FDA Moves to Accelerate Biosimilar Development and Lower Drug Costs
FDA Works to Speed Up Biosimilar Development and Reduce Drug Prices The FDA has announced new measures to accelerate the development of biosimilar medicines, which are lower-cost alternatives to biologic drugs. These updates include simplifying biosimilarity studies and reducing unnecessary clinical testing, aiming to make it easier for biosimilars to be developed as interchangeable with brand-name biologics. Expensive biologic medications account for a significant portion of U.S. drug spending. While the FDA has approved 76 biosimilars, their market share remains below 20%. The new guidance reduces the resource-intensive requirement for developers to conduct comparative human clinical studies, allowing them to rely more on analytical testing. This is based on the FDA's data since the first biosimilar approval in 2015. The FDA aims to promote competition in markets dominated by high-cost biologics and provide additional treatment options for conditions like cancer, rheumatoid a...