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Biosimilar Market to Expand Steadily with CAGR of 18.32%, Targeting $125.32 Billion by 2034
What Are Biosimilars?
Biosimilars are highly similar, safe, and effective alternatives to approved biologic drugs. While not exact copies like generics, they closely match the original biologics in structure and function. Made from living cells, they undergo a rigorous—though slightly simplified—approval process to ensure they meet standards for potency, safety, and purity once the original drug's patent expires.
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