Bill

Bill > HR5444


US HR5444

Lower Insulin Costs Now Act


summary

Introduced
12/17/2019
In Committee
12/18/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To amend the Biologics Price Competition and Innovation Act of 2009 to streamline the transition of certain products from approval as a drug to licensure as a biological product, and for other purposes. 1

AI Summary

This bill aims to amend the Biologics Price Competition and Innovation Act of 2009 to streamline the transition of certain drug products to be licensed as biological products. Specifically, the bill allows the FDA to continue reviewing drug applications submitted under section 505 of the Federal Food, Drug, and Cosmetic Act (FDCA) that were filed by March 23, 2019, and not approved by March 23, 2020. Upon approval, these applications will be deemed to be a license for the biological product under section 351 of the Public Health Service Act. The bill also provides guidance on how these transitioning drug products should be listed and treated during the review process. This provision will sunset on October 1, 2022, after which any remaining unapproved applications will be deemed withdrawn.

Committee Categories

Business and Industry, Health and Social Services

Sponsors (7)

Last Action

Referred to the Subcommittee on Health. (on 12/18/2019)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...