The HEALTH : April 2020 | Page 9

april, 2020 | The healTh Nine pharma trends for 2020 SARAH Rickwood of IQVIA looks back at how pharma changed over the last decade and what this might mean for the industry in 2020. Years with a nought at the end prompt reflection not only on what the next year will bring, but the next decade. For the pharmaceutical industry, 10 years can simultaneously see very slow and very rapid change. Let’s start with slow: prescription medicines generally take over a decade from patent filing to launch. IQVIA's recent study quoted 13.8 years as the median time that New Active Substances launched in 2018 took to reach the market from patent filing, a figure that has been slowly rising since the 1990s. The New Active Substances launched in the early 2020s will likely have their origins in basic research of the 2010s. On some metrics the shape of the pharmaceutical industry has changed little in a decade: the US was 41% of the global market in 2010, by the end of the decade it remained number 1 with 46% of the market. In other ways, however, pharmaceutical industry change in a decade has been significant, and is accelerating. Up until 2010 the pharmaceutical industry paradigm was, almost entirely, that prescription medicines were either small molecules or biologics. The Chinese market comes into its own China started the 2010s as the world’s third largest pharmaceutical market by value rank, moving to the second slot behind the US by 2019. However, on another vital metric the 2010s saw China remain stubbornly in the third division: on its contribution to the global sales of New Active Substance, the innovation driver for the global industry, China currently ranks not second, but 31st. The rise of digital The rise of digital technologies in funding hub over London (which it was tied with last year), and we expect this trend to continue. Mumbai, Bangalore, Shanghai, Singapore, Guangzhou and Delhi also made the top 10 list.  6. 2020 will be a banner year for digital health commercialization and distribution As more digital health products hit the prime time, we see a splintering in the path each is taking to market — especially within the realm of digital therapeutics. Among many of the other major takeaways following last fall’s digital-pharma breakups is an understanding that these products are unlikely to follow the traditional drug development and distribution model.  The takeaway here is that 2020 in particular is poised for a convergence of contrasting go-to-market strategies. The success of one won’t necessarily disqualify another, but expect the digital health players of tomorrow to follow the most successful examples on display throughout the year. — The Health Nurturing biosimilars for success Biosimilars are expected to trim healthcare costs Biosimilars are expensive to make, they are not like generic drugs.” — Kashyap Patel healthcare is a phenomenon so broad and diverse in nature, it’s impossible to define into a few specific metrics. However, digital technologies will be the most transformative force for healthcare and pharma in the 2020s. In 2020 the first “digital natives”, widely quoted as individuals born in 1980 or later, turn 40. One of the most powerful sources of patient insight data will be genomic data, as understanding of the genetic basis of diseases and the ability to treat genetically driven diseases with a range of gene-based therapies grows. IQVIA’s research has identified 171 current or planned genomics/BioBank initiatives around the world – the 2020s will see the quantity and quality of genomics data generated by these initiatives explode, and with that, the potential for powerful medical research. The changing company landscape The increasingly speciality focused launch environment of the 2010s also facilitated the rise of smaller biotech companies developing and launching their own assets. IQVIA predicts the 2020s will be the decade in which mid-sized pharma, especially those based in Europe, move to the next level. What’s the theme of the 2020? If I were to summarise into a single word, I would say it is “diversity” – increasingly diverse launches in terms of their nature (small molecule, biologic, cell therapy, gene therapy, digital therapy), increasing geographic diversity in terms of sources of innovation and also, perhaps, where they realise their commercial opportunity, and increasingly diverse companies, top 20 pharma, Biotech, and mid-sized players. All in all, the 2020s look to be an exciting ride for pharma. — The Health H ERalDED as the next great chapter in pharmaceutical history, biosimilars are expected to trim healthcare costs while giving patients more access at lower prices. adopted with open arms in the European market, the move to biosimilars in the U.s. has been a slog. Despite hindrances such as a paucity of distribution models, litigation and legislative challenges and misperceptions about their effi cacy and safety, biosimilars are poised to gain ground, and quickly. according to a 2019 iQVia report, biosimilar share of the accessible market has been on the rise and now averages 31%. Many brand drugs are on schedule to lose patent exclusivity over the next fi ve years, likely generating $78 billion in savings over the same time frame and soaring to as much as $150 billion in savings by 2026. “i’d say that it was a slow start but if we fast forward to today, we’re starting to see some momentum,” sean McGowan, senior Director of Biosimilars at amerisourceBergen, was quoted as saying. Learning from Europe Though lagging the European markets embrace of biosimilars, McGowan believes U.s. manufacturers and amerisourceBergen stakeholders can glean some lessons from that success. The momentum of increased market share will be infl uenced by the recent launch of three biosimilars and the expected launch of seven biosimilars throughout this year. Those launches would double the number of biosimilar therapies available. Many of those new biosimilars will be available across all distribution channels that include full-line and wholesale distribution, which has the potential of opening up an untapped market in the hospital and health system space. The FDa released its guidance on biosimilar interchangeability that allows for biosimilars to be substituted for originator biologic therapies without requiring intervention or approval of the prescribing healthcare provider. The regulatory guidance opens the door for more development of biosimilars, access, and importantly, competition. A unique opportunity for manufacturers a thriving biosimilars market off ers a unique opportunity for manufacturers to take on accessibility and aff ordability issues facing patients and providers in today’s tumultuous healthcare landscape. To seize that opportunity, manufacturers will need the right commercialization strategy coupled with the best approach to payers and providers that includes strategic support from policymakers. The linchpins to success for manufacturers drawing up their commercialization strategies are in developing provider education and support programs that help those audiences understand the benefi ts of their biosimilar products; mapping out a channel strategy that guarantees their product is available where patients need them; keeping a close watch on legislative actions and ever-changing payer strategies that could impact products. Providing education for providers not surprisingly, physicians are a key target for education programs on biosimilars. They need to know about patient services, the hub services that are provided by their originator and that they have, at the minimum, the same services that support a patient. additionally, physicians need to know that biosimilar products are safe, pure and eff ective. “Biosimilars are expensive to make, they are not like generic drugs,” Kashyap Patel, M.D., Chief Executive Offi cer of Carolina Blood and Cancer Care, said. “so, my biggest request to manufacturers is that they should use every possible avenue to bring awareness to providers and also ensure that the product is covered and provide access programs for patients who are not insured. Based on those, i think physicians will be ready, open and happy to take biosimilars into their regimen.” “safety and effi cacy have already been established,” he said. “The question is how intensive education can be done in the U.s. where it could help address the overall product drug price that, in my opinion, has the potential of saving tens of billions of dollars. — The Health 09