11 May 2018 - Today is an important day in the Administration’s collaborative effort to address the rising cost of drugs. 

We know that the high list cost of drugs can adversely impact peoples’ access to medicines. People rely on medicines to improve their quality of life, manage chronic conditions and treat life-threatening illnesses. Access to prescription drugs is a matter of public health. I applaud President Trump for making this one of the Administration’s priorities and introducing a bold plan that puts patients first in advancing actions to address the rising list prices of prescription medicines. 

The FDA shares the goal of ensuring that American patients have access to quality and affordable care that meets their needs. This is why we’re prioritising actions to encourage the timely development and approval of generics and biosimilars.

To date, we’ve taken a number of steps as part of our Drug Competition Action Plan (DCAP). We’re helping remove barriers to generic drug development and market entry in an effort to spur competition that results in lower drug prices for patients, and greater access.

Read FDA Statement