Major players in type 2 diabetes shifting focus to pricing to maintain market share; Report

7 July 2016

The highly mature type 2 diabetes (T2D) market, which is forecast to be valued at $58.7 billion by 2025, will see pharmaceutical companies prioritizing competitive pricing in order to offset the impact of patent expiries ahead of improving existing products, new research indicates.

According to research and consulting firm GlobalData’ latest report, human insulins and many insulin analogs are currently off patent or will soon lose their patents. The patents for Humulin and Novolin expired in 2001 and 2002, respectively. More recent patent losses include Eli Lilly’s (NYSE: LLY) Humalog (insulin lispro) in 2013, Novo Nordisk’s (NOV: N) NovoLog/NovoRapid (insulin aspart) in 2014, and Sanofi’s (Euronext: SAN) Lantus (insulin glargine) in 2014–2015. Lantus is already beginning to suffer erosion to the first to market insulin biosimilar, Eli Lilly’s Abasaglar (insulin glargine).

Lyxumia heavily discounted

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