Faster Generic Drug Approvals: Increased Transparency for Manufacturers.
This law mandates the FDA to increase transparency during the generic drug approval process. It requires the agency to quickly inform generic manufacturers if their inactive ingredients match the brand-name drug's formulation. This change aims to reduce delays, speed up market entry for cheaper generic alternatives, and potentially lower prescription costs for consumers.
Key points
The FDA must disclose to generic drug applicants whether their inactive ingredients are qualitatively and quantitatively the same as the original brand-name drug.
If differences exist, the FDA must specify which ingredients are different and the extent of the quantitative deviation, allowing for faster corrections.
The FDA must issue guidance within one year detailing how these formulation comparisons will be made, ensuring consistent standards.
Expired
Additional Information
Print number: 118_S_775
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2023-03-14