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Faster Access to Affordable Medicines: Stopping Competition Blockades

This bill aims to speed up the market entry of cheaper generic and biosimilar drugs. It prevents pharmaceutical companies from blocking competition by filing baseless petitions, which should lower drug prices and increase their availability for citizens.
Key points
Facilitates access to more affordable generic and biosimilar drugs, potentially lowering healthcare costs for citizens.
Imposes financial penalties on companies that intentionally delay the approval of cheaper drug alternatives.
Strengthens the Federal Trade Commission's role in combating unfair market practices in the pharmaceutical industry.
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Additional Information
Print number: 117_HR_2883
Sponsor: Rep. Jeffries, Hakeem S. [D-NY-8]
Process start date: 2021-04-28