The document defines drugs and devices under the Drugs and Cosmetics Act of 1940 in India. It states that drugs include all medicines, substances and components for internal or external use, while devices are meant to treat, mitigate or prevent disease. Biologics and biosimilars are also included. The document then provides definitions and explanations of biotechnology, biopharmaceuticals, proteins drugs, pegylation, biologics vs biosimilars, and the FDA approach to biosimilars.