Interchangeable Biosimilar Bill Introduced
Reps. August Pfluger (R-TX) and Greg Landsman (D-OH) have introduced the Biosimilar Red Tape Elimination Act, which they say would improve patient access to lower-cost prescription medication and increase competition in the biological drug market by automatically deeming biosimilar drugs as interchangeable with their branded counterparts upon FDA approval. A statement issued by Pfluger (contains a link to the bill text) says the measure would:
- strike the current requirement in the code that has been used to justify switching studies;
- create a cooldown period for certain biologics that were already granted exclusive interchangeable status; and
- instruct HHS and FDA to issue or retract relevant guidance.
Companion bipartisan legislation was introduced in the Senate earlier this year, the statement says.