Bill Would End ‘Pay for Delay’
Sens. Chuck Grassley (R-IA) and Amy Klobuchar (D-MN) have reintroduced their Preserve Access to Affordable Generics and Biosimilars Act to crack down on anti-competitive pay-for-delay drug deals in which branded companies pay their generic competitors not to compete as part of a patent settlement. The senators say the legislation would stop the anti-competitive payoff agreements that keep more affordable generic and biosimilar equivalents off the market and ensure that consumers have access to the cost saving pharmaceuticals they need.