News and Media

Latest News Release
01/31/2024

Transaction creates increased clinical and economic value for 11,500 specialty providers, including more than 7,000 physicians across 1,200 independent physician practices Transaction creates...

Top feature box IMAGE ONLY - COMPANY NEWS

Press Releases

Cardinal Health Predicts 2022 to be Turning Point for Biosimilars in the U.S.
02/07/2022
New report includes research findings on insulin biosimilars use among retail pharmacists and physicians

DUBLIN, Ohio, Feb. 7, 2022 /PRNewswire/ -- Today Cardinal Health published its 2022 Biosimilars Report: The U.S. Journey and Path Ahead, a publication that brings together the latest industry data on biosimilar utilization and payer coverage with survey data from healthcare providers, and views from leading physicians and experts on biosimilars. The report delivers robust data and insights on where biosimilar adoption stands today in the U.S. and what is expected in 2022 and beyond as biosimilars come to market in key disease categories such as diabetes and immunology.

"2022 is set to be a turning point in the U.S., as biosimilars expand into new therapeutic areas and sites of care, and reimbursement models continue to evolve," said Heidi Hunter, President of Cardinal Health Specialty Solutions. "Our new biosimilars report demonstrates that, while market challenges remain, most healthcare providers have a strong interest in using biosimilars to broaden patient access and drive more affordable care for their patients."

The report features data from biosimilar surveys with more than 320 oncologists, 100 rheumatologists, 100 retina specialists, 50 endocrinologists and primary care physicians treating diabetes, and 115 retail pharmacists, conducted in 2020 and 2021.

Among the featured research are results from a new insulin biosimilar survey with retail pharmacists showing that only about 40% feel very prepared to discuss biosimilars with patients. In addition, only 20% say they are very familiar with the FDA's interchangeability designation, which enables them to substitute insulin biosimilars in place of reference biologics, indicating a significant need for further education among pharmacists.

The 2022 Biosimilar Report also includes:

  • U.S. biosimilar adoption and market share data
  • A synopsis of key biosimilar milestones in 2021
  • Payer coverage trends of biosimilars by therapeutic area
  • The pipeline of biosimilars expected to launch in the U.S., 2022-2029
  • Five biosimilar predictions for 2022

The 2022 Biosimilar Report: The U.S. Journey and Path Forward can be accessed at www.cardinalhealth.com/biosimilarsreport.

About Cardinal Health 
Cardinal Health (NYSE: CAH) is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With 50 years in business, operations in more than 30 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com.

Contacts
Media: to request a copy of the report, please contact Marcia Frederick, marcia.frederick@cardinalhealth.com and (614) 757-9968.

 

SOURCE Cardinal Health

More Company News
05/07/2024

Cardinal Health (NYSE: CAH) announced today that its Board of Directors approved an increase to its quarterly dividend, to $0.5056 per share, out of the Company's capital surplus. The dividend...

05/02/2024

Revenue increased 9% to $54.9 billion GAAP1 operating earnings were $367 million; GAAP diluted EPS was $1.05 Non-GAAP operating earnings increased 10% to $666 million; non-GAAP diluted EPS...

04/22/2024

Cardinal Health (NYSE: CAH) announced today that its pharmaceutical distribution contracts with OptumRx, which expire at the end of June 2024, will not be renewed. The company reaffirmed its...

04/02/2024

The Consumer Health Logistics Center will be located in Central Ohio and serve as a centralized hub for distribution of consumer health products COLUMBUS, Ohio, April 2, 2024 /PRNewswire/ --...

View all company news »