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Biological Drugs

Biological, or Biologic, drugs are those made by or from living organisms (i.e. gene therapy, vaccines, antibodies, stem cells); such drugs, and their generic forms, known as biosimilars or follow-on biologics, are regulated by the FDA.

Resource-based Relative Value Scale

A formula that determines set Medicare payments for physician services using inputs of the resources used (physician work, the cost of providing the service, and…