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The times, they are a changin’ in the biopharma market

The biopharmaceutical development community has successfully developed a broad range of highly effective therapies for a wide variety of serious and debilitating diseases. However, developing biopharmaceuticals is inherently an extremely challenging and commercially risky undertaking, often working to tight timelines and typically resource- constrained.
Written bySimon Webster, Avacta
| 6 min read

The biopharmaceutical development community has successfullydeveloped a broad range of highly effective therapies for a wide variety ofserious and debilitating diseases. However, developing biopharmaceuticals isinherently an extremely challenging and commercially risky undertaking, oftenworking to tight timelines and typically resource-constrained. For many, thismeans adopting a pragmatic approach to development, where the goal is to getthe product to a point where its clinical performance and analyticalcharacterization are "good enough" to satisfy the regulatory authorities andget to market.

Very often, we do not have the time, resources, or indeed, the motivation, towork toward an optimum "best-it-can-possibly-be" position. Typically, the"good-enough" approach may be adopted during selection of candidates,development of formulations and manufacturing processes and in the degree ofanalytical characterization performed. Although this approach has successfullydelivered safe and efficacious drugs to the market, we are now moving into anew era for biopharmaceuticals, characterized by increased competition in themarketplace. Good enough to satisfy the regulators may no longer be good enoughto compete effectively in the marketplace.

There are a number of drivers simultaneously working to movethe biopharmaceutical industry into this increasingly competitive era,including: the availability of multiple innovator products to treat the sameindications; the emergence of biosimilar products and development of aframework by which they can get approval; arguably, an increasingly demandingregulatory environment; evolving scientific understanding that also highlightsareas of ignorance; and emerging markets such as those in Asia.

As a result, healthcare refunders, practitioners andpatients will have an ever-increasing choice about which drug to buy and canincreasingly be expected to base their purchasing decisions on factors such asrelative price, convenience and cost of administration, effectiveness anddegrees of adverse reactions. Both innovator and biosimilar developers willneed to adapt in order to compete effectively in this new environment. A numberof aspects of the development process, although already very important, willbecome increasingly critical to the commercial success of the resultingproducts.

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