There was a strong push by the Obama administration for a seven-year exclusivity limit.
According to the article:
"Biotech companies had pushed for a longer period of data exclusivity because, they say, it can take 15 years and as much as $1 billion to bring a new medicine to patients. They say data exclusivity to recoup money they’ve invested to make the product.
But supporters of a shorter time limit say long-term data exclusivity gives profitable biotech companies an unfair monopoly on the costly drugs. They say their ability to make biosimilars - the lower-cost generic versions of the biotech drugs - will lead to lower health-care costs."
But the 12 year exclusivity period is by no means a done deal...the measure still needs approval buy the full House and Senate.
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