Bill Would Speed Generic Drug Access, Lower Costs

Share

Reps. David McKinley (R-WV) and Peter Welch (D-VT) have introduced the Fair Access for Safe and Timely (FAST) Generics Act to “thwart manipulation of FDA’s drug safety regulations in order to block the production of generic alternatives to brand name medicines.” The two say the bill would increase consumer access to generic drugs, boost market competition, and save consumers money.” It aims to eliminate instances when branded drug companies block generic drug developer access to samples of the reference-listed products they need.

“The high cost of brand name drugs should never force patients to make painful financial decisions,” McKinley said it a statement. “Our bipartisan bill will allow more people to access generic alternatives by providing competition in the marketplace and removing unnecessary bureaucratic delays from the federal government.”

The statement says there currently are companies that “abuse FDA drug safety programs by withholding access to drug samples for generic manufacturers, resulting in anticompetitive practices and increased pharmaceutical costs.”

Read more