Strategies for Biogeneric Success

Bharat Book Bureau, a leading market information aggregator has put forth a report - Strategies for Biogeneric Success "http://www.bharatbook.com/detail.asp?id=20135"

What will determine success?

Development of biogeneric molecules for sale in the potentially highly lucrative US and Western European markets depends on the ability to answer three key questions positively:

Can you make the product consistently to GMP and demonstrate its essential similarity to originator products?
Having made the product, can you get it to market?
Having accessed the market, are you able to make a profit from the sales of your biogeneric product?
This report focuses on the specific strategies adopted by companies involved in the biogenerics arena, asking:

Why are specific strategies likely to be effective?

Why are particular companies more likely to be successful in the race to enter and profit from the biogenerics market in Europe and the US?

Biogenerics companies tend to adopt four main approaches. Often any one company will take more than one approach:

Focus on strategic partnerships.
Expand through acquisition.
Supply into developing markets initially, followed by Europe and eventually the US.

Develop second-generation products.

For any of these approaches to be successful, biogenerics companies will need to:

Be well financed
Possess sufficient technical capability, and be operating to Western GMP standards
Be sufficiently focused, usually on only one or two products, since they will need to understand the market segment they are entering and have sufficient finances to operate in the chosen market

Have developed or be developing effective working relationships with the regulatory authorities

Have a strong market presence

Whichever products these companies choose to develop they need to be certain that:
There is no intellectual property barrier
The product's market characteristics are such that it could deliver worthwhile profit to the producer Is the market big enough?

What is the competition like?

Are there many entrenched players in the market already?
Are there many other biogenerics players entering this market?
Are biogeneric players already producing this product outside the Western markets?
How likely are other biogenerics players to enter the market?

The earliest that biogenerics are likely to come to market is 2006, for the simpler products, such as G-CSF, rh GM-CSF and first-generation rh EPOs. However there is significant potential for delay along the route from:

Regulators wrestling with the application of new rules. An example of this is Omnitrop (recombinant human growth hormone), which the Committee for Proprietary Medicinal Products (CPMP), the scientific committee of the European Agency for the Evaluation of Medicinal Products (EMEA), recommended for approval in Europe in June 2003. Omnitrop was ultimately rejected by the European Commission in April 2004.

Innovators employing delaying tactics aimed at preventing biogenerics from taking shorter routes to approval.

Development of second-generation products that are significantly better than the originals, meaning that original products are unlikely to take significant market share.

Due to the nature and the format of the information being sold, we unfortunately cannot accept returns of products once they have been delivered. Please be sure to read all available information about a report before you place your order. If you have any questions about a report's coverage or relevance, simply contact us for assistance.

For more information, Please visit :
http://www.bharatbook.com/detail.asp?id=20135

bharatbook.com, a leading information aggregator, facilitates and supports the business information needs for market research, corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more. With over 90,000 reports, you can get instant access and insights on the studies in your areas of interest. For more information, call at +91 22 27578668 / 27579438 or email
info@bharatbook.com or our website www.bharatbook.com