Summary
Authorizes a process through which to license products that are biosimilar to, or interchangeable with, a reference product. Provides a 12-year exclusivity period for the reference product. Additionally creates a one-year exclusivity period, generally, for the first biosimilar product to be determined as interchangeable for a given reference product before other such determinations can be made. Amends the Federal Food, Drug and Cosmetic Act to include biosimilar applications for purposes of user fee provisions and requires HHS to develop recommendations for Congress by January 15, 2012, regarding goals for the process of reviewing such applications and plans for meeting those goals for the first five fiscal years after FY 2012.