Selecting the best-value biosimilar in emerging countries

The aim of biosimilars is to alleviate the financial burden of biological medicinal products. A most relevant challenge for emerging countries is how to select the best option available. In most cases, price is the major determinant, as budgets are chronically scarce. However, initial savings due to price reductions can be overridden if there is a lack of supply due to product shortages or withdrawals. These events can be prevented by a best-value strategy. According to the concept of best-value medicinal products, price is only one of the various criteria to be considered. The purpose of the present paper is to provide suggestions of criteria that can be useful for selecting the best-value biological in emerging countries. Six criteria, that are not limitative, have been selected as follows: standards of regulatory approval, quality of the product, good distribution practices, security of supply, pharmacovigilance, and price.

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Publication Details

Journal
Exploration of Musculoskeletal Diseases
Published
2024-09-14
DOI
https://doi.org/10.37349/emd.2024.00067
Citations
1
Primary Topic
Biosimilars and Bioanalytical Methods
Type
article
Field-Weighted Citation Impact
0.24
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article

Selecting the best-value biosimilar in emerging countries

Gilberto Castañeda‐Hernández
1 citations
Exploration of Musculoskeletal Diseases
Biosimilars and Bioanalytical Methods
0.24
article

Selecting the best-value biosimilar in emerging countries

Gilberto Castañeda‐Hernández
article en
1 citations

Abstract

The aim of biosimilars is to alleviate the financial burden of biological medicinal products. A most relevant challenge for emerging countries is how to select the best option available. In most cases, price is the major determinant, as budgets are chronically scarce. However, initial savings due to price reductions can be overridden if there is a lack of supply due to product shortages or withdrawals. These events can be prevented by a best-value strategy. According to the concept of best-value medicinal products, price is only one of the various criteria to be considered. The purpose of the present paper is to provide suggestions of criteria that can be useful for selecting the best-value biological in emerging countries. Six criteria, that are not limitative, have been selected as follows: standards of regulatory approval, quality of the product, good distribution practices, security of supply, pharmacovigilance, and price.

Exploration of Musculoskeletal Diseases
Instituto Politécnico Nacional (MX), Centro de Investigación y de Estudios Avanzados del Instituto Politécnico Nacional (MX)
Partnerships for the goals
Openalex Percentile: Top 42%
Biosimilars and Bioanalytical Methods
0.24
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Selecting the best-value biosimilar in emerging countries — Gilberto Castañeda‐Hernández · Exploration of Musculoskeletal Diseases (2024) | TGRS Research Map | TGRS