Tag: Hatch-Waxman Act
History of Generic Drugs in the United States: How They Became 90% of Prescriptions
Generic drugs now make up over 90% of U.S. prescriptions, saving billions annually. Their history traces back to 1820, with key milestones like the 1984 Hatch-Waxman Act that created the modern approval system and turned generics into the backbone of affordable medicine.
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Antitrust Laws and Competition Issues in Generic Pharmaceutical Markets
Antitrust laws in the generic drug market aim to prevent pay-for-delay deals, patent abuse, and product hopping that block cheaper alternatives. These practices cost consumers billions and limit access to essential medications.
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