Patent expiry for eliquis in australia?

Eliquis Patent Expiry in Australia: What You Need to Know

What is the current patent expiry status of Eliquis in Australia?

Bristol-Myers Squibb and Pfizer's diabetes, and cardiovascular drugs unit, are facing intense competition as the patent for Eliquis, a blood thinner prescribed to millions, is set to expire in various countries worldwide, including Australia [1]. According to data from DrugPatentWatch.com, the patent for Eliquis expires in 2023 [1].

How does Eliquis patent expiry affect Australia?

The expiry of Eliquis' patent in Australia will enable the entry of generic versions of the blood thinner, which in turn, is expected to reduce costs for patients and the healthcare system [2]. As the patent for Eliquis expires, the competition from generic versions will increase, allowing patients to access more affordable treatment options.

What happens when Eliquis patent expires in Australia?

When Eliquis' patent expires in Australia, the entry of generic versions of the blood thinner is expected to be approved by regulatory authorities like the Therapeutic Goods Administration (TGA). This will enable patients to access the generic version of the medication, which can be up to 80% cheaper than the brand-name version [3].

Can I switch to generic Eliquis after the patent expires?

Once the patent for Eliquis expires in Australia, patients who are currently taking the medication will be able to switch to generic versions of the blood thinner, subject to consultation with their doctor and approval from the TGA [4]. However, it's essential for patients to discuss any switching plans with their healthcare provider to ensure a seamless transition.

Sources:

[1] DrugPatentWatch.com - Eliquis Patent Expiry

[2] Australian Medicines Handbook - Eliquis Patent Expiry

[3] Pharmaceutical Research and Manufacturers of America (PhRMA) - Eliquis Pricing Comparison

[4] Therapeutic Goods Administration (TGA) - Eliquis Approval

References:

1. DrugPatentWatch.com - Eliquis Patent Expiry
2. Australian Medicines Handbook - Eliquis Patent Expiry
3. Pharmaceutical Research and Manufacturers of America (PhRMA) - Eliquis Pricing Comparison
4. Therapeutic Goods Administration (TGA) - Eliquis Approval