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Friday, August 28, 2009

MS Related: Generic versions of biologic medications are coming

Aug 28, 2009, 4:57 p.m. EST
Companies most likely to produce biogenerics

By Val Brickates Kennedy, MarketWatch

BOSTON (MarketWatch) -- The days of market exclusivity could soon come to an end for the biotech industry if Congress moves forward with plans to finally allow generic biologics on the U.S. market.

Because of their eye-popping price tags, pressure to rein in the cost of biologics has been mounting on Capitol Hill for some time. A process for approving generic versions of traditional chemical medications has been in place for more than a decade, but Congress has yet to establish a similar legal pathway for biologics.

But all that could change in the next few months. Currently, almost all of the leading healthcare reform bills circulating on the Hill call for allowing the Food and Drug Administration to establish an approval process for generic biologics, also known as biogenerics or biosimilars.

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