Biologic Drugs. What are they? Why are they so expensive? What is the solution?

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Generic drugs play an important role in reducing health care costs. Historically, Congress has attempted to maintain a balance between providing affordable medicine in the form of generics, while protecting the income of pharmaceutical companies who spend millions of dollars and years of research to launch a new drug. If too much emphasis is placed on producing generic drugs, there will not be incentive for investors to fund new research. In short, there will be no drug for the generic to imitate. In the field of biologics, the United States does not have a legal option to produce generics. Currently, generic drugs are not an option in the high priced sector of biologics. This paper examines the impact of legislation on drug pricing and how an entire class of cost-saving generic drugs has been excluded from the consumer.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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