The United States has some of the lowest prices in the world for most drugs. The U.S. generic drug market is competitive and robust—but its success is not accidental. It is the result of a series of deliberate, well-designed policy interventions. The 1984 Hatch-Waxman Act allowed generic drug manufacturers to bypass costly safety and efficacy […]
How America Built the World’s Most Successful Market for Generic Drugs
How America Built the World’s Most Successful Market for Generic Drugs
06 Jun 2025 1 Comment
in applied price theory, economics of regulation, entrepreneurship, health economics, industrial organisation Tags: drug lags
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