Tag: drug approval process
Right-to-Try Laws Can Help Drugmakers Combat the Coronavirus

President Trump recently announced he is extending social distancing guidelines to April 30th. He initially hoped to lift them by Easter. This is far from the first time he has changed his mind on how to best handle the coronavirus pandemic. Although frustrating, the President’s indecisiveness is understandable. The United States recently surpassed China…
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FDA Approves Record Number of Generic Drugs in 2018

With U.S. drug prices among the highest in the world, generics provide significant financial relief for millions using prescription drugs.

Good and Bad News on Generic Drug Approvals

A solution to expensive patented medicines is generic competitors. The United States has struck a pretty good balance between innovation and low prices through the Hatch-Waxman (1984) Act, which specified patent terms for newly invented medicines, and a pathway for generic competitors to enter the market after a period. One obstacle to generic entry…
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