House Subcommittee to Discuss Generics Bill

Share

House Energy and Commerce Committee chairman Greg Walden (R-OR) says a yet-to-be-announced health subcommittee hearing next week will take up a bill being drafted to effect lower drug prices through better generic drug competition. During a 2/2 hearing, Walden said he would push for the drug pricing legislation after attending a meeting Tuesday with several pharmaceutical executives (see story). At the hearing, Walden said, “President Trump made it clear in the White House meeting I attended with him and vice president Pence that he wants competition to bring lower drug prices, and that is precisely what this measure will help accomplish. Patients are tired of waiting for relief, we're going to move forward in a bipartisan way to give them help. It’s an important first step, it needs to happen now.”

According to Walden, the bill would “require FDA to prioritize, expedite and review generic applications of drug products that are currently in shortage, or where there are few manufacturers on the market...” Walden said. “We all remember recent situations where bad actors jacked up the prices of older drugs because there was no competition. We want to make sure that does not happen again.” He also said the bill would increase transparency about the backlog of generic drug applications at the agency, adding that there was an “unacceptably high” number of pending ANDAs.

Read more