Medication Competition Act
Sen. Hassan and Sen. Budd Introduce Medication Competition Act to Speed Up Lower-Cost Biologics
The Medication Competition Act is currently in the early stages of the legislative process. It was recently sent to the Senate Committee on Health, Education, Labor, and Pensions for review. The bill is considered active, but no further actions have been scheduled at this time.
Legislative Progress
This bill has support from both parties and addresses high drug costs, but it still needs to pass through a busy committee and gain floor time in the Senate.
Key Points
Impact Analysis
Personal Impact
Life & Work
Smaller biotech and pharmaceutical companies that develop biosimilars often struggle to determine when they can legally enter the market. By requiring HHS to publish clear exclusivity expiration dates, this bill reduces uncertainty and planning costs for biosimilar manufacturers, making it easier for them to compete against large brand-name drugmakers.
Programs
Disabilities
Milestones
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
6 articlesSenate HELP Committee Tackles Biologic Monopolies in New Transparency Bill
Introduced during a high-profile Senate HELP Committee hearing, the Medication Competition Act seeks to dismantle 'patent thickets' by requiring HHS to publish a definitive list of expiration dates for biological drug monopolies, providing a roadmap for biosimilar manufacturers.
New Legislation Aims to Shine Light on Biologic 'Monopoly' Expiration Dates
The Medication Competition Act would mandate that HHS update its 'Purple Book' with precise dates for when brand-name biologics lose exclusivity. While generic advocates cheer the move, pharma trade groups warn it could oversimplify complex patent litigation timelines.
Bipartisan Bill Targets High Drug Costs via Biologic Transparency
Lawmakers introduced the Medication Competition Act on Thursday, a bill designed to lower costs for cancer and autoimmune treatments by forcing the government to disclose exactly when cheaper biosimilars can enter the market.
Source Information
Document Type
Congressional Bill
Official Title
Medication Competition Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.