HELP Committee Approves Protection For High Tech Drug Companies From Generics

“Senators agreed Monday to give hightech biologic drugs 12 years of market protection before generic versions can compete,” according to The Associated Press.

The AP reports “The vote in the Senate Health, Education, Labor and Pensions Committee was a victory for the biotechnology and pharmaceutical industries but a defeat for the Obama administration and AARP. The Obama administration had pushed for a sevenyear exclusivity period so that patients could get quicker access to cheaper versions of costly medicines used to treat ailments including cancer, Parkinsons, diabetes and rheumatoid arthritis. Proponents of the longer time frame say products like the blockbuster cancer drug Avastin deserve longer market protection because they are more expensive and timeconsuming to produce than regular drugs, and the extra time and money is needed to attract investors and promote innovation. … The decision would still need agreement from the full Senate and the House, where Energy and Commerce Committee Chairman Henry Waxman, DCalif., strongly supporters a shorter exclusivity period.”

The AP notes “Biotech drugs currently dont face generic competition because the Food and Drug Administration doesnt have power to approve copies of such medications. Efforts to change that have been held up for nearly a decade by squabbling between the biotech and generic drug industries and their allies on Capitol Hill” (Werner, 7/14).

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This entry was posted on Miércoles, Julio 15th, 2009 at 23:00 and is filed under pharma industry. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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