An estimated $75bn worth of blockbuster biologic products are expected to be exposed to biosimilar competition by 2025 and Indian firms like Dr. Reddy's Laboratories Ltd. are upbeat about emerging prospects in the US, amid signs of improving adoption of such products and coverage by insurers and payers.
The strong performance of biosimilar pegfilgrastim in the US, especially Coherus BioSciences Inc.’s Udenyca (pegfilgrastim-cbqv), with “rapid and high adoption” is a case in point, Dr Reddy’s senior vice president and global head of the firm's biologics business unit, Raymond De Vré, noted at the recently concluded Biopharma Conclave in Mumbai
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