13 August 2018
Visiongain has launched a new pharma report Pharma Leader Series: 25 Top Biosimilar Drug Manufacturers, 2017-2027, and Other Rising Companies – a Market Report Assessing Developers and Producers of Competitor Biologics
The EU defines a biological medicinal product as “a protein or nucleic acid-based pharmaceutical substance used for therapeutic or in vivo diagnostic purposes, which is produced by means other than direct extraction from a native (non-engineered) biological source.”
A Biosimilar is a biological medicinal product that contains a version of the active substance of an original approved biologic. These are typically released after the original patent expires. A Biosimilar demonstrates similarity to the reference medicinal product in terms of biological activity, safety and efficacy. The quality of a biologic product is defined by its manufacturing process. Minor changes in the process can affect the quality, functionality and stability of the drug substance in the product, in turn affecting its biological activity.
The lead Visiongain report analyst for this report commented “Recently, biosimilars have increasingly gained popularity. This is mainly attributed to their lower prices in comparison with the original biologics. With more and more blockbuster drugs coming off patent, the biosimilars market has experienced immense growth, which will continue further, at a rapid pace. Biosimilars give more competition and opportunities in the biological drugs market by attracting new market entrants. Those competitors include biopharma and generics specialists, as well as leading international pharmaceutical companies.
This increased competition will prove beneficial to the biosimilars market, as it will drive innovation and lead to more-efficient methods of production with lower costs, which will help more people have access to affordable medical care. The striving for affordable healthcare has driven the biosimilars market to grow fastest in some developing countries. This has resulted in Indian and Chinese biosimilar companies making their mark as leading biosimilar drug producers and competing with the capabilities of market leaders based in the developed countries for pharmaceutical production.
Furthermore, the biosimilars market is characterised by numerous partnerships and collaborations among the well-established and rising firms, leading to overall growth in that industry through a combination of innovation and financial backing”
Growth is expected to be rapid during the first-half of the forecasted period due to the patent cliff from years 2012-2019, which will see the patent expiry of many of the most popular biologics in the world.
Leading companies who are active in the Biosimilars market and are featured in the report include: 3SBio, Amega Biotech, Beijing ShuangLu Pharmaceuticals, Biocad Biocon, Biosidus, Bioton, Celltrion, Dong-A, Dr Reddy’s Laboratiories, Intas Biopharmaceutical, LG Life Sciences, Mylan, Probiomed, Qilu Pharmaceutical, Ranbaxy (Sun Pharma), Reliance Life Science, Sandoz (Novartis), Shanghai Fosun Pharmaceuticals, STADA Arzneimittel, Teva, Hospira (Pfizer), Tonghua Dongbao, Wockhardt, and Zydus Cadila. In addition to these companies, the report also features upcoming companies in the biosimilar market in each major region.
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