Affordable Prescriptions for Patients Act Advances in Senate to Foster Generic Drug Competition
Senate approves bill to ease entry of biosimilars, generics by curbing patent obstacles.
Breaking News
Jul 13, 2024
Mrudula Kulkarni
The U.S. Senate has approved a bill aimed at facilitating
the entry of biosimilars and other generic drugs into the U.S. market by
preventing drug manufacturers from creating "patent thickets" that
impede competition.
Known as the Affordable Prescriptions for Patients Act, the
legislation, sponsored by Senators John Cornyn (R-TX) and Richard Blumenthal
(D-CT), now moves to the U.S. House for consideration.
The bill seeks to curb branded drugmakers from using
multiple patents to block generic competition by limiting the number of patents
that can be contested. Currently, there is no restriction on the number of
patents drugmakers can assert during patent dispute resolution.
According to a statement from Cornyn’s office, the bill aims
to prevent biologics manufacturers from manipulating the system to increase
patent assertions, while maintaining the patent system's role in fostering
innovation for new biologic treatments.
Co-sponsored by Senators Dick Durbin, Ted Cruz, Amy
Klobuchar, Chuck Grassley, Peter Welch, Mike Braun, and Lisa Murkowski, the
bill is seen as promoting competition and reducing prices for patients without
stifling innovation.
Cornyn urged the House to swiftly pass the legislation,
emphasizing its potential to promote competition and lower drug prices, while
Blumenthal highlighted its role in protecting competition from abuses of the
patent system by pharmaceutical companies.
Key players in the generic drug market include Teva, Dr.
Reddy’s, Viatris, Sandoz, Amneal, and Amphastar. CVS Health has also expanded
into the biosimilars market through its Cordavis unit.