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1.10.5 Drug Tendering

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The goal of pharmaceutical procurement is to purchase high‐quality products with reliable supplier service and the lowest possible price. One method to contain spending is tendering, a formal procedure using competitive bidding for a particular contract; tendering is used when equivalents for a specific medicine are available, and is defined as “any formal and competitive procurement procedure through which offers are requested, received and evaluated for the procurement of goods, works or services, and as a consequence of which an award is made to the tenderer whose tender/offer is the most advantageous”82. Drug tendering may influence biosimilar uptake and price.82

Biologics, Biosimilars, and Biobetters

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