Generic forms of the first biological drugs threaten to
capture significant market share as many of those drugs’ patents will expire
over the next few years. A recent report, “Combating Generics: Pharmaceutical
Brand Defense” (http://www.PharmaGenerics.com),
published by pharmaceutical intelligence firm Cutting Edge Information,
reveals top companies’ strategies and tactics for fending off generic
competition and retaining market share.
Conservative estimates predict that biogenerics will
command more than $12 billion of the drug market by 2010. While the
scientific and regulatory pathways to generic approval still are unclear,
blockbuster drugs, such as Johnson & Johnson’s Procrit, Amgen’s Epogen and
Roche’s NeoRecormon, likely will face generic competition over the next few
years.
One strategy that could help pharmaceutical brand teams
block sales erosion is evergreening – the practice of preempting generic
entrants with new, improved versions branded drugs before their patents
expire. A handful of first-generation innovators have found success following
this model, according to “Combating Generics: Pharmaceutical Brand Defense,”
which is available online at
http://www.PharmaGenerics.com. Amgen launched second-generation product
Aranesp, an improved version of EPO, to render generic forms of the
first-generation drug obsolete before they even could reach the market.
“AstraZeneca set the bar for evergreening with the launch
of Nexium, a second-generation drug to replace Prilosec,” said Eric Bolesh,
senior analyst at Cutting Edge Information. “AstraZeneca actually grew its
share of the gastrointestinal market after Prilosec’s patent expired and
generics and over-the-counter forms came to market.”
Cutting Edge Information’s report, “Combating Generics:
Pharmaceutical Brand Defense” (http://www.PharmaGenerics.com)
examines key trends and developments in the pharmaceutical industry. Making
its case with more than metrics and dozens of detailed case studies, the
report analyzes the options available to brand teams and therapeutic area
leaders for defending drug patents and maximizing asset returns in the face of
generic competition. Some strategies pharmaceutical companies may engage are:
·
Switching patients to a line extension
·
Flanking generics and other licensing and distribution
agreements
·
Defensive pricing
·
Increased DTC advertising and patient outreach, compliance and
retention activity
·
Rx-to-OTC switching
To download a free summary of this 190-page report, visit
http://www.PharmaGenerics.com.
For more information or to learn about other Cutting Edge Information
research, contact Diana Borja at
diana_borja@cuttingedgeinfo.com or 919-433-0219.
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