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Drug Price Negotiation: Small-Molecule Drug Period Extended.

This bill aims to extend the period during which pharmaceutical companies can negotiate prices for small-molecule drugs with the government. This change could affect the availability and pricing of certain medications, potentially delaying price reductions for patients.
Key points
The drug price negotiation period for small-molecule drugs will be extended from 7 to 11 years.
This change seeks to equalize negotiation periods across different drug types, potentially impacting pharmaceutical innovation and market competition.
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Additional Information
To amend title XI of the Social Security Act to equalize the negotiation period between small-molecule and biologic candidates under the Drug Price Negotiation Program.
Print number: HR 7174
Sponsor: Rep. Murphy, Gregory F. [R-NC-3]
Process start date: 2024-01-31