Wednesday, November 26, 2014

THE NAME GAME ON BIOSIMILARS
DEBATE OVER NAMING FOLLOW-ON BIOLOGICS
Should biosimilars have the same nonproprietary name as their reference products?
by William James and Thomas Lavery


There is an ongoing debate over whether biosimilars and interchangeable biologics should share the same nonproprietary name as their reference biologics. As patents covering biologics expire, companies other than the original manufacturers will seek to market their own versions of the originators’ biologics as biosimilars, “bio-betters,” or interchangeable biologics. The commercial opportunities for these follow-on products are potentially enormous: It is predicted that by 2016 eight of the top 10 bestselling drug products will be biologics, and biologics with combined revenues of $79 billion are expected to go off-patent by 2018.1

As a counterweight to the potential commercial upside, companies wishing to market follow-on biologics face a number of significant challenges and barriers. First, the FDA’s approval standards are rigorous: A biosimilar must be “highly similar” to the reference product and there must be “no clinically meaningful differences” between the biosimilar and the reference product. Interchangeable biologics must meet an even higher standard.2 Second, biosimilar manufacturers are confronted with a patchwork of varying state laws governing the requirements for substituting a biosimilar for a prescribed reference product. Even the seemingly simple question of how to name a biosimilar remains unanswered and has become another source of difficulty and dispute.

Because no law dictates how biosimilars should be named, numerous stakeholders, including pharmaceutical companies such as Janssen, Novartis, Amgen, Genentech, and Momenta, as well as nonprofit associations such as the Pharmaceutical Research and Manufacturers of America, the Generic Pharmaceutical Association, and the Biotechnology Industry Organization, have submitted citizen petitions or responses to citizen petitions, requesting that the FDA either (1) allow biosimilars to share the same nonproprietary name as their reference products, or (2) require biosimilars to have distinct nonproprietary names. 

The arguments on each side of the debate have focused primarily on two issues: pharmacovigilance and patient safety.

Pharmacovigilance

Pharmacovigilance refers to procedures for monitoring the safety of drugs to detect, assess, and prevent adverse effects or other safety-related issues. Some stakeholders assert that allowing a biosimilar to have the same nonproprietary name as its reference product would impair pharmacovigilance. Their reasoning can be summarized as follows:

  • If adverse events were to identify a biologic solely by nonproprietary name, the shared names would complicate, if not prevent, tracing the adverse report to a specific product.
  • If a patient is switched from the reference biologic to a biosimilar without knowledge of a physician, the physician may not know the particular product administered and may thus submit an adverse event report that incorrectly identifies the product administered to the patient.
  • Shared names may lead to more patients being switched from one product to another; this switching would further complicate efforts to determine the product responsible for an adverse event.

Other stakeholders take the opposite view, contending that requiring distinct names for biosimilars is unnecessary for—and may impair—pharmacovigilance, arguing that:

  • In Europe, where biosimilars have been in the market since 2006, no tracking issues have arisen from biosimilars sharing nonproprietary names.
  • Requiring unique nonproprietary names would segregate the safety data for brand and biosimilar products, making it more difficult to detect rare adverse event signals across classes of products.
  • A well-established process exists to track quality and adverse events that does not rely primarily on nonproprietary names, but instead uses a product’s brand name, manufacturer, lot number, and National Drug Code (NDC). The NDC reflects the manufacturer of the product; the active ingredient and its strength, dosage form, and formulation; and the package size.3 The NDC is unique to the product and manufacturing batch, and can be used to track biosimilars.
  • Brand products are sold interchangeably and have the same name despite product “drift” that occurs over time. The FDA has authorized originator manufacturers to modify a biologic’s manufacturing process and market a biologic that has minor changes and differences that are not clinically meaningful—without requiring a change in nonproprietary name. The originator must demonstrate that the post-change biologic is “comparable” to the pre-change version. The standards for comparability and biosimilarity are largely the same. Some stakeholders have thus asserted that biosimilars, as highly similar to their reference products, should share nonproprietary names just as biologics maintain their nonproprietary names after manufacturing changes.
  • Competing brand products in the same class of biologics share a nonproprietary name. The FDA routinely allows originator biologic products in the same class to have the same nonproprietary name, even though they were approved under different applications, manufactured by different companies, and manufactured using different methods. For example, Bayer’s Kogenate® FS, Genetics Institute’s ReFacto®, and Baxter’s Recombinate® are all recombinant factor VIII treatments made by different manufacturers but share the same nonproprietary name—“antihemophilic factor (recombinant).”

Patient Safety

Some stakeholders have asserted that shared names could undermine patient safety, pointing out that:

  • Shared names could lead to greater switching among products. For example, if a physician typically prescribes medications by nonproprietary name and does so for a biologic, the patient may inadvertently be switched to a different product. This switching could increase the risk to patients if the FDA has not deemed the new product interchangeable with the old product. 
  • Shared names could lead to inadvertent switching to a product that has not been approved for the indication for which the patient seeks treatment. For example, the FDA may approve a biosimilar for only a subset of the uses for which the reference product is approved.

Other stakeholders have taken the opposite view, offering several arguments in support of the proposition that requiring biosimilars to have unique nonproprietary names would jeopardize patient safety:

  • Requiring different nonproprietary names could inaccurately suggest that a biosimilar has meaningful clinical differences as compared to its reference product, even though the FDA has determined that the biosimilar and its reference product are “highly similar.” The resulting clinical confusion may lead to prescribing errors, compromise patient access to follow-on biologics, cause patients to potentially go untreated, or disaggregate adverse event data for the products, thereby hindering rapid identification of class effects and rare safety signals.
  • Just as requiring a biosimilar to have a different nonproprietary name could suggest that it has meaningful clinical differences, this requirement could lead prescribers to infer that two originator biologics that share the same nonproprietary name are interchangeable and produce the same clinical outcome. A prescriber may thus switch a patient from one originator biologic to another originator biologic with the same nonproprietary name, even though the FDA may not have deemed them interchangeable.

Stay Tuned

Biosimilars present an opportunity to provide greater access to biologic therapy and to control healthcare costs. Whether companies will pursue biosimilars and thus provide biosimilars to patients may depend in part on whether the FDA allows follow-on biologics to have the same nonproprietary name as the reference product or requires unique nonproprietary names for each product. The numerous citizens’ petitions and responses reflect the importance of this issue to the industry. It seems likely that the FDA will need to address this issue before it approves the first follow-on biologic, which some predict could be as early as 2015. How the FDA settles this naming contest will likely affect investment in and access to follow-on biologics.

References:
1 http://bit.ly/1lsYM7y
2 http://www.fda.gov/Drugs/GuidanceComplianceRegulatoryInformation/ucm215089.htm
3 http://www.fda.gov/drugs/informationondrugs/ucm142438.htm


Fuente: GEN

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Monday, November 24, 2014

ACTAVIS TO ACQUIRE ALLERGAN TO CREATE TOP 10 GLOBAL GROWTH PHARMACEUTICAL COMPANY WITH $23 BILLION IN REVENUE
(Part 2 out of 2)

Actavis Press Release 11.17.2014
Financially Compelling Transaction

The growth profile of the combined pharmaceutical business will be unparalleled in the industry with the ability for double-digit revenue and earnings growth while maintaining investments to grow and develop our product portfolios and pipeline. The addition of Allergan's portfolio, including multiple blockbuster therapeutic franchises, doubles the revenues of Actavis' North American Specialty Brands business. On a pro forma basis for full year 2015, the combined company will have three blockbuster franchises each with annual revenues in excess of $3 billion in Ophthalmology, Neurosciences/CNS and Medical Aesthetics/Dermatology/Plastic Surgery. The specialty product franchises in Gastroenterology, Cardiovascular, Women's Health, Urology and Infectious Disease treatments will have combined revenues of approximately $4 billion.

Actavis projects that the transaction will generate at least $1.8 billion in annual synergies commencing in 2016, in addition to the $475 million of annual savings previously announced by Allergan in connection with Project Endurance. Actavis also plans to maintain annual R&D investment of approximately $1.7 billion, ensuring the appropriate resource allocation to continue driving exceptional organic growth.
Significantly Expanded Brand Pharmaceutical Portfolio Supported by a World-Class North American Sales and Marketing Organization
  • Allergan's blockbuster franchises in Ophthalmology, Neurosciences, and Medical Aesthetics/Dermatology/Plastic Surgery will complement Actavis' existing blockbuster CNS,Gastroenterology and Women's Health franchises to create a leading portfolio across a broad range of therapeutic areas.
  • The companies' combined U.S. sales force will have extraordinary marketing reach and increased relevance with more than a dozen medical specialists, including primary care physicians, ophthalmologists, optometrists, dermatologists, aesthetic physicians, plastic surgeons, neurologists, psychiatrists, infectious disease specialists, cardiologists, pulmonologists, gastroenterologists, OB-GYNs and urologists.
Expanded Commercial Opportunities Across Global Markets
  • The combination of Actavis and Allergan will greatly enhance international commercial opportunities by positioning the combined company to extend its blockbuster franchise strategy on a global scale.
  • The company will have approximately $5 billion in pro forma 2015 international revenue.
  • Together Actavis and Allergan will have a commercial presence across 100 markets, including an enhanced presence across Canada, Europe, Southeast Asia and Latin America and a strong footprint in China and India.
  • The combined company will benefit from Allergan's global brand equity, industry-leading consumer marketing capabilities and strong consumer awareness of key Allergan products, including BOTOX®.
  • The combined company will have the unique opportunity to drive growth in international markets through its enhanced portfolio of brands, generics, branded-generic and over-the-counter products.
Expanded Pharmaceutical R&D Pipeline
  • The combined company will provide a strong commitment to R&D, with an exceptional level of annual investment of approximately $1.7 billion, focused on the strategic development of innovative and durable value-enhancing products within brands, generics, biologics and OTC portfolios.
  • The combination is expected to add approximately 15 projects in near- and mid-term development to Actavis' robust development portfolio.
Additional Details

Actavis anticipates that the permanent financing structure, expected to include a combination of equity and debt, will support an investment grade rating and provide long-term financing flexibility. Actavis expects to finance the cash portion of the consideration with a combination of new senior unsecured notes, term loans and equity securities. The company has committed bridge facilities fromJP Morgan Chase Bank, N.A., Mizuho Bank and Wells Fargo and commitments to replace its existing facilities to the extent they are not amended to permit the acquisition and the related financing. The transaction is not subject to a financing condition.

The transaction is subject to the approval of the shareholders of both companies, as well as customary antitrust clearance in the U.S., the EU and certain other jurisdictions, and is anticipated to close in the second quarter of 2015. J.P. Morgan is serving as exclusive financial advisor to Actavis and Cleary Gottlieb Steen & Hamilton LLP is serving as Actavis' lead legal advisor. Goldman, Sachs & Co. and BofA Merrill Lynch are serving as financial advisors to Allergan. Latham & Watkins, Richards, Layton & Finger, P.A. and Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Allergan.
Fuente: Actavis Press Release

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¿Cómo INCORPORAR y APLICAR Modelos de
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Wednesday, November 19, 2014

ACTAVIS TO ACQUIRE ALLERGAN TO CREATE TOP 10 GLOBAL GROWTH PHARMACEUTICAL COMPANY WITH $23 BILLION IN REVENUE
(Part 1 out of 2)

Actavis Press Release 11.17.2014

  • Transaction Valued at $66 Billion or $219 per Share in Cash and Actavis Shares
  • Fastest Growing, Most Dynamic Pharmaceutical Company in Global Healthcare
  • Leading Blockbuster Franchises in Ophthalmology, Neurosciences/CNS, Medical Aesthetics/Dermatology/Plastic Surgery, Women's Health, Gastroenterology and Urology
  • Positioned for Long-Term Double-Digit Organic Revenue and Earnings Growth
  • Double-Digit Accretion to Non-GAAP EPS within First 12 Months
  • Expands International Presence with Greater Market and Product Reach
  • Projected Synergies of at Least $1.8 Billion while Maintaining R&D Commitment of Approximately $1.7 Billion
  • Free Cash Flow Generation of more than $8 Billion expected in 2016
  • Investment Grade Rating Expected to be Maintained; Rapid Deleveraging to Below 3.5x Debt to Adjusted EBITDA within 12 Months
  • Closing Anticipated in Q2 2015

DUBLIN and IRVINE, Calif., Nov. 17, 2014 /PRNewswire/ -- Actavis plc (NYSE: ACT) and Allergan, Inc.(NYSE: AGN) today announced that they have entered into a definitive agreement under whichActavis will acquire Allergan for a combination of $129.22 in cash and 0.3683 Actavis shares for each share of Allergan common stock. Based on the closing price of Actavis shares on November 14, 2014, the transaction is valued at approximately $66 billion, or $219 per Allergan share. The combination will create one of the top 10 global pharmaceutical companies by sales revenue, with combined annual pro forma revenues of more than $23 billion anticipated in 2015. The transaction has been unanimously approved by the Boards of Directors of Actavis and Allergan, and is supported by the management teams of both companies. Actavis anticipates that the expected permanent financing structure, consisting of a combination of new equity and debt, will support an investment grade rating and provide long-term financing flexibility.

"This acquisition creates the fastest growing and most dynamic growth pharmaceutical company in global healthcare, making us one of the world's top 10 pharmaceutical companies," said Brent Saunders, CEO and President of Actavis. "We will establish an unrivaled foundation for long-term growth, anchored by leading, world-class blockbuster franchises and a premier late-stage pipeline that will accelerate our commitment to build an exceptional, sustainable portfolio. The combined company will have a strong balance sheet, growing product portfolios and broad commercial reach extending across 100 international markets. Our combined experienced management team is dedicated to driving strong organic growth while capturing synergies and maintaining a robust investment in strategically focused R&D.
"This is a financially compelling transaction. With pro forma revenues in excess of $23 billionanticipated in 2015, this combination doubles the revenue generated by our brands business and doubles the international revenue of the combined company. Management is committed to maximizing the potential for the combined company to drive industry-leading top and bottom line growth. With this combination, we plan to transform the growth profile of our pharmaceutical business and have the ability to generate organic revenue growth at a compound annual growth rate of at least 10 percent for the foreseeable future," added Saunders. "The combination is expected to generate strong free cash flow of more than $8 billion in 2016 and substantial growth thereafter, which will enable the rapid repayment of debt. We expect that the combination will result in double-digit accretion to non-GAAP earnings within the first 12 months."
"Today's transaction provides Allergan stockholders with substantial and immediate value, as well as the opportunity to participate in the significant upside potential of the combined company," saidDavid E. I. Pyott, Chairman and CEO of Allergan. "We are combining with a partner that is ideally suited to realize the full potential inherent in our franchise. Together with Actavis, we are poised to extend the Allergan growth story as part of a larger organization with a broad and balanced portfolio, a meaningful commitment to research and development, a strong pipeline and an unwavering focus on exceeding the expectations of patients and the medical specialists who treat them. I am thankful for the hard work and dedication of our employees, and I'm confident they will make many valuable contributions to the combined company. Looking to the immediate future, all of us at Allergan are excited to roll up our sleeves and work closely with the Actavis team to ensure a smooth transition."
"This combination will greatly enhance our U.S. and international commercial opportunities," said Paul Bisaro, Executive Chairman of Actavis. "In the U.S., the combination makes us more relevant to an even broader group of physicians and customers. Overseas, it will enhance our commercial position, expand our portfolio and broaden our footprint in Canada, Europe and Southeast Asia and other high-value growth markets, including China, India, the Middle East and Latin America."
The combined company will be led by Brent Saunders, CEO and President of Actavis, and Paul Bisarowill remain Executive Chairman of the Board. The integration of the two companies will be led by the senior management teams of both companies, with integration planning to begin immediately in order to transition rapidly to a single company. Additionally, two members of the Allergan Board of Directors will be invited to join the Actavis Board of Directors following the completion of the transaction.
Fuente: Actavis Press Release

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¿Cómo INCORPORAR y APLICAR Modelos de
PENSAMIENTO ESTRATÉGICO?
(aplicado al Sector Salud y Farma, con resolución de casos reales en tiempo real)

http://msg-latam-meic.blogspot.com.ar/2014/06/capacitacion-in-company-programa_6246.html

¿Cómo GERENCIAR EFICAZMENTE a partir del
MANAGEMENT ESTRATÉGICO?
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¿Cómo GERENCIAR PROCESOS DE CAMBIO
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Monday, November 17, 2014

PHARMA DEALS DURING OCTOBER 2014

(Part 3 out of 3)
by Roger Davies


This table lists all the major pharma collaborations, acquisitions and mergers agreed during October 2014

Licensor acquired / licensee acquirer
Deal type

Product / technology
Headline ($m)
Becton Dickinson/CareFusionCompany acquisitionMedical equipment builds US sales base12,200
Auxilium/EndoCompany acquisitionUrology and orthopaedic products including alprostadil for ED2,600
NewLink Genetics/GenentechCollaboration and licenceFor development of NLG919 and next generation IDO pathway inhibitors1,150
Sutro Biopharma/CelgeneLicence plus option to acquire SutroFor development of multispecific antibodies and antibody drug conjugates (ADCs)1,000
Aduro BioTech/J&JExpansion of collaborationLung cancer immunotherapies including ADU 214847
Lineage Therapeutics/Impax LaboratoriesCompany acquisitionIncludes generic and branded products such albendazole and epinephrine700
Actavis/Durata TherapeuticsMerger with Actavis subsidiaryBrings Dalvance a recently approved  novel antibiotic for acute skin structure infections675
Acorda Therapeutics/Civitas TherapeuticsCompany acquisitionIncludes CVT 301 in P3 for Parkinson's as well as pulmonary delivery technology525
F-star Alpha/BMSOption to acquire F-star AlphaIncludes FS102 a P1 ready treatment for HER2 positive patients with breast /    gastric cancer475
CureTech/MedivationExclusive global licenceFor pidilizumab (CT-011), an immune modulatory anti-PD-1 monoclonal antibody335
Forendo Pharma/Apricus BiosciencesLicence [A]Fispemifene a selective oestrogen modulator in P2 for secondary hypogonadism318
Novartis/CSLAsset purchaseInfluenza vaccines275
Five Prime/GSKExpansion of collaborationIdentifying new agents in asthma and COPD196
Bavarian Nordic/J&JLicence and supplyFor multivalent MVA-BN Filovirus vaccine187
Lexicon Pharmaceuticals/IpsenLicence [B]Telotristat etiprate in P3 for carcinoid syndrome145
Brabant Pharma/ZogenixAcquisitionIncludes fenfluramine for orphan I indication of Dravet syndrome130
TesoRx Pharma/AspenLicence [C]For TSX 002 an unmodified oral   testosterone replacement95
Oxford BioMedica/NovartisExpansion of collaborationLentiviral vectors expressing CTL019 CAR-T therapy for leukaemia90
Heidelberg Pharma/RocheLicence with options to targetsDevelopment of ADCs based on coupling α-amantin to antibodies66
All deals are worldwide unless otherwise noted.
A: US only
B: Outside N America and Japan
C: Excluding US EU Japan, China and the Middle East
Fuente: PMLiVE
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¿Cómo INCORPORAR y APLICAR Modelos de
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http://msg-latam-meic.blogspot.com.ar/2014/06/capacitacion-in-company-programa_6246.html

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