FDA & Government News

FDA Pushes Faster, Cheaper Route for Biosimilar Approval

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The FDA has released new draft guidance to streamline the development of biosimilars, aiming to reduce costs and enhance access to lower-priced biologic therapies. Acknowledging that biosimilars, despite being therapeutically equivalent to branded biologics, represent less than 20% of the market, the FDA aims to simplify biosimilarity assessments by minimizing unnecessary clinical trials. This initiative, aligning with the Biologics Price Competition and Innovation Act of 2010, is expected to expedite the entry of quality biosimilars into the US market.

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