FDA & Government News

FDA Pushes Faster, Cheaper Route for Biosimilar Approval

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7 Key Takeaways
  • 1

    Biologics account for 5% of prescriptions but over half of drug spending.

  • 2

    FDA aims to accelerate biosimilar access through new guidance.

  • 3

    The guidance focuses on simplifying biosimilarity assessments.

  • 4

    Current market share of biosimilars is less than 20%.

  • 5

    FDA has authorized 76 biosimilar products since 201

  • 6

    Comparative efficacy studies are costly and their necessity is minimized by the new guidance.

  • 7

    Initiative aligns with the Biologics Price Competition and Innovation Act of 20

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