Biosimilars Governmental Regulation Flashcards
Private healthcare
Is highly unregulated
SHORT TERM GAIN WITH LONG TERM PAIN
Highest selling drugs
Adalimumab which is a biologic and makes a revuene estimated of 20bn dollars a year.
Drug prescription prices in America are ridiclously high
People soemtimes skip doses in order to afford their medicines which is not ideal.
This is morally repugnant but this is due to the high unregulation.
Richard Gonzalez’s multi-million pound bonus was due to the sale of Humira, therefore people cannot have this medication
Inuslin price
Has increased 6 fold per vial.
Patent increase
The drug that was for one original indication can have a further 20 years which can be achieved by a simple change of indication
Ban on kidney cancer drugs lifted
Avastin was £70,000 per patient year for extension of life.
NHS could not have this price.
NICE said you cannot charge that.
Where is the maths for this price?
Require major political and regulatory control
Biologic drugs are often more expensive in US the EU, in 2018 AbbVie agreed to 80% reduction in ceryain EU countries for Humira after introduction of many biosimilars.
Biologic (Drugs that come from living sources)
Regulation of drugs is needed
- Vigorous but needs this to promote innovation
- NHS and NICE need to curb influence of patient pressure groups
- Ensures that drugs are available to more people.