[Congressional Record Volume 168, Number 91 (Wednesday, May 25, 2022)]
[Senate]
[Pages S2709-S2710]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
STATEMENTS ON INTRODUCED BILLS AND JOINT RESOLUTIONS
By Mr. KAINE (for himself, Mr. Marshall, Ms. Hassan, and Mr. Cassidy):
S. 4302. A bill to amend the Federal Food, Drug, and Cosmetic Act to
require prompt reports of marketing status by holders of approved
applications for biological products, and for other purposes; to the
Committee on Health, Education, Labor, and Pensions.
Mr. KAINE. Mr. President, the Food and Drug Administration's ``Purple
Book'' provides patients, providers, and public health experts with key
information about FDA-licensed biological products. Providers rely on
accurate and up-to-date information from this searchable online
database to make crucial decisions regarding the treatment of their
patients. The ``Purple Book'' provides transparency on the availability
of biological products. This can help inform public health decision-
making and increase competition among manufacturers to lower prices.
Improvements to the ``Purple Book'' clarifying when biological products
leave the market would allow the FDA and the public to monitor the
availability of these key medications.
That is why I am proud to join my colleagues, Senators Marshall,
Hassan, and Cassidy, in introducing the Biologics Market Transparency
Act, legislation that would extend to biological products certain
reporting and transparency requirements that already exist for small
molecule drugs. This is the Senate companion to legislation introduced
by Representatives Kathy Manning and Richard Hudson in the House. It
would require manufacturers of biological products to confirm that
their products listed in the ``Purple Book'' are available for sale.
This bill would also require manufacturers to report to the Secretary
of Health and Human Services when their products are withdrawn from the
market. These updates to the ``Purple Book'' would provide patients and
providers with real-time access to changes in drug availability,
allowing physicians to make informed decisions about the best treatment
for their patients. These changes would also improve the ability of the
FDA to respond to and anticipate drug shortages.
I look forward to working with my colleagues to pass these
commonsense reforms to strengthen public health and increase
transparency for patients and providers.
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By Mr. KAINE (for himself and Ms. Collins):
S. 4303. A bill to provide for a period of exclusivity for first
interchangeable biological products; to the Committee on Health,
Education, Labor, and Pensions.
Mr. KAINE. Mr. President, biologics, or complex large molecule drugs
typically derived from living organisms, play a critical role in our
healthcare system, treating a range of conditions such as diabetes,
arthritis, and cancer. Yet spending on these products accounts for an
alarming and significant portion of overall drug spending in the United
States. In 2018, biologics accounted for 40 percent of spending on all
prescription drugs, with spending on biologics growing twice as quickly
as overall drug spending since 2015.
Biosimilars are drugs that are highly similar to existing biologics,
and interchangeable biosimilars are biosimilars that can be substituted
for a biologic product without the intervention of a healthcare
provider. Biosimilars and interchangeable biosimilars can play a
significant role in reducing drug spending. For example, Medicare Part
D spending for both beneficiaries and the program is less than spending
on reference biologic products even as the use of biosimilars increases
with increased availability. As of April 2022, there were 33 biosimilar
products on the market including interchangeable
[[Page S2710]]
biosimilar products. Food and Drug Administration, FDA, approval of
additional interchangeable biosimilars could provide patients with more
treatment options, increase competition, and lower costs. We must take
steps to provide clarity around the FDA's review process for
interchangeable biosimilars to facilitate development of these
products, bringing them to market faster.
That is why I am proud to join my colleague, Senator Collins, in
introducing the Interchangeable Biologics Clarity Act, legislation that
would make key improvements in the FDA's review process for
interchangeable biosimilars. Specifically, this bill would clarify the
FDA's authority to tentatively approve a second or third
interchangeable before the end of the first interchangeable's
exclusivity period, allowing additional products to enter the market
more efficiently when that exclusivity period ends. This legislation
would also specify that two interchangeable biologics approved on the
same day could share an exclusivity period. These provisions would
allow the FDA to issue additional guidance around the review of
interchangeable biologic products and ensure increased transparency
about the exclusivity periods for interchangeable products.
I look forward to working with my colleagues to pass these important
improvements to the FDA's biosimilar review process that will increase
patients' treatment options and help foster competition.
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