(1888PressRelease)
July 22, 2006 - What will determine success?
Development of biogeneric molecules for sale in the potentially highly lucrative US and Western European markets depends on the ability to answer three key questions positively:
Can you make the product consistently to GMP and demonstrate its essential similarity to originator products?
- Having made the product, can you get it to market?
- Having accessed the market, are you able to make a profit from the sales of your biogeneric product?
This report focuses on the specific strategies adopted by companies involved in the biogenerics arena, asking:
- Why are specific strategies likely to be effective?
- Why are particular companies more likely to be successful in the race to enter and profit from the biogenerics market in Europe and the US?
Biogenerics companies tend to adopt four main approaches. Often any one company will take more than one approach:
- Focus on strategic partnerships.
- Expand through acquisition.
- Supply into developing markets initially, followed by Europe and eventually the US.
- Develop second-generation products.
The earliest that biogenerics are likely to come to market is 2006, for the simpler products, such as G-CSF, rh GM-CSF and first-generation rh EPOs. However there is significant potential for delay along the route from:
- Regulators wrestling with the application of new rules. An example of this is Omnitrop (recombinant human growth hormone), which the Committee for Proprietary Medicinal Products (CPMP), the scientific committee of the European Agency for the Evaluation of Medicinal Products (EMEA), recommended for approval in Europe in June 2003. Omnitrop was ultimately rejected by the European Commission in April 2004.
- Innovators employing delaying tactics aimed at preventing biogenerics from taking shorter routes to approval.
- Development of second-generation products that are significantly better than the originals, meaning that original products are unlikely to take significant market share.
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