Tillis Introduces Legislation Incentivizing Biotech Companies to Keep Creating Life-Saving Treatments | Eastern North Carolina Now

Press Release:

    WASHINGTON, D.C.     Yesterday, Senator Thom Tillis (R-NC), Senator Orrin Hatch (R-UT), and Representative Bill Flores (R-TX) introduced the Hatch-Waxman Integrity Act of 2018 in the Senate and House of Representatives. The legislation would help ensure that alternative procedures for challenging drug patents do not tilt the playing field contrary to Hatch-Waxman's design and make sure that drug manufacturers have the proper incentives to continue developing life-saving medications.

    "The biotechnology and life sciences industry undertakes tremendous risk and costs to develop new, life-saving drugs, with the vast majority of products never making it to the market at great expense to the manufacturer. These drugs save millions of lives every year and are a critical component of our nation's healthcare system. While it is important to call out bad actors who price gouge, we must allow sufficient time and balance so companies can continue to develop life-saving drugs and help people with the countless illnesses and diseases that affect millions of Americans," said Senator Tillis. "The Hatch-Waxman Integrity Act of 2018 will restore a proper balance in the market so that companies will continue to spend billions of dollars to develop life-saving and life-altering treatments. I want to thank Senator Hatch for his leadership on this issue and I look forward to building support for this bill within the Senate."

    "As the coauthor and namesake of Hatch-Waxman, I have a keen interest in ensuring we have a well-functioning generic drug industry," said Senator Hatch. "This means making sure that generic companies are able to develop drugs while also ensuring that brand companies have sufficient protections in place to recoup their investments. Hatch-Waxman struck a careful balance that achieved these goals and in doing so helped to create the modern generic drug industry. The Hatch-Waxman Integrity Act, which I'm pleased to be introducing today with Senator Tillis and Representative Flores, will help preserve that careful balance going by ensuring that newer, alternative procedures for challenging drug patents do not give one side an unintended advantage."

    "The Hatch-Waxman Integrity Act ensures that America remains a leader in developing life-saving and accessible therapies, cures and treatments for patients," said Representative Flores. "It restores an effective balance between the interests of brand-name and generic drug manufacturers so that innovation and competition will continue to flourish. "It is fulfilling to work with Senators Hatch and Tillis to modernize the Hatch-Waxman Act so that hardworking American families continue to benefit from health care innovation."

    Background

    The Hatch-Waxman Integrity Act of 2018 would require a generic manufacturer wishing to challenge a brand-name drug patent to choose between the Hatch-Waxman framework, which affords certain advantages such as being able to rely on the drug innovator's safety and efficacy studies for FDA approval, and inter partes review, or IPR, which is cheaper and faster than Hatch-Waxman litigation but does not provide the advantages of a streamlined generic approval process. The bill would apply similarly to patents on biologics.

    The bill would preserve Hatch-Waxman as the standard path for generic manufacturers to challenge brand patents, while keeping IPR as an option where other interests come into play. It would not have any impact on the use of IPR by the tech community.

    A copy of the bill text is available here. A detailed summary of the bill is available here.

  • Contact: Daniel Keylin
  •     daniel_keylin@tillis.senate.gov

Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Pope Francis Implementing Change of Lord's Prayer: 'Lead us Not into Temptation' Press Releases: Elected office holders, Op-Ed & Politics, Bloodless Warfare: Politics New Poll Shows Beto is Now the Democrats' 2020 Frontrunner. Here's Why.


HbAD0

Latest Bloodless Warfare: Politics

Only two of the so-called “three Johns” will be competing to replace Sen. Mitch McConnell (R-KY) as leader of the Senate GOP.
Daily Wire Editor Emeritus Ben Shapiro, along with hosts Matt Walsh, Andrew Klavan, and company co-founder Jeremy Boreing discussed the state of the 2024 presidential election before President Joe Biden gave his State of the Union address on Thursday.
Former U.N. Ambassador Nikki Haley said this week that the criminal trials against former President Donald Trump should happen before the upcoming elections.
It’s “Bo time” again, this time in North Carolina’s Sixth Congressional District.
Robert F. Kennedy Jr. announced on Tuesday that he has selected Nicole Shanahan to be his vice presidential running mate as he continues to run as an Independent after dropping out of the Democratic Party’s presidential primary late last year.
On Tuesday, another Republican announced that he plans to retire early from the House, a decision that would further diminish a narrow GOP majority in the lower chamber.
Sen. Bernie Sanders (I-VT) introduced a bill Wednesday that would shave 8 hours off the standard 40-hour work week that has been around for several decades.
Glenn Beck: 'When the United States government can come after individuals, that's when you know our republic is crumbling.'
Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement on the latest continuing resolution:

HbAD1

WASHINGTON – Today, as Joe Biden continues his Bankrupting America Tour in North Carolina, Republican National Committee (RNC) Chairwoman Ronna McDaniel released the following statement:
Former President Donald Trump dominated the North Dakota Republican Caucus on Monday as he continues to inch closer to officially securing the party’s presidential nomination.
RALEIGH: Today, Governor Cooper visited a bus facility in Durham to highlight the recent significant federal funding for electric school buses in North Carolina.
The White House unveiled a new term on Thursday for the millions of illegal aliens who have flooded into the U.S. under President Joe Biden, which came just shortly before Biden took a trip to the border for a photo op at a spot that has had few illegal aliens cross.
Washington, D.C. — Congressman Greg Murphy, M.D. issued the following statement after voting in favor of S.J. Res. 38, to overturn the Federal Highway Administration’s rule relating to ‘Waiver of Buy America Requirements for Electric Vehicle Chargers.’
House Homeland Security Committee Chair Mark Green (R-TN) announced this week that he is reversing his decision to retire after receiving calls from former President Donald Trump and others.
Former President Donald Trump slammed President Joe Biden on Saturday after Biden apologized for calling the illegal alien who allegedly murdered a young woman in Georgia an “illegal” during his recent State of the Union speech.
RALEIGH: Lynddahl Telecom America Inc. (LTA), a duct solutions company for fiber optics installations, will create 54 new jobs in Gaston County, Governor Cooper announced today.

HbAD2

 
Back to Top