Longer Patents for Increased Generic Competition: The Waxman-Hatch Act after One Decade

Duke Economics Working Paper #95-11

34 Pages Posted: 26 Nov 1997

See all articles by Henry G. Grabowski

Henry G. Grabowski

Duke University - Department of Economics

John M. Vernon

Duke University - Department of Economics

Abstract

The 1984 Drug Price Competition and Patent Term Restoration Act (the Waxman-Hatch Act) is unique in many ways. This Law was the first change in U.S. patent terms since 1861. It simultaneously lowered the barrier to entry for generic drug firms and increased patent terms for new drugs delayed by FDA regulation. In this paper, we analyze the Act has performed in practice, determining whether the Law has resulted in cheaper and better drugs.

JEL Classification: O34O34

Suggested Citation

Grabowski, Henry G. and Vernon, John M., Longer Patents for Increased Generic Competition: The Waxman-Hatch Act after One Decade. Duke Economics Working Paper #95-11. Available at SSRN: https://ssrn.com/abstract=40940 or http://dx.doi.org/10.2139/ssrn.40940

Henry G. Grabowski (Contact Author)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States
919-660-1839 (Phone)

John M. Vernon

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States
919-660-1829 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
1,067
Abstract Views
5,341
rank
19,501
PlumX Metrics