PCMA CEO Released Statement on Obama's Budget Proposal
PCMA President agrees that biotech medications face generic competition in seven years instead of twelve.
Pharmaceutical Care Management Association (PCMA) President and CEO Mark Merritt released the following statement on President Obama's budget proposal that would grant brand-name drug makers seven years of market exclusivity before generic versions of biologic products can enter the market, instead of the 12 years that was passed in the health reform bill:
"We applaud the President's effort to finally make expensive biotech medications subject to the same kind of competition that other brand-name drugs have faced for almost three decades. This reform would save billions for consumers and taxpayers while making life-saving medications more affordable for everyone.
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