Senate unanimously passed two pieces of legislation aiming to lower drug prices
JURIST
MARCH 14, 2021
The Senate unanimously passed Thursday the Ensuring Innovation Act and the Advancing Education on Biosimilars Act , two pieces of bipartisan legislation aiming to lower prescription drug prices by increasing competition. The Ensuring Innovation Act addresses loopholes used by companies to maintain the exclusive right to sell a drug. A company holds an exclusive right to sell a drug for a designated length of time when the company invents the drug.
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