Novartis Sees Differentiated Process for Biogenerics

Law360, New York (October 15, 2003, 12:00 AM EDT) -- Swiss pharmaceutical company Novartis expects regulators to develop diffentiated rules for approving generic biotechnology drugs, depending on their complexity, the company's chief executive told Reuters on Wednesday.

Such a regulatory scheme would allow fast-track approval of relatively simple biotech generics but require tough testing of more complicated remedies, Chairman and Chief Executive Daniel Vasella told Reuters.

Up until now, biotech drugs have been sheltered from competition because of the slow approval process for biotech generics.

Vasella's comments comes on the heels of a report in the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.