Our purpose is to pioneer access to healthcare by developing and commercializing novel, affordable high-quality medicines that address unmet medical need.
At Sandoz, we discover new ways to improve and extend people’s lives. As a global leader in developing and delivering generic and biosimilar medicines, our broad offering translates into substantial and ongoing savings for patients and payers, which help to ensure the sustainability of healthcare systems in the face of significant budgetary pressures, while also freeing up funding for innovative medicines.
Access to safe, effective and high-quality generic drugs is vital to the sustainability of the US healthcare system and plays an important role in patient health.
In the past ten years, generics have saved the US $2.2 trillion.1 In 2019 alone, the US generic industry contributed more than $313 billion1 in savings,with Sandoz medicines providing $12.1 billion.2 Generics also improve access for patients to more affordable medicines, accounting for 90 percent of prescriptions filled in the US with an average patient copay of $6.97.1
The core of Sandoz business lies in producing and distributing a broad portfolio of highquality medicines following the loss of their respective patent protection, helping secure substantial savings for patients and health systems and improving access to more affordable treatments. Sandoz is committed to doing its part for patients, healthcare professionals and communities to overcome access challenges, price medicines responsibly and affordably, and deliver increased value across the healthcare system.
2. Source: Data on file. Sandoz US Generics Savings 2019. Sandoz Inc. October 2020.
The Promise of Biosimilars
As the pioneer and a global leader in biosimilars and the first to bring a biosimilar medicine to the US1, Sandoz is committed to increasing access for patients by bringing high-quality, more affordable, potentially lifechanging biologic treatments to market.
Biosimilars can expand patient access to life-changing biologic medicines, increase healthcare savings and have an important role in creating sustainability for overburdened health systems through increased competition. Cost savings from biosimilar medicines can be used to treat more patients and have the potential to save the US healthcare system $100 billion over 5 years.2
As more biosimilars enter the US market, patients treated with biologic medicines will have access to a broader set of more affordable treatment options. An estimated 1.2 million additional patients will gain access to biologics by 2025 as the result of increasing biosimilar availability.3
2. Source: IQVIA Institute for Human Data Science. Biosimilars in the United States 2020–2024 . Published October 6, 2020. Accessed October 7, 2020.
3. Source: The Biosimilars Council. Biosimilars in the United States: Providing More Patients Greater Access to Lifesaving Medicines. Available at: http://biosimilarscouncil.org/wpcontent/ uploads/2019/03/Biosimilars-Council-Patient-Access-Study.pdf . Accessed on April 9, 2020.