Bill to Streamline Generic Drug Approvals
Sens. Rand Paul (R-KY) and Maggie Hassan (D-NH) have reintroduced the Transparency in Generic Drug Applications Act that they say would help bring generic medications onto the market faster and lower prescription drug prices for consumers. In a statement (includes a link to the bill text), Paul and Hassan say that currently, FDA requires certain generic drug manufacturers to demonstrate that they have the same active and inactive ingredients in the same concentrations as the reference-listed drug.
“However,” they say, “when a generic drug contains the wrong amount of inactive ingredient, FDA cannot disclose the exact error, forcing manufacturers to engage in an often lengthy guessing game to reach the right balance.”
The bill would require the agency to more clearly identify the specific differences between the generic and brand name drugs, thereby streamlining the approval process and helping more generics reach the market faster and lowering prescription drug prices overall.