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US Product Hopping Legislation Could Offer $3bn In Savings

The Bill Would Allow FTC To Seek Remedies And Limit Patents Asserted Against Biosimilars

 
• By Urtė Fultinavičiūtė

In the ongoing fight for fair market competition and improved medication access, the US Congressional Budget Office calculated $3bn in savings from a bill that would prevent originators from product hopping.

US dollar with stock market graph
• Source: Shutterstock

The US government could save $3bn over the next ten years if it enacts the Affordable Prescriptions for Patients Act of 2023 in the middle of fiscal year 2024, according to the Congressional Budget Office.

The Affordable Prescriptions for Patients Act of 2023 (S.150) was introduced by US senators John Cornyn (R-TX) and Richard Blumenthal (D-CT) last year and is currently placed on the Senate’s legislative calendar

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