arrow_back Back to App

Stopping Drug Monopolies: Faster Access to Affordable Generic Medicines

New rules aim to speed up the market entry of cheaper generic and biosimilar drugs. The Federal Trade Commission (FTC) gains tools to penalize companies that intentionally delay this process by filing baseless petitions. This could lead to lower drug prices and more choices for patients.
Key points
The FTC can penalize companies filing baseless petitions to delay generic drug approval.
Financial penalties can be substantial, including revenue from drug sales or $50,000 per day of delay.
The goal is to increase competition in the pharmaceutical market and facilitate access to more affordable medicines.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1425
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-04-28