S&S On Biotech
Conversations on the science and business of Biotechnology with Andy Smith and Cormac Sheridan.
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S&S On Biotech
1.7 Biosimilars. Have they delivered?
When I was a global product manager in big pharma, my US counterpart mentioned to me one day that “we do generics properly in the US, not like you do in Europe.” He meant that when a small molecule went generic in the US, and the 180-day first-to-file exclusivity expired, the former branded price was massacred. It was true, in the first year SmithKline’s Tagamet went generic, they lost 80% of sales. Why then does the same not happen for biosimilars, which are meant to be the generic equivalents of small molecule drugs after loss of exclusivity.
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