More providers could start offering the generic version of expensive treatments for things like cancer

We know that generic drugs are designed to work the same way as name brand drugs, but for a lower price. An emerging group of medications called biosimilars are aiming to do the same thing for biologic drugs.

So, if biosimilars can reduce that cost, it could make a big difference in the lives of people dealing with things like cancer, multiple sclerosis, and rare diseases. "This is kind of why biosimilars have come to market. They cost on average, about 50% less than reference products or brand products, but some can cost up to 85% less."

Since biologic drugs are made from living organisms, it's impossible to replicate them exactly. But a very similar drug can be made, hence the name biosimilar.

Source: Education Headlines (educationheadlines.net)

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