Biotech Values

[Shengli]

The Biosimilars Market Today And Tomorrow

( sorry if its a repost )

The full version of this biosimilars feature can be read in the August issue of our digital magazine: http://www.pharmtech.com/ptedigital0810


Alan Sheppard

Last year, the global market for biological products exceeded $125 billion, accounting for 17% of the total market for pharma/biopharma products; however, its portion of the global market is expected to rise markedly in the next few years. In fact, by 2014, we estimate that the top three products in terms of global sales will be biotech medicines (Avastin, Humira, Enbrel), collectively accounting for $25.4 billion, with today's small molecule brand leaders being relegated to commodity generics. With many of the blockbuster biologics nearing patent expiry in the next 10 years in the US, including Avastin (Genentech/Roche), Enbrel (Amgen) Erbitux (Eli Lilly) and Humira (Abbott), it is easy to understand the appeal that investing in biosimilars holds. However, in spite of this potential, last year biosimilars only generated around $89 million in sales, with Sandoz's omnitrope accounting for the vast portion of those sales (33% market share), hence it is still a largely immature market. On a more positive note, growth in sales between June 2008 and June 2009 increased by a remarkable 200%.



http://www.nxtbook.com/nxtbooks/advanstaruk/pte_201008/#/6/OnePage