Bipartisan senators introduce bill to close pharma competition loophole ...Middle East

Sens. Maggie Hassan (D-N.H.) and Mike Braun (R-Ind.) on Wednesday reintroduced legislation intended to close a loophole that drug companies can exploit to block competition, including from lower-cost generic drugs. Federal regulators will sometimes require that drug manufacturers have a Risk Evaluation and Mitigation Strategy (REMS) program for potentially dangerous medications. According to the Food and Drug Administration (FDA), REMS are not designed to mitigate all the adverse events of a medication, but are focused on preventing, monitoring or managing a specific risk — for instance, requiring training for doctors to prescribe the drug. But some pharmaceutical companies pate

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Last updated : 02 March 2023 clock 12:45 AM

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Bipartisan senators introduce bill to close pharma competition loophole ...Middle East

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