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Prohibiting Delay of Generic and Biosimilar Drugs: More Affordable Medicines

This act aims to increase the availability of more affordable generic and biosimilar drugs. It prohibits brand-name drug companies from paying generic companies to delay the market entry of their cheaper alternatives. This means citizens can expect lower drug prices and more choices, positively impacting their personal finances and access to healthcare.
Key points
Prohibits payments to delay the market entry of cheaper generic and biosimilar drugs.
Aims to increase competition and lower drug prices, leading to savings for patients.
The Federal Trade Commission (FTC) gains new powers to prosecute such unfair practices and impose significant penalties.
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Status: Placed on Calendar
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Additional Information
Print number: 119_S_1096
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2025-03-24