U.S. Senators Charles E. Schumer (D-NY), Susan Collins (R-ME), Sherrod Brown (D-OH), Mel Martinez (R-FL), Debbie Stabenow (D-MI) and David Vitter (R-LA) announced Thursday [March 26] that they have reached agreement on bipartisan legislation to create an approval pathway for generic versions of biologic drugs. The measure, which was endorsed in President Obama’s budget proposal, would save federal programs like Medicare and Medicaid at least $10 billion dollars by bringing needed competition to the marketplace.
This is an excerpt from a March 26 press release from the office of Senator Schumer. Read more here.