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Insmed President Interviewed for Follow-On Biologics Podcast: Insmed Inc. President Steve Glover Discusses Safe and Effective Biologic Therapies and Reduced Costs with The American Magazine
Date:1/29/2008

LOCATION: http://content.onstreammedia.com/content/multivu/18240/31602.mp3

RICHMOND, VA, January 29 /PRNewswire/ -- The American Magazine has just released a Podcast interview with Insmed Therapeutic Proteins President Steve Glover on how a generic, or follow-on biologics, industry is good for patients and can stem soaring healthcare costs as new therapies increasingly come from biotechnology. The American Magazine is the American Enterprise Institute's magazine of business and economics.

In the podcast, Mr. Glover discusses the need for Congress to establish a clear pathway for the approval, regulation and production of follow-on biologics, enhancing access to biologics therapies for millions of Americans, as the 1984 Hatch-Waxman Act did for pharmaceuticals.

Follow-on biologics are versions of approved biologics that are developed after the original product has been created with the intention of marketing them after the patent on the innovator product has expired, thus bringing competition to monopolistic markets.

Biologics comprise one of the fastest growing and most expensive categories of drugs. It is estimated that 50% of approved pharmaceuticals in 2010 will be biotechnology products, with sales estimated to reach $90 billion.

According to published reports, an estimated $10 billion worth of biologic drugs are expected to come off patent by 2010 (with an additional $10 billion by 2015) but currently are immune from competition. Follow-on biologics would provide safe and effective therapies at a reduced cost following the expiration of the original product's patent.
When: The Podcast is available for immediate download.

Where: http://content.onstreammedia.com/content/multivu/18240/31602.mp3

How: Go to the URL above,
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SOURCE The American Magazine
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