Md Abu Zafor Sadek
University of Dhaka, Bangladesh
Title: Global Status of Biosimilars & Prospects in Asia
Biography
Biography: Md Abu Zafor Sadek
Abstract
Almost one decade back the first biosimilars was launched in Europe. Now they have 15 biosimilars and all are well accepted since
high price branded biologics were tough to reach by many patients. Recently biosimilars has been endorsed everywhere in the
world starting from developing to developed countries. United States Food and Drug Administration (USFDA) approved the first
biosimilars in 2015 and currently they have 03 biosimilars which are playing pivotal role in price cutting of branded biologics. They
also have many biosimilars to be launched shortly. Australia, Canada, Africa and Asia are also aggressive with biosimilars specially
India, Korea, China made remarkable effort in biosimilars. However, considering the changes in disease pattern, increasing use of
biological drugs, huge number of population, rising health awareness, recent economic growth, success history of some biologic
companies, dependence on generic items, price sensitivity, relax regulation, growing health budget, very low production cost and
other relevant factors, Asia is an important hub for biosimilars. Therefore, this study found out the prospects of biosimilars in Asia.