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WASHINGTON – President Barack Obama's budget aims to foster generic competition for costly biotech drugs used to treat cancer and other intractable ailments.
With Americans now spending more than $40 billion a year on such medications, the budget calls on Congress to set up a framework for regulators to approve generic versions, cutting costs for government programs, employers and patients.
Obama calls for generic biotech drugs (http://news.yahoo.com/s/ap/20090227/ap_on_go_pr_wh/obama_budget_generics - broken link)
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