Drug giant Novartis is gearing up to release a cheaper EpiPen rival, but one big factor may make competition tricky
- Novartis' Sandoz expects to launch an EpiPen rival in the first quarter of 2019.
- A two-pack will cost $250, which is less than other EpiPen products.
- Symjepi was first approved in mid-2017 and has had an unusually long path to market.
Drug giant Novartis' Sandoz division plans to launch an EpiPen rival in early 2019, marking an end in sight for the 17-month saga that has stretched since the product, Adamis' Symjepi, was first approved by U.S. regulators.
With a price tag of $250 for a two-pack, Symjepi is priced less than other products in the allergic reaction treatment market.Symjepi's price is "about 16.5% less" than Mylan's authorized generic EpiPen and a generic EpiPen product put out by Teva, Novartis said in a press release. The product is also set to launch amid an EpiPen shortage.
But other factors may make competition tricky.
Symjepi, an emergency treatment for allergic reactions, consists of a syringe that is pre-filled with the rescue medication epinephrine.
Though it could be useful in medical settings like hospitals in particular, those with allergies who don't have medical training may be reluctant to inject a syringe themselves.
Novartis' Sandoz plans to launch the higher-dose version of Symjepi, which is intended for those who weigh 66 pounds or more, in the first quarter of 2019. The lower-dose Symjepi, intended for patients between 33 pounds and 66 pounds, was just approved in late September.
After failing to get approval from the FDA in 2015 and again in 2016, Symjepi was approved the following year. Many saw an opening for the product in the aftermath of a scandal around the escalating price of Mylan's EpiPen.
The company then had an extended search for a commercial partner, frustrating investors, which culminated in a July partnership with Sandoz.
Now, "with manufacturing completed, we are well underway to ensure appropriate supply of this life-saving medicine for healthcare professionals and patients in need of a new treatment option," Novartis said in a press release.
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