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Oncology Biosimilars are biotechnology-based drugs that are designed to replicate the therapeutic effects of existing biologic drugs used to treat cancer. These drugs are developed using advanced biotechnology techniques, such as recombinant DNA technology, to create a molecule that is similar to the original biologic drug. Oncology Biosimilars are intended to provide a cost-effective alternative to the original biologic drug, while still providing the same therapeutic benefits.
Oncology Biosimilars are regulated by the FDA and must meet the same safety and efficacy standards as the original biologic drug. The approval process for Oncology Biosimilars is more rigorous than that of generic drugs, as the FDA requires additional clinical trials to demonstrate the safety and efficacy of the drug.
Oncology Biosimilars are becoming increasingly popular as a cost-effective alternative to the original biologic drugs. As the cost of biologic drugs continues to rise, Oncology Biosimilars offer a more affordable option for patients.
Some companies in the Oncology Biosimilars market include Amgen, Pfizer, Merck, and Novartis. Show Less Read more