Samsung Bioepis’ latest US biosimilar market report

South Korea’s Samsung Bioepis has released its Fourth Quarter 2024 Biosimilar Market Report, marking the seventh-edition of the Quarterly Biosimilar Market Report in the United States.

The report provides the latest insights into the US biosimilar landscape, including updated Average Sales Price (ASP) and Wholesales Acquisition Cost (WAC) information across 11 molecules, including the newly launched tocilizumab biosimilars. In this report’s Biosimilar Deep Dive section, it features a survey from 20 payers and pharmacy benefit managers (PBMs) which highlights different biosimilar adoption strategies that payers and PBMs have implemented for each line of business (LOB; Commercial, Medicaid, and Medicare) and what can be done to further optimize biosimilar benefits.

“In this report, we explore the potential savings for stakeholders through the adoption of biosimilars, examine the varying challenges by line of business, and discuss strategies that can maximize these benefits,” said Thomas Newcomer, Vice President, Head of Market Access, US, at Samsung Bioepis. “Biosimilars have already contributed an estimated $36 billion in savings to the US healthcare market, but there is still significant room for growth. Our hope is that stakeholders will become more familiar with biosimilars and continue to embrace their potential.”