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CBO Releases Report on Senate Follow-on Biologics Bill; BIO Calls for Congress to Pass Biologics Bill in 2008

By Donald Zuhn, Kevin Noonan, Chris Singer, Sherri Oslick, and Jason Derry

By Donald Zuhn -- Last week, the Congressional Budget Office (CBO) released a report on the Biologics Price Competition and Innovation Act (S. 1695), which would establish a pathway for the FDA to approve follow-on biologics. The report was commissioned last summer by the Senate Committee on Health, Education, Labor & Pensions, which announced on June 27, 2007 that it had passed the bill (see "Senate Committee Passes Biologics Legislation"). The Senate bill has not yet been taken to the floor for a vote. The 11-page CBO report states that: Enacting S. 1695 would reduce total expenditures on biologics in...

Full post as published by Patent Docs on July 02, 2008 (boomark / email).