Understanding How ‘Biosimilar’ Drugs Can Expand Access and Affordability

(StatePoint) Biological drug products (biologics) — which can be made of sugars, proteins, living cells, tissues, or a combination of these — are providing new options for patients with conditions such as diabetes, arthritis, chronic bowel diseases, macular degeneration, and multiple sclerosis, among others. In many cases, these therapies are helping shift treatment from acute care to long-term disease management. Doctors and evidence suggest that certain cancers are increasingly being managed as chronic conditions thanks to innovative biologics. But there is a catch: These drugs can be notoriously expensive, with or without insurance.ping

That is where biosimilars step in. Biosimilars are highly similar versions of complex biologics that deliver the same clinical benefits, expanding access to advanced therapies that might otherwise be out of reach. Biosimilars are designed to provide the same clinical benefits as their reference biologics, often at lower cost. Biosimilars delivered nearly $20 billion in savings in 2024 alone, according to a recent analysis published in JAMA.