
Biosimilar is a medical product that is almost an identical copy of an existing drug manufactured by a different company. They require independent approval through clinical trials. The Biosimilar market is an expanding market. Approximately 30% of drugs sold globally are biopharma drugs. 40% of prescription drug spending in the US is on biologic drugs. Filgrastim is used as a medication for treating low levels of blood neutrophils caused by chemotherapy, HIV/AIDS, radiation poisoning or some other unknown source. It stimulates the growth of white blood cells which are used to fight infections in the body. Pegfilgrastim biosimilar is an existing medical product that fights low white blood cell levels. The Pegfilgrastim biosimilar market is an expanding market in the US. Pegfilgrastim biosimilar is the long-acting drug form of Filgrastim. It has a human half-life of approximately 15-80 hours, which is more than the parent Filgrastim. Pegfilgrastim biosimilar named Fulphila (Pegfilgrastim-jmdb), produced by Biocon/Mylan, collaboration has recently been approved by the US FDA as the first Biosimilar to Neulasta, which is an existing medical product used to treat low blood neutrophils levels. Pegfilgrastim Biosimilar is almost identical to Neulasta, which was the first drug used to fight low neutrophils levels.