Bipartisan senators introduce bill to close pharma competition loophole

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Media Conglomerate: Nexstar Media Group

Bipartisan senators introduce bill to close pharma competition loophole

Sens. Maggie Hassan (D-N.H.) and Mike Braun (R-Ind.) on Wednesday reintroduced legislation intended to close a loophole that drug companies can exploit to block competition, including from lower-cost generic drugs. Federal regulators will sometimes require that drug manufacturers have a Risk Evaluation and Mitigation Strategy (REMS) program for potentially dangerous medications. According to the Food…