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Vizient Expresses Concern with FDA Policy on Naming of Biologic Medications

May 7, 2019

IRVING, Texas--(BUSINESS WIRE)--May 7, 2019--Vizient, Inc. today submitted comments to the Food and Drug Administration (FDA) in response to its published draft guidance on the nonproprietary naming of biological products.

We applaud the FDA’s decision not to require the addition of suffixes to the nonproprietary names of previously approved originator biologics as well as transitional biological products. However, Vizient continues to be concerned about the addition of suffixes to biosimilars and originator reference products. Vizient believes these suffixes are not only unnecessary, as existing identifiers can continue to be utilized to differentiate products successfully, but will also add to the already complex task of managing medication information. Further, the inconsistent application of the naming requirements will continue to contribute to provider reluctance to prescribe biosimilars.

“While the FDA has decided to not require suffixes for some products, Vizient recommends that the FDA applies this decision to all biologics, including biosimilars – and we look forward to continuing to work with the FDA to support strategies that increase biosimilar adoption, minimize health care costs and mitigate increasing drug expenditures to preserve access to care on this important issue,” said Steven Lucio, vice president, pharmacy solutions for Vizient.

Vizient believes that the introduction of biosimilars is a vital factor in the effort to decrease health care expenditures and rein in the rising costs of prescription drugs, and continues to support the introduction and adoption of biosimilars as alternatives to originator biologics. We hope that the FDA considers taking steps to address all barriers, both large and small, that could limit uptake of biosimilars and the opportunity for the realization of greater value for the U.S. health care market and our members.

About Vizient, Inc.

Vizient, Inc., the largest member-driven health care performance improvement company in the country, provides innovative data-driven solutions, expertise and collaborative opportunities that lead to improved patient outcomes and lower costs. Vizient’s diverse membership base includes academic medical centers, pediatric facilities, community hospitals, integrated health delivery networks and non-acute health care providers and represents approximately $100 billion in annual purchasing volume. The Vizient brand identity represents the integration of VHA Inc., University HealthSystem Consortium and Novation, which combined in 2015, as well as MedAssets’ Spend and Clinical Resource Management (SCM) segment, including Sg2, which was acquired in 2016. In 2019, Vizient again received a World’s Most Ethical Company designation from the Ethisphere Institute. Vizient’s headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States. Please visit  www.vizientinc.com  as well as our  newsroomblogTwitterLinkedIn  and  YouTube  pages for more information about the company.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190507005278/en/

CONTACT: Media Contact

Angie Boliver

(972) 830-7961

angie.boliver@vizientinc.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: PRACTICE MANAGEMENT HEALTH HOSPITALS PUBLIC POLICY/GOVERNMENT HEALTHCARE REFORM PHARMACEUTICAL OTHER POLICY ISSUES PUBLIC POLICY FDA MEDICAL SUPPLIES

SOURCE: Vizient, Inc.

Copyright Business Wire 2019.

PUB: 05/07/2019 06:00 AM/DISC: 05/07/2019 06:01 AM

http://www.businesswire.com/news/home/20190507005278/en

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