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Biologics are changing the way we treat disease, affecting where companies invest, and, most importantly, impacting patients’ lives. Last year, nearly half of the 37 new drugs approved by the U.S. Center for Drug Evaluation and Research (CDER) were biologics, while its partner agency—the U.S.  Center for Biologics Evaluation and Research (CBER)—approved a dozen additional products.  These approvals span many modalities and cover a range of conditions, including many rare and hard-to-treat diseases.