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PCMA applauds congressional action to boost use of biosimilars

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WASHINGTON — Pharmaceutical Care Management Association President and CEO JC Scott issued the following statement on legislation passed by Congress to increase access to biosimilars, “The Ensuring Innovation Act”  and the “Advancing Education on Biosimilars Act of 2021.”

JC Scott

“We applaud Congress for recognizing the need to increase competition in the prescription drug marketplace, especially for biosimilars, and we respectfully urge President Biden to sign the legislation into law.

Increasing prescriber and patient understanding of biosimilars, along with making it harder for drugs and biologics to gain exclusivity, are important steps to expanding the adoption of biosimilars and reducing overall drug costs.

Pharmacy benefit managers, PBMs, leverage competition among prescription drug products to reduce costs for patients. Increasing competition through the approval of more brand, generic, and biosimilar drug competitors will enable PBMs to more effectively lower prescription drug costs for patients, employers, government programs, and others.”

View PCMA’s 21 Policies to Reduce Prescription Drug Costs in 2021


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