Most Popular Stories
- Health IT stimulus includes Medicare EMR incentives
- Humana slammed after posting 65 percent increase in third quarter profits
- Initial 'meaningful use' standards to be simple, as deadline is in sight
- Comparative effectiveness looks like a real game-changer
- Study: Current EMRs don't have measurable impact on cost or quality
- Medical liability premiums dropping nationwide
Featured Jobs
-
Physician Assistant Job in North Carolina
StaffPointe, LLC - near Raleigh, NC -
Pulmonary/CC Physician Job in Indiana
StaffPointe, LLC - Kokomo , IN -
Primary Care Physician Provider
Rooks County Health Center - plainile, KS -
Rheumatology Practice in New York
StaffPointe, LLC - west, NY -
Neurology Job in Florida
StaffPointe, LLC - near Orlando, FL
Events
- Harvard Business School 7th Healthcare Conference
January 30, 2010 - Security Audits: Is Your Organization Prepared and In Compliance?
Dec.3 at 12 pm CT
Paid Research Reports
- Pricing and Reimbursement in Key Asia Pacific Markets
- Delivery Mechanisms for Large Molecule Drugs: Successes and failures of leading technologies and key drivers for market success
- The Cardiovascular Market Outlook to 2013: Competitive landscape, global market analysis and pipeline analysis
- Intellectual Property and Outsourcing in China: Minimizing risk whilst maximizing return on investment
- Health Care Equipment & Supplies: Global Industry Guide
- 2009 Trends to Watch: Healthcare Technology
FEATURES >> YouTube | Top acute-care hospitals | Women in Health IT | Top BlackBerry Apps | Commentary
TOPICS >> Stimulus | Health Reform | CMS News | Finance | EMRs | Mobile Healthcare | Hospital Leadership Blog
Free Newsletter
FierceHealthcare is the leading source of healthcare management news for healthcare industry executives. Join 50,000+ healthcare industry insiders who get FierceHealthcare via daily email. Sign up today!
Popular Topics
- Medicare
- health plans
- Centers for Medicare and Medicaid Services (CMS)
- Insurance
- Electronic Medical Records (EMRs)
- Food and Drug Administration (FDA)
- Department of Health and Human Services (HHS)
- Medicaid
- American Medical Association (AMA)
- healthcare system
- health reform
- prescription drugs
- pharmaceutical companies
Congress mulls generics for biologic drugs
The U.S. Senate is holding hearings this week on a bill which would give the FDA the ability to approve generic versions of biologic drugs. If approved, the measure could potentially save the federal health programs $71 billion over the next ten years, according to some estimates. To date, the FDA has said that it doesn't have the power to approve generic versions of these very expensive drugs, which include insulin, human growth hormone and therapies that treat multiple sclerosis. (It did approve Novartis' human growth hormone copycat Omnitrope last year.) But the new bill, which is sponsored by Democratic senators Charles E. Schumer and Hillary Clinton, would allow these generics to come onto the market quickly if they're "comparable" to the brand-name drug. Critics--particularly branded drug makers--have long held that biologic therapies are too complex to permit knockoffs from competing with them.
The proposed legislation has garnered strong support from employers like General Motors, whose healthcare budgets are being strained by the cost of biologics treatments. Sen. Edward M. Kennedy, meanwhile, expressed support for a more conservative approach--along the lines of that taken by European regulators--in which the requirements for approval of generic biologics would vary depending on the complexity of the drug. Critics of Kennedy's proposal note that such additional requirements could add millions to the cost of developing generic biologics.
To learn more about the debate:
- read this article from The Boston Globe
Related Articles:
Generic drug makers line up for biogenerics. Report
Governors push for cheaper insulin. Report
Biotech drug prices hitting ceiling? Report
Related Stories
- SPOTLIGHT: FDA can't manage foreign drugmaker inspections
- ALSO NOTED: FDA investigates Roche, Novartis transplant drugs; Maryland hospital fined for radiation errors; and much more...
- SPOTLIGHT: Study: Last-minute drug approvals less safe
- GAO to study FDA's post-approval review process
- SPOTLIGHT: FDA plans to issue more early warnings
- Drugmakers face direct-to-consumer ad ban
- FTC: Pharmas cut 14 deals to delay generic sales in '07
- ALSO NOTED: Salmonella on Discovery shuttle is first step in biotech space program; After initial shock, providers adjusting to
- SPOTLIGHT: Revised study still finds that FDA approval rush may cause harm
- AARP fights for generic biologic drugs
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2009 FierceMarkets, Inc. All rights reserved. |
![]() |





