Tag: Hatch-Waxman Act
Hatch-Waxman Act: How U.S. Law Made Generic Drugs Affordable
The Hatch-Waxman Act created the modern generic drug system in the U.S., balancing innovation and affordability. It saved over $1.7 trillion in healthcare costs and now governs 90% of prescriptions.
Authorized Generics: How Brand Drug Companies Stay Competitive After Patent Expiration
Authorized generics are brand-name drugs sold under a generic label, identical in formulation. They help drugmakers stay profitable after patent expiration while lowering prices - but they also complicate the generic market and confuse patients.
