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For Immediate Release
Office of the Press Secretary
October 21, 2002

President Takes Action to Lower Prescription Drug Prices By Improving Access to Generic Drugs

     

TODAYS PRESIDENTIAL ACTION

DETAILS OF FDAS PROPOSED RULE ON GENERIC DRUGS

The new FDA rule will:

BACKGROUND ON TODAYS PRESIDENTIAL ACTION

Todays Presidential action improves the FDA regulations implementing the Hatch-Waxman law. These regulations govern when generic drugs can compete with brand-name drugs. As a result, patients will benefit from greater and more predictable access to effective, low-cost generic alternatives to brand-name drugs.

The proposed rule can be viewed at www.fda.gov/ohrms/dockets.

For more information on the Presidents initiatives please visit www.whitehouse.gov

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