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  • Lucentis biosimilars occupy 16% of mkt in 1 year
  • by Chon, Seung-Hyun | translator Kang, Shin-Kook | Jun 19, 2024 05:46am
And increases savings in insurance health finances
Lucentis market in Q1 reach KRW 4.6 billion¡¦ decreases 40% in 2 yrs
Lucentis¡¯s price cut 30% due to the release of Samsung Bioepis and Chong Kun Dang¡¯s release of biosimilars
Despite the low market occupancy of the biosimilars, the original drug price cut that followed contributed to financial savings
The market size for the eye disease drug Lucentis has shrunk significantly. Last year, its biosimilars entered the market and reduced the drug price of Lucentis, reducing the market size. Although the market share of the two biosimilars remains a mere 16%, the price reduction of Lucentis saved more than KRW 10 billion in annual health insurance finances.

According to drug research institution IQVIA, the market size of ranibizumab in Q1 was KRW 4.6 billion, down 9.7% YoY. Ranibizumab is the active ingredient contained in Lucentis.

Lucentis, which is marketed by Roche and Novartis, is a drug used to treat eye diseases such as macular degeneration and diabetic macular edema. It is indicated for the treatment of ¡ãneov
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