The high cost of pharmaceuticals, especially Biologics, has been proven as an issue in the battle to control healthcare costs. The Biologics Price Competition and the Innovation Act has put forward the generic competition of Biologics or what is popularly called the Biosimilars. Biosimilars have been available in the European market since 2006, and have recently entered the US market. The Biosimilars had a rough start, as they were not accepted in both the US market and the European market till few years ago, mainly because the term Biosimilar was misused. They were being misinterpreted as the non-trustable version of Biologics, as people believed that biosimilars woul...
