US R&D and copy drugmaker slam Obama budget plans to back generics
US President Barack Obama yesterday unveiled a $3.73 budget request which contains several provisions that affect the pharmaceutical industry with regard to speeding the approval of generics and putting a stop to generics settlements - or so-called “pay-for-delay” deals - claiming these could save as much as $8.79 billion over the next 10 years. The proposals have been strongly criticized by both research-based and copy drugmakers.
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