Whilst the reproducibility of models in the area of systems biology and quantitative systems pharmacology has been the focus of attention lately, the concept of ‘reusability’ is not addressed. With the advent of the ‘Model Master File’ dominating some regulatory discussions on pharmaceutical applications of physiologically‐based pharmacokinetic (PBPK) models, reusability becomes a vital aspect of confidence in their use. Herein, we define ‘reusability’ specifically in the context of PBPK models and investigate the influence of open versus non‐open source‐code (NOSC) nature of the software on the extent of ‘reusability’. Original articles (n = 145) that were associated with the development of novel PBPK models were identified as source models and citations to these reports, which involved further PBPK model development, were explored (n > 1800) for reuse cases of the source PBPK model whether in full or partial form. The nature of source‐code was a major determinant of external reusability for PBPK models (>50% of the NOSC models as opposed <25% of open source‐code [OSC]). Full reusability of the models was not common and mostly involved internal reuse of the OSC model (by the group who had previously developed the original model). The results were stratified by the software utilised (various), organisations involved (academia, industry, regulatory), and type of reusability (full vs. partial). The clear link between external reuse of models and NOSC PBPK software might stem from many elements related to quality and trust that require further investigation, and challenges the unfounded notion that OSC models are associated with higher uptake for reuse.