Budd, Hassan Introduce Bipartisan Bill Speeding Up the Development of Generic Medications to Lower Prescription Drug Costs

This press release from Senator Ted Budd (R-NC) was published on 2026-04-30 and titled "Budd, Hassan Introduce Bipartisan Bill Speeding Up the Development of Generic Medications to Lower Prescription Drug Cos".

Budd, Hassan Introduce Bipartisan Bill Speeding Up the Development of Generic Medications to Lower Prescription Drug Costs

Washington, D.C. — U.S. Senators Ted Budd (R-N.C.) and Maggie Hassan (D-N.H.) recently introduced the bipartisan Medication Competition Act, which would expedite the development of lower-cost alternatives to biologic medications, known as biosimilars. The legislation would require the FDA to publicly determine and list when brand-name drug exclusivity ends, allowing cheaper alternatives to come to market more quickly. Biologic drugs are a complex class [ ]