Maintaining Investments in New Innovation Act
S 476, the *Maintaining Investments in New Innovation Act*, extends patent exclusivity for certain advanced drug products from 7 to 11 years. It directly affects drug manufacturers developing therapies using genetically targeted technology, such as those that modulate gene function. The bill amends the Social Security Act to define "advanced drug product" as a drug utilizing genetically targeted technology (e.g., gene modulation), qualifying for the longer 11-year market protection period. This change aims to incentivize investment in innovative genetic therapies by providing extended exclusivity.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
President
Introduced Feb 16, 2023
Last action Feb 16, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 16, 2023
Committee
Read twice and referred to the Committee on Finance.
upper
Feb 16, 2023
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Robert Menendez
DDemocratic
Co
Marsha Blackburn
RRepublican
Co
Steve Daines
RRepublican
Co
Ted Budd
RRepublican
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