today, I am introducing legislation that will protect American consumers by improving the labeling on prescription drugs to promote consumer safety. This important bill will ensure that all drug manufacturers can update the warning labels for their products so that the information provided to doctors and consumers is as accurate and up-to-date as possible. It is a straightforward measure that has the support of patient groups and consumer advocates. I am pleased that Senators Franken, Coons, Whitehouse, Bingaman, Brown of Ohio, and Blumenthal have joined me as original cosponsors of the bill. The Patient Safety and Generic Labeling Improvement Act will promote consumer safety by ensuring that generic drug companies can improve the warning information for their products in the same way that brand manufacturers can under existing law. This ability is especially important given the large role that generics play in the market for prescription drugs. The Department of Health and Human Services reports that generic drugs now make up 75 percent of the market for pharmaceuticals. Studies show that when a generic version of a drug is available, 90 percent of prescriptions are filled with the generic version of the drug. The large role that generics play in the market gives them important insight into side effects experienced by their customers.…
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