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Generic Drugs: Faster Access, Lower Prices

This act aims to accelerate the market entry of more affordable generic drugs. As a result, citizens may gain quicker access to lower-priced medications, potentially reducing healthcare costs and increasing the availability of important treatments. These changes are intended to boost competition in the pharmaceutical market.
Key points
Allows faster approval of cheaper generic drugs, even if the first generic applicant has not yet received final approval.
Shortens the exclusivity period for the first generic drug if its approval is delayed, paving the way for other manufacturers.
May lead to lower drug prices and increased accessibility for patients.
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Additional Information
Print number: 117_HR_2853
Sponsor: Rep. Schrader, Kurt [D-OR-5]
Process start date: 2021-04-26