Tag: Hatch-Waxman Act
Hatch-Waxman Act: How It Shaped Generic Drug Access in the U.S.
The Hatch-Waxman Act created the modern system for generic drug approval in the U.S., balancing innovation incentives with affordable access. It cut drug costs by 80% and made generics 90% of prescriptions.
First Generic Approval: Why It Matters and What It Means for Your Medication Costs
First generic approval by the FDA unlocks 180 days of exclusive sales for the first company to launch a generic drug, driving down prices by 70-90% and saving patients billions. Here’s how it works and why it matters for your prescriptions.
