Senate bill to streamline generic drug approval reintroduced [Seeking Alpha]
Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA)
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Senate bill to streamline generic drug approval reintroducedMar. 14, 2023 2:17 PM ETTeva Pharmaceutical Industries Limited (TEVA)VTRSAMPHAMRXLCIBy:Dulan LokuwithanaSA News Editor3 CommentsAleksandr_Gromov/iStock via Getty ImagesU.S. Senators Rand Paul (R-KY) and Maggie Hassan (D-NH) reintroduced a bill to simplify the approval of generic drugs on Tuesday.The bill named Increasing Transparency in Generic Drug Applications Act, â??will help low-cost generics getto American consumers faster,â? Paul said.â??Our bipartisan bill will cut unnecessary red tape to help get low-cost generic medications onto the market and into the hands of patients more quickly,â? Hassan added.The legislation cleared the House and Senate HELP committees last year with bipartisan support.The FDA currently requires certain generic drugmakers to demonstrate that the concentration of the active and inactive ingredients in their drugs are similar to those of the brand name drug.However, the approval process can dr
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TEVA
Earnings
- 1/31/24 - Beat
TEVA
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form DEFA14A
- 4/16/24 - Form ARS
- TEVA's page on the SEC website