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Understanding How ‘Biosimilar’ Drugs Can Expand Access and Affordability
Biosimilars are highly similar versions of complex biologic medicines that provide the same clinical benefits and may expand access to advanced treatments.
They are often less expensive than their reference biologics, offering patients more affordable treatment options.
A JAMA analysis reported that biosimilars generated nearly $20 billion in savings during 2024.
The U.S. FDA requires evidence that biosimilars have no clinically meaningful differences in safety, purity, or effectiveness, and research supports switching without reduced safety or effectiveness.