Legislation Echoes Obama, Clinton’s Call To Reduce Biologic Exclusivity To 7 Years

Sens. Sherrod Brown (D-OH) and John McCain (R-AZ), along with Democratic Rep. Jan Schakowsky (IL) in the House, introduced legislation Thursday (June 23) that would reduce exclusivity for brand-name biologic products from 12 to seven years, along the lines of a shift called for by the Obama administration and included in Democratic presidential candidate Hillary Clinton's plan to lower prescription drug costs. The Biotechnology Innovation Organization strongly opposes the measure and says the language would disrupt the careful balance in...