WASHINGTON, D.C. — Arkansas Senator Tom Cotton along with four other Senators released the Preserving Access to Cost Effective Drugs Act (PACED).
This legislation is geared at reducing medication patent abuse and therefore lowering the cost of medications for patients. In a statement Cotton said, “It’s far past time that we crack down on patent abuse, which is raising costs for our seniors..[the Act will] go a long way to help seniors get the drugs they need.”
Through this Act the Patent and Trade Office, the federal courts and the International Trade Commission will have the power to review generic medications.