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FDA broadens generic drug competition efforts, pressuring prices

The FDA has its sights set on an incentive granted to drugmakers that are first to seek approval for a copy of a brand-name drug, according to a policy document released Thursday.

By Anna Edney | Updated on November 13, 2017
The new FDA initiative is meant to clear that backlog, speeding competition and the subsequent price drops. (Photo: Shutterstock)

Makers of copycat drugs will face pressure to bring down prices even more quickly as the U.S. Food and Drug Administration pushes to get more low-cost competition to market.

The FDA wants to prioritize certain generic-drug applications in an effort to drive down prices, which have drawn increasing scrutiny from lawmakers and the ire of President Donald Trump. The agency has its sights set on an incentive granted to drugmakers that are first to seek approval for a copy of a brand-name drug, according to a policy document released Thursday.

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