Congress Said to Want Cheaper Biotech Drugs

NEW YORK (CNNMoney.com) -- Senior Democrats and Republicans in Congress are hard at work on bills that would provide millions of Americans with cheaper copies of biotech drugs that can cost hundreds of thousands of dollars a year, a news report said Saturday. The New York Times said in a report on its Web site from Washington that the legislation’s chances got a boost after Democrats took control of Congress and after the FDA’s chief medical officer told lawmakers the agency could review the generic medicines to ensure they were as effective as the original drugs.>>> Discuss This Story

MORE ON THIS TOPIC