The US trade association representing pharmacy benefit managers has said that new bipartisan legislation will bring generic drugs to market sooner.
The Pharmaceutical Care Management Association (PCMA) has praised the Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act, which has been introduced by three US Senators with the aim of promoting competition and affordability in the prescription drug market place.
Key to this will be encouraging more development of generic and biosimilar drugs and reducing overall drug costs by preventing brand drug manufacturer abuses of risk evaluation and mitigation strategies (REMS) that block generic competition.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze