By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Latest World News UpdateLatest World News UpdateLatest World News Update
Notification Show More
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Reading: USFDA moves to accelerate biosimilar development and lower drug costs – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > USFDA moves to accelerate biosimilar development and lower drug costs – World News Network
Business

USFDA moves to accelerate biosimilar development and lower drug costs – World News Network

worldnewsnetwork
Last updated: October 31, 2025 12:00 am
worldnewsnetwork
Share
3 Min Read
SHARE

New Delhi [India], October 31 (ANI): The U.S. Food and Drug Administration (FDA) has announced major steps to make it faster and less costly to develop biosimilar medicines, lower-cost “generic” alternatives to biologic drugs used to treat serious and chronic diseases.
In a new draft guidance, the FDA has proposed major updates aimed at simplifying biosimilarity studies and reducing unnecessary clinical testing.
The agency also launched a separate initiative to make it easier for biosimilars to be developed as interchangeable with brand-name biologics, allowing patients and pharmacists to choose affordable options more easily.
It also noted that the expensive biologic drugs account for only 5 per cent of prescriptions in the U.S. but make up 51 per cent of total drug spending as of 2024.
Although FDA-approved biosimilars are as safe and effective as branded biologics, their market share remains below 20 per cent.
So far, the FDA has approved 76 biosimilars, which is only a small fraction compared to more than 30,000 approved generic drugs. Notably, only about 10 per cent of biologic drugs expected to lose patent protection in the next decade currently have a biosimilar in development.
Health and Human Services Secretary Robert F. Kennedy Jr. said, “Today’s announcement of biosimilar reform furthers President Trump’s directive to lower drug prices for the American people. This bold action by the FDA accelerates biosimilar development, drives market competition, expands patient options, and advances our mission to Make America Healthy Again.”
FDA Commissioner Marty Makary, M.D., M.P.H., added that biosimilars could significantly reduce healthcare costs. “By streamlining the biosimilar development process and helping advance interchangeability, we can achieve massive cost reductions for advanced treatments for cancer, autoimmune diseases, and rare disorders affecting millions of Americans,” he said.
The FDA’s new draft guidance, “Scientific Considerations in Demonstrating Biosimilarity to a Reference Product: Updated Recommendations for Assessing the Need for Comparative Efficacy Studies,” is based on data and experience since the first biosimilar approval in 2015.
Comparative efficacy studies, which take one to three years and cost about USD 24 million on average, have shown low sensitivity compared to other analytical assessments. The updated guidance now allows developers to rely more on analytical testing instead of human clinical studies.
Additionally, the FDA will generally no longer recommend “switching studies” that were previously required for interchangeable biosimilars but not for generic drugs. These changes are expected to reduce development time, costs, and confusion among patients.
The biosimilar approval pathway was created in 2010 under the Biologics Price Competition and Innovation Act to promote competition in markets dominated by high-cost biologics. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Piyush Goyal reaffirms govt’s commitment to strengthening DeepTech ecosystem – World News Network

India should halt sanctioned oil imports, seek tariff relief, and fair trade talks with US: GTRI – World News Network

SK Group, Nvidia to build AI factory with 50,000 GPUs – World News Network

PNB MetLife’s 360 BIZ Delivers Insurance Innovation – World News Network

Samsung, Nvidia partner to build next-gen AI megafactory for chip production – World News Network

Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article NimbusPost Launches ‘Nimbus Checkout’ – The Only Pay-Per-Prefill Checkout for Shopify Sellers – World News Network
Next Article “There is a generational leap”: Shweta Basu Prasad teases her character in Huma Qureshi starrer ‘Maharani Season 4’ – World News Network
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

- Advertisement -

Latest News

Chhattisgarh: PM Modi set to inaugurate Tribal Freedom Fighters museum in Raipur – World News Network
National November 1, 2025
“We celebrate the spirit of excellence and industrious nature”: PM Modi extends greetings on Kannada Rajyotsava – World News Network
National November 1, 2025
“Record-breaking milestone”: Nadda celebrates India’s three Guinness World Records titles – World News Network
National November 1, 2025
“Dawn of a new era”: CM Vijayan declares Kerala free from extreme poverty – World News Network
National November 1, 2025

Sports

“Learned a lot from him”: Abhimanyu Easwaran hails Gautam Gambhir’s impact on his batting – World News Network
Sports
“I just stood there and god fought for me, can’t take credit…”: Jemimah after memorable ton for India against Australia in WC semifinal – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

Keanu Reeves joins ‘Deadpool’ director Tim Miller for new sci-fi film ‘Shiver’ – World News Network
Entertainment
Josh Brolin reveals he auditioned 350 times before landing his first movie role – World News Network
Entertainment
Latest World News UpdateLatest World News Update
Follow US
Copyright © 2023 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?