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Biosimilars need a policy boost, experts say


Biosimilars need a policy boost, experts say
Modern Healthcare Illustration / Getty Images
Physicians and patients are warming up to biosimilars but policy tweaks are needed to boost utilization, industry observers said.
Around three-quarters of physicians see biosimilars as equally safe and effective as their corresponding biologic and 71% of patients are willing to take them with a doctor s recommendation, according to a new NORC at the University of Chicago survey of more than 1,200 physicians and patients. But the therapies adoption has been slowed by price manipulation and patent litigation.
While biosimilars are cheaper than biologics, drug manufacturers have heavily discounted the price to payers and offered coupons to patients to lower out-of-pocket costs, effectively eliminating any cost incentives, said Caroline Pearson, senior vice president at NORC at the University of Chicago. ....

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