Biocad receives bevacizumab biosimilar approval in Russia

December 10, 2015 7:16 AM

A Russian biopharmaceutical company Biocad obtained a marketing authorization for the bevacizumab biosimilar in Russia.

The Russian MoH has approved the new medicine on November 25, 2105.

Bevacizumab is one of the most expensive therapeutic proteins reimbursed by the Russian government, and is included in the federal list of essential drugs, which regulates pricing strategy in the domestic market and determines the maximal cost of medicinal products.

In Russia the official registered price for 400 mg of the originator product by F. Hoffmann-La Roche Ltd, is RUR 61 536 without the VAT.  Biocad’s product will be 30 % less expensive and will be available at the price RUR 43 075. Patients in Russia will have access to the new biosimilar by Q1 2016.

Biocad’s pricing strategy for bevacizumab biosimilar opens up a new perspective for reconsidering the cost/benefit ratio of anti-vascular endothelial growth factor (VEGF) therapy and increases the access to the medicine.

Biocad press release

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