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Drug Price Negotiation: Extended Period for Small-Molecule Drugs.

This bill aims to extend the drug price negotiation period for small-molecule drugs under the Drug Price Negotiation Program. This means drug manufacturers will have more time to negotiate prices with the government, potentially impacting the availability and cost of certain medications for citizens.
Key points
Extends the negotiation period for small-molecule drugs from 7 to 11 years.
Aims to equalize negotiation periods between small-molecule and biologic drugs.
May influence drug pricing and accessibility in the market.
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Status:
Introduced
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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 1492
Sponsor: Rep. Murphy, Gregory F. [R-NC-3]
Process start date: 2025-02-21