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Faster Access to Affordable Generic Drugs

This act aims to accelerate the market entry of more affordable generic drugs. This means citizens could gain quicker access to lower-priced medications, potentially reducing healthcare costs and increasing the availability of important treatments.
Key points
Shortening the exclusivity period for initial generic drug manufacturers, paving the way for other companies.
Allowing faster approval of cheaper drug alternatives if initial manufacturers do not bring them to market in a timely manner.
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Additional Information
Print number: 117_S_2910
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2021-09-30