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Prohibiting Pay-for-Delay Drug Deals: Lowering Medication Costs

This act aims to lower drug prices by prohibiting brand-name drug companies from paying generic companies to delay the market entry of cheaper alternatives. This means citizens can expect faster access to more affordable medications, positively impacting their personal finances and healthcare access.
Key points
Bans payments for delaying the market entry of generic and biosimilar drugs, aiming to boost competition.
Introduces financial penalties for companies violating these rules, discouraging unfair practices.
Requires certification of agreements between companies to ensure transparency and prevent hidden deals.
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Additional Information
Preserve Access to Affordable Generics and Biosimilars Act
Print number: S 1428
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-04-28