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The Importance of Generic Drugs in Healthcare Generic drugs offer several benefits to patients and the healthcare system: Cost-effectiveness: Generic drugs are typically much cheaper than brand-name medications, making treatment more accessible to patients. Food and Drug Administration. ” FDA.gov, 2021.
As 2025 begins, we would like to reflect on last years regulatory developments in the biologics and biosimilars space. There were also 18 FDA approvals of biosimilar products , including 6 ustekinumab biosimilars and 5 aflibercept biosimilars in 2024 alone. Here are some of the top regulatory developments from 2024.
Drugprices to plummet in wave of expiring patents”. Price decay after loss of brand exclusivity”. These are just three headlines that come up when you Google “drug patent expiry”. In late 2017, the FDA approved Admelog, Sanofi’s biosimilar of Humalog. “Patent losses could sink Allergan”.
This includes clear communication about how AI tools are used in clinical and administrative Transparency fosters trust and empowers patients and providers to actively participate in care decisions. 38 Furthermore, CMS should include manufacturer rebates in the definition of “negotiated price.”
There are also strict price controls, which in some cases can limit profitability for manufacturers. Brazilian public spending on healthcare, drugpricing reforms and remote medicine. Despite this, Brazil’s trade protectionist policies mean that there are few pharmaceutical companies of international origin within the country.
The topic of inflation overlaps with drugpricing strategy themes. Policymakers are attempting to respond to inflation crises by introducing new frameworks on the regulation of drugprices. Similar echoes are heard in Europe, where pressure to curb price growth will stay a priority.
The topic of inflation overlaps with drugpricing strategy themes. Policymakers are attempting to respond to inflation crises by introducing new frameworks on the regulation of drugprices. Similar echoes are heard in Europe, where pressure to curb price growth will stay a priority.
In a bit to challenge the market dominance of AbbVie’s Humira (adalimumab), the online pharmacy Cost Plus Drugs, owned by billionaire Mark Cuban has announced a plan to market Coherus Biosciences’ biosimilar Yusimry (adalimumab-aqvh), Cost Plus Drugs will be offering Yusimry at $569 per unit, excluding shipping and dispensing charges.
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