We’re shaking things up on this week’s LinkPad with a Throwback Thursday! Today, we’re looking at the policies that enable innovation and bring those innovations to the patients who need them most.
- 1983: The Orphan Drug Act passed, encouraging the development of new medicines and treatments for rare diseases. Since then, the number of approved medicines for rare diseases has risen dramatically.
- 1984: The Drug Price Competition and Patent Term Restoration Act of 1984, colloquially known as the Hatch-Waxman Act, preserved financial incentives for the research and development of innovative medicines, while making room for the modern U.S. generics market to emerge. Since Hatch-Waxman there has been a 25-30% reduction in the prices of medicine and over $193 billion in cost savings...


