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sep 24, 1984 - Hatch-Waxman Act Passed

Description:

(Drug Price Competition and Patent Term Restoration Act)
provided comprehensive legal framework to streamline the process for generic pharmaceutical approvals and preserve incentives for innovation, including the creation of a procedure for patient litigation involving generic pharmaceuticals. The Hatch-Waxman Act established the legal and economic foundation for today's generic pharmaceutical industry.

Added to timeline:

19 Sep 2022
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Date:

sep 24, 1984
Now
~ 41 years ago