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Faster Generic Drug Review: New FDA Rules

This act aims to speed up the review process for generic drugs by the Food and Drug Administration (FDA). This means citizens could get access to more affordable drug alternatives sooner, potentially lowering healthcare costs and increasing access to important treatments.
Key points
The FDA will be required to determine therapeutic equivalence for generic drugs within 30 days of their approval.
This will accelerate the market entry of more affordable drug versions, potentially reducing healthcare expenses.
The act mandates that the FDA simultaneously review similar drugs, streamlining the process and ensuring consistent decisions.
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Additional Information
Modernizing Therapeutic Equivalence Rating Determination Act
Print number: S 1463
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2021-04-29