Senators Ask Trump to Support ‘Pay-for-delay’ Bill
U.S. Sens. Chuck Grassley (R-IA) and Amy Klobuchar (D-MN) have sent a letter to the President urging him to support legislation to limit anticompetitive “pay-for-delay” pharmaceutical settlements between brand and generic drug makers as part of the Administration’s effort to bring down prescription drug prices. The letter, which was also sent to FDA and HHS, called on the Administration to specifically support their bipartisan Preserve Access to Affordable Generics Act that would help limit anticompetitive “pay for delay” settlement agreements that can delay generic drugs for years.
Their measure is intended to enhance competition in the pharmaceutical market by stopping anticompetitive agreements between brand name and generic drug manufacturers that limit, delay, or otherwise prevent competition from generic drugs. It would also prohibit anticompetitive practices in the pharmaceutical industry that harm consumers.
“We have long been concerned with the rising cost of prescription drugs and the strain it places on patients and our healthcare system, including critical government programs like Medicare and Medicaid. Noncompetitive drug markets can result in higher prices and reduced patient access to essential medical treatments,” the senators wrote.