Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Bring on the biogenerics!

We’re all familiar with generic drugs, and they’ve been available in the U.S. for a long time now. However, there is a distinction that many aren’t aware of, and it hinges on the definition of chemical vs. biological drugs. The FDA has the authority to approve generic drugs that are based on chemical combinations, but does not have that same authority when it comes to drugs that are developed through biological processes.

Biogenerics have been available in other countries, particularly Europe, for some time, and under the new health care law, the FDA will now be able to approve biogenerics for sale in the U.S. That’s good news for Chicagoland companies like Lake Forest-based Hospira Inc. (which already sells biogenerics in Europe), and Therapeutic Proteins Inc., which is relocating from Deerfield to Chicago. It should also be good news for consumers, to the tune of billions of dollars annually. Of course, when compared to recently-revealed projections from the Centers for Medicare and Medicaid Services that predict health care costs rising by hundreds of billions of dollars under the new law, the savings from biogenerics is a relative paramecium.

Still, it’s progress, and we’ll take it. As long as nobody from Lehman Brothers gets involved. :)




  • Baseball Hall of Fame
    The Baseball Hall of Fame in Cooperstown welcomes six new inductees
  • 2012 do-over
    If we were to re-do the 2012 election, a new poll suggests Romney would win
  • Boko Haram
    Boko Haram kidnaps the wife of the vice prime minister of Cameroon
    World News
  • Ceasefire breaks
    Israel's Benjamin Netanyahu claims Hamas broke another brief ceasefire
  • Close call with CME
    Scientists tell how Earth survived a giant solar flare back in 2012
  • Comic-Con
    What's going on at Comic-Con? Get all the latest updates here