But the picture is starting to change as regulators set out a clearer path for the evidence needed to secure approval of such products. That poses a threat to makers of multibillion-dollar drugs for diseases such as cancer and rheumatoid arthritis - and an opportunity for the likes of Celltrion.
Europe has already approved some simpler biosimilars, including copycat versions of human growth hormone and the anaemia treatment EPO, but it has yet to approve an antibody drug such as Remicade, which is known generically as infliximab.
Unlike traditional chemical drugs, biotech medicines consist of proteins derived from living organisms that cannot be replicated exactly. Biosimilars, therefore, are more difficult to develop and need more tests to prove they work properly.
Recommendations for marketing approval by the agency's Committee for Medicinal Products for Human Use (CHMP) are normally endorsed by the European Commission within a couple of months.
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