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Klobuchar Introduces Affordable Generic Drug Bill

by
Amy Klobuchar
Amy Klobuchar

WASHINGTON, D.C. (KDAL) - U-S Senators Amy Klobuchar of Minnesota and Chuck Grassley of Iowa have re-introduced legislation designed to crack down on anti-competitive pay-for-delay deals in the drug industry.  The "Preserve Access to Affordable Generics Act" would put an end to the practice of name brand drug manufacturers paying off generic drug companies to keep the more affordable generic equivalents off the market for a period of time.  A report from the FTC says the number of those pay-for-delay deals rose over 40 percent in the last year.  If the bill were to pass it would accelerate the availability of generic drugs which can be up to 90 percent cheaper than the name brand version.

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