27 May 2019 - Biosimilars Initiative implementation could contribute to significant cost savings for the BC health care system.
Sandoz Canada welcomes British Columbia PharmaCare’s announcement to implement the Biosimilars Initiative with the goal to expand the use of biosimilars available on the market and generate significant cost savings to the healthcare system. Under the Biosimilars Initiative, coverage for certain reference biologic drugs will be discontinued for affected patients and coverage will instead be provided for their biosimilars.
The first-of-its-kind policy in Canada has the potential to generate significant cost savings for the British Columbia healthcare system through wider adoption of biosimilar medicines. At the same time, it provides patients with access to the critical biologic medicines they need by expanding treatment options and improving access to new medicines.