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This act aims to lower drug prices by prohibiting delays in market entry of cheaper alternatives.

This act aims to increase the availability of more affordable generic and biosimilar drugs. It prohibits pharmaceutical companies from paying other companies to delay the market entry of cheaper alternatives. As a result, citizens can expect lower drug prices and greater choice, positively impacting their personal finances and access to healthcare.
Key points
Prohibits payments to delay the market entry of cheaper generic and biosimilar drugs.
Introduces financial penalties for companies violating this prohibition, discouraging unfair practices.
Aims to increase competition in the pharmaceutical market, which should lead to lower drug prices for consumers.
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Additional Information
Preserve Access to Affordable Generics and Biosimilars Act
Print number: HR 2891
Sponsor: Rep. Nadler, Jerrold [D-NY-10]
Process start date: 2021-04-28