FDA Issues Proposal on Lower-Cost, Generic Biotech Drugs

Share this content:
FDA Issues Proposal on Lower-Cost, Generic Biotech Drugs
FDA Issues Proposal on Lower-Cost, Generic Biotech Drugs

THURSDAY, Aug. 27, 2015 (HealthDay News) -- A proposal for identifying lower-cost generic biotech drugs has been released by the U.S. Food and Drug Administration.

Many newer biotech drugs cost more than $10,000 a year and this class of drugs accounts for nearly 30 percent of all drug spending in the country, according to the Associated Press. Earlier this year, the agency approved the first biosimilar drug, the term for generic biotech drugs.

Under the FDA proposal, all biotech drugs would carry a four-letter code to help doctors and pharmacists distinguish brand name and generic versions, the AP reported. Public comments on the proposal will be accepted for 60 days before the FDA moves to finalize the rule.

Generic biotech drugs have been available in Europe since 2006 and about 20 have been approved there, the AP reported.

More Information

Share this content:

is free, fast, and customized just for you!




Already a member?

Sign In Now »

Drug Lookup

Browse drugs by: BrandGenericDisease

Trending Activities

All Professions



Sign up for myCME e-newsletters




More in Home

FDA Approves First Generic Under-the-Tongue Suboxone

FDA Approves First Generic Under-the-Tongue Suboxone

May only be prescribed by Drug Addiction Treatment Act-certified prescribers

Kellogg's Honey Smacks Cereal Recalled Due to Salmonella Risk

Kellogg's Honey Smacks Cereal Recalled Due to <i>Salmonella</i> ...

Twenty-four people have been hospitalized, but no deaths have been reported

Portable Music Player Use Linked to Hearing Loss in Children

Portable Music Player Use Linked to Hearing Loss ...

Increased odds of high-frequency hearing loss with portable music player use

is free, fast, and customized just for you!




Already a member?

Sign In Now »