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Drug Firms to Now Face Bans for Fake Claims, as Govt to Tweak Rules

FDA will halve biosimilar approval times to boost competition and cut drug costs, with biosimilars saving $20 billion in U.S. health-care costs last year, officials said.

Summary by Live Mint
The tightening of the rules assumes significance for India, the world’s largest supplier of generic medicines, exporting over 20% of global volumes to more than 200 countries, including the US and EU.

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FDA plans to speed approvals of biosimilars

·Washington, United States
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Axios broke the news in Washington, United States on Wednesday, October 29, 2025.
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