CANADIAN DRUG PLAN SPENDING ON SPECIALTY DRUGS, INCLUDING BIOLOGICS, CONTINUES TO INCREASE1,2
Biologic drugs accounted for 3 of the top 5 drug classes in terms of public drug program spending in 20181
BIOLOGIC DRUGS3
Come from living organisms or from their cells
Treat various medical conditions including anemia, diabetes, inflammatory bowel disease, psoriasis, rheumatoid arthritis, hormone deficiencies and some forms of cancer
Biologic drugs are generally larger and more complex than chemically produced pharmaceutical drugs
BIOSIMILAR DRUGS3
A biosimilar biologic drug, or biosimilar, is a drug demonstrated to be highly similar to a biologic drug that was already authorized for sale (known as the reference biologic drug)
They may enter the market after the expiry of reference drug patents and data protection
There are no expected clinically meaningful differences in efficacy and safety between a biosimilar and the biologic drug that was already authorized for sale
SPECIALTY DRUGS*, including brand name biologics and biosimilars, ACCOUNTED FOR 29% OF DRUG COSTS on private plans in 20182