheumatologists asking their feelings about biosimilars, and the findings revealed that the majority of them were familiar with and comfortable prescribing biosimilars. Contacts The report was based on research from Cardinal Healths web-based surveys conducted from July to August 2022 that included over 100 rheumatologists from community- and hospital-based practices across the United States. (The remaining products have delayed launches primarily due to patent litigation settlements between the reference biologic and biosimilar companies.) @2017 Cardinal Health. The impact on the rheumatology and immunology market could be dramatic not just for Humira, but for all immunology therapies in the class, including Janssens Stelara (ustekinumab) and Genentechs Actemra (tocilizumab), which are also expected to face biosimilar competition over the next few years. When patent exclusivity ends, that opens the door for Food and Drug Administration (FDA)-approved biosimilars which, like biologics, aremedicines made from living cells (such as yeast, bacteria or animal cells) and used to prevent and treat diseases. All rights reserved. The number of patients diagnosed with wet age-related macular degeneration (AMD), the worlds leading cause of blindness in older adults, continues to grow annually; the National Eye Institute predicts the number of cases will more than double by 2050. A:A biosimilar is just as safe and effective as an existing FDA-approved biologic (referred to as the "reference product"). Another factor is the innovator therapies that have recently launched or are expected to come to market soon to treat AMD, including Roches new port delivery system, Susvimo with ranibizumab, faricimab and several gene therapies in development. Welcome to the official website of the Paris Region destination. Interestingly, as the United States prepares for the market introduction of adalimumab biosimilars, 85% of respondents indicated they are at least somewhat comfortable with prescribing an adalimumab biosimilar once they become available. 2022 Cardinal Health. The year 2022 "is set to be a turning point," in the United . 5. Now that Semglee (insulin glargine-yfgn) is designated as interchangeable, pharmacists can substitute it in place of its reference product without prior prescriber approval, per state laws. Over the past seven years since the first biosimilar was approved in the U.S., biosimilars have been primarily focused on oncology and, to a lesser extent, rheumatology. A:It is no secret that the U.S. healthcare market is complex; more specifically, the payer dynamics which dictate how drugs are reimbursed is complex. Confidence in biosimilars has increased in some of the most widely-used medications. With so many biosimilars for HUMIRA (adalimumab) expected to launch beginning in 2023, our research suggests that these therapies will make quite an impact on the overall treatment paradigm for patients with rheumatic conditions, said Sonia Oskouei, PharmD, BCMS, DPLA, vice president of biosimilars at Cardinal Health, in a statement about the report. A:Today, there are 31 FDA-approved biosimilars in the U.S., 20 of which are available on the market. Cardinal Health (NYSE: CAH) was awarded a $57.8 million contract, including options that if exercised by the U.S. Department of Health and Human Services (HHS) could reach $91.6 million, for the At Cardinal Health, we provide the products, services and digital solutions to address health cares most complicated challenges. Apart from its numerous motorways and rail links, it . Information about Cardinal Health is available atcardinalhealth.com. Because they are made from living cells, there is inherent variability associated with them; they cannot be replicated identically, and that is why they are called "biosimilars." Visit cardinalhealth.com for more information about Cardinal Health, https://www.prnewswire.com/news-releases/cardinal-health-predicts-2022-to-be-turning-point-for-biosimilars-in-the-us-301476008.html, U.S. biosimilar adoption and market share data, A synopsis of key biosimilar milestones in 2021, Payer coverage trends of biosimilars by therapeutic area, The pipeline of biosimilars expected to launch in the U.S., 2022-2029. 2022 Cardinal Health. The promise of biosimilars rests on the twin pillars of affordability and accessibility. Cardinal Health is a multinational health care services company that specializes in the distribution of pharmaceuticals and medical products. A:Making high-quality healthcare accessible to all Americans is one of the most significant challenges facing the U.S. healthcare system. The report delivers robust data and insights on where biosimilar adoption stands today in the U.S. and what is expected in 2022 and beyond as biosimilars come to market in key disease categories such as diabetes and immunology. It also can mean that millions of U.S. diabetes patients may soon have access to high-quality, lower-cost treatment options for insulins. Q: If biosimilars are not exactly the same as their reference products, how do we know they will work the same way in patients? The legacy Cardinal.com Medical Ordering site has been replaced with Cardinal Health Market, Top feature box IMAGE ONLY - COMPANY NEWS, Dont miss out on any of our health care reporting: Subscribe today, Visit cardinalhealth.com for more information about Cardinal Health, Cardinal Health awarded Strategic National Stockpile contract for PPE storage and distribution. 495 articles with Cardinal Health. However, 54% still answered agree or strongly agree., Confidence around the use of janus kinase (JAK) inhibitors wavered a bit in light of the FDA placing black box warnings on these products. Information about Cardinal Health is available at . This is really exciting: The expansion of biosimilars into these new product categories, and into retail pharmacies, may represent a tipping point for widespread adoption of biosimilars across the U.S. over the next few years. Beginning next year, AbbVies Humira (adalimumab) the all-time top selling drug in the world will face competition from as many as seven biosimilar competitors that have already received FDA approval, and from several more candidates in the pipeline. About Cardinal Health Cardinal Health (NYSE: CAH) is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. Since then, 30 additional biosimilars, spanning the therapeutic areas of oncology, rheumatology, diabetes and, most recently, ophthalmology, have gained approval. ContactsMedia: to request a copy of the report, please contact Marcia Frederick, marcia.frederick@cardinalhealth.com and (614) 757-9968. Our procedural lab solutions drive strategic decision-making using advanced predictive analytics. Date Posted: 11/1/2022. Q:What does "interchangeability" mean and why it is important? October 30, 2022. Similarly, 62% of rheumatologists in 2022 said that they felt very comfortable prescribing a biosimilar to their patients vs 41% in 2020. A large Disneyland theme park in Marne-la-Valle also is a significant tourist draw. Amy Valley, vice president of clinical strategy and technology solutions at Cardinal Health, details the company's Decision Pathway, a health information technology (IT) tool that can assist practices with prescribing patients the lowest-cost product, including biosimilars. Industry analysts say that biosimilars are on track to reduce U.S. drug costs by $133 billion by 2025. A version of this article first appeared in the 2022 Cardinal Health Biosimilars Report: The U.S. In addition, only 20% say they are very familiar with the FDA's interchangeability designation, which enables them to substitute insulin biosimilars in place of reference biologics, indicating a significant need for further education among pharmacists. Some companies have added new formulations and delivery mechanisms, such as autoinjector devices, which, in addition to providing patients with more treatment options, also extend patent protection. View original content to download multimedia:https://www.prnewswire.com/news-releases/cardinal-health-predicts-2022-to-be-turning-point-for-biosimilars-in-the-us-301476008.html, New report includes research findings on insulin biosimilars use among retail pharmacists and physicians. In addition, research conducted with ophthalmologists and retina specialists in 2021 shows a high level of skepticism about biosimilars, indicating a strong need for education and additional outcomes data to help build confidence among prescribers. In recognition of the second annual Global Biosimilars Week a social media awareness campaign to help build understanding of and advocacy for biosimilars we spoke with Sonia T. Oskouei, PharmD and Cardinal Health's Vice President of Biosimilars. At Cardinal Health, we provide the products, services and digital solutions to address health cares most complicated challenges. Industry analysts say that biosimilars are on track to reduce U.S. drug costs by $133 billion by 2025. Among the featured research are results from a new insulin biosimilar survey with retail pharmacists showing that only about 40% feel very prepared to discuss biosimilars with patients. ( Chart last updated on Feb 28, 2022) Download a full list of all FDA-approved biosimilars here Cardinal Health Predicts 2022 to be Turning Point for Biosimilars in the U.S. Don't miss out on any of our health care reporting: Subscribe today At Cardinal Health, we provide the products, services and digital solutions to address health care's most complicated challenges. Journey and Path Ahead, a publication that brings together the latest industry data . The amount of respondents who disagreed with the statement Today, the economics of biosimilars are not favorable enough to motivate me to switch from the reference product, grew from 6% in 2020 to 15% in 2022. For example, according to a 2021 report from the House Committee on Oversight and Reform, the list price of Humira has increased 27 times, leading to a current price that is 470% higher than when the drug launched in 2003. 2022 MJH Life Sciences and Center for Biosimilars. Semglee (insulin glargine-yfgn), which is the first FDA-approved insulin biosimilar with an interchangeable designation to treat diabetes, will help lower costs for one of the most expensive drug categories on the market. 2022 is set to be a turning point in the U.S., as biosimilars expand into new therapeutic areas and sites of care, and as reimbursement models continue to evolve. Journey and Path Ahead, which brings together Cardinal Health health care provider survey results and the latest market data on biosimilar utilization and payer coverage, along with perspectives from leading physicians and industry experts. Importantly, this product which is expected to launch later this year will also be the first biosimilar available at retail pharmacies. Here are five trends I believe are particularly worth watching. Skylar Jeremias. Printable resources to be used by pharmacy staff to . 2. In addition, Cardinal Health Specialty Solutions works directly with biosimilar manufacturers to help them navigate the path toward clinical development, regulatory approval and commercialization. Regarding perception around biosimilars, 64% of respondents expressed that they feel that biosimilars positively impact rheumatology care and 47% said that they are excited about the growing number of biosimilars coming to the rheumatology space. In addition to the financial considerations, continued knowledge gaps among some key stakeholders (including providers and patients) regarding biosimilars can be a barrier to adoption. Confidence in biosimilars has increased in some of the most widely-used medications. To learn more, please read What are biosimilars? Of the 20 biosimilars available, 17 are used for treatments associated with cancers; the remaining three are used to treat autoimmune conditions. The lack of familiarity with biosimilars contributes to greater hesitancies with these products. Cardinal Health Predicts 2022 to be Turning Point for Biosimilars in the U.S. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, and science. We anticipate some may launch market conditioning and educational campaigns in 2022 to establish brand awareness and educate prescribers, patients and pharmacists in advance of the biosimilars arrival in 2023. As a result, when biosimilars come to market, branded biologic manufacturers will be in a position to offer deep rebates to payers and PBMs, which may in turn keep its net price on par with or even lower than biosimilar competitors. According to Cardinal Health's research, 76% of rheumatologists are "very familiar" with biosimilars, up from 53% in the 2020 report, and 62% are "very comfortable" prescribing biosimilars, compared to 41% in the 2020 report. Rheumatologists familiarity and confidence in biosimilars increased by about 20% between 2020 and 2022, suggesting that provider-targeted education efforts are effective and that rheumatologists are gaining real world experience with them, according to Cardinal Healths Rheumatology Insights report. Q: Why are biosimilars important to the U.S. healthcare system? Cardinal Health. However, biosimilars are on the verge of expanding into two new therapeutic areas: diabetes and ophthalmology. The 2022 Biosimilar Report also includes: The 2022 Biosimilar Report: The U.S. The Biologics Price Competition and Innovation Act was intentionally created with two key words in the name: "competition" and "innovation." By Heidi Hunter, President, Cardinal Health Specialty Solutions at Cardinal Health This week marks Global Biosimilars Week - a time when healthcare stakeholders around the world are raising awareness for the role that biosimilars can play in lowering costs of healthcare. Its likely that several branded biologic companies may introduce their own authorized biologic versions of products at lower prices ahead of biosimilars launches, which could protect patient share and help fend off competition. Several innovator biologic companies have taken steps to defend their market position by raising prices, creating new formulations or generating new innovative therapies. Note: Cardinal Health distributes biosimilars across all the sites of care where they are approved for use including physician offices, health systems and retail and specialty pharmacies nationwide. According to Cardinal Health's research, 76% of rheumatologists are "very familiar" with biosimilars, up from 53% in the 2020 report, and 62% are "very comfortable" prescribing biosimilars, compared to 41% in the 2020 report. Biosimilars advancements in the U.S. began when theBiologics Price Competition and Innovation Actwas enacted in 2010, which established an abbreviated pathway to FDA approval for biosimilars, with the aim of enabling greater patient access to lower-cost, high-quality products. Subscribe to our News Alerts and our Health Brief to get all of our latest news. 4. Hunter is an accomplished global health care leader with deep experience in innovation, development and commercialization of specialty pharmaceuticals. Features. Compared with the last report in 2020, rheumatologists are also more comfortable prescribing biosimilars to their patients, with 62% saying they are very comfortable in 2022 compared with 41% in . Biosimilar uptake in ophthalmology will be slow, as a focus on retinal care innovation continues Beyond 2022, the successful adoption of biosimilars will create broader health care access and lower costs for patients. Q: How does Cardinal Health work with biosimilars? le-de-France is the focus of France's various communications networks. As the first biosimilar product to fall under the pharmacy benefit in Medicare Part D, insulin will serve as the ultimate case study, revealing how managed care will evaluate and position these products and how payers and pharmacy benefit managers (PBMs) will design plans and formularies to deliver the greatest savings to patients. A lower cost of care may come with the launch of Byooviz (ranibizumab-nuna), the first biosimilar in ophthalmology, which was approved in September 2021 and is expected to launch in June this year. Insulin biosimilars will reveal how managed care stakeholders will respond to interchangeable biosimilars, and retail pharmacists will be positioned as key change agents In 2022, 76% of the surveyed rheumatologists reported being very familiar with biosimilars compared with 53% in 2020. Respondents reported that patient out-of-pocket cost is the key decision criteria for utilizing an adalimumab biosimilar, followed by clinical and/or real-world evidence studies and pharmacy benefit managers/payer coverage. Biosimilars manufacturers and commercial partners will increasingly turn to real-world evidence (RWE) to demonstrate equivalency to providers and payers Cardinal Health Predicts 2022 to be Turning Point for Biosimilars in the U.S. @2017 Cardinal Health. The approval process requires biosimilar manufacturers to submit data that demonstrates there is no clinically meaningful difference from the reference biologic. DUBLIN, Ohio, Nov. 4, 2021 /PRNewswire/ -- Biologics are the fastest growing class of drugs in the U.S.; they bring innovative, life-changing treatments to patients with cancer and chronic diseases. 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