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Easier Biosimilar Approval: Lower Costs, Wider Access to Medicines

This act aims to simplify the market entry of biosimilar drugs, which are more affordable alternatives to expensive biological medicines. Citizens can expect lower treatment costs and broader access to necessary therapies. These changes may reduce medication expenses for patients and healthcare systems.
Key points
Streamlining the approval process for biosimilar drugs, potentially speeding up their availability.
Potential for lower prices of biological drugs due to increased market competition.
Greater choice of medicines for patients and doctors, which may improve healthcare quality.
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Additional Information
Print number: 117_HR_7047
Sponsor: Rep. Schrader, Kurt [D-OR-5]
Process start date: 2022-03-09