Open AccessWealth Effects of the Drug Price Competition and Patent Term Restoration Act of 1984
Author(s) -
Raymond T. Brastow,
David S. Rystrom
Publication year - 1988
Publication title -
the american economist
Language(s) - English
Resource type - Journals
eISSN - 2328-1235
pISSN - 0569-4345
DOI - 10.1177/056943458803200210
Subject(s) - term (time) , competition (biology) , economics , drug prices , drug , natural resource economics , public economics , pharmacology , medicine , biology , ecology , physics , quantum mechanics
In September of 1984, President Reagan signed into law a compromise bill that sped up and simplified the government certification process for generic drugs that are substitutes for patented brand-name drugs and in return granted brand-name manufacturers longer patent protec tion. This law, the Drug Price Competition and Patent Term Restoration Act of 1984, was the end result of a series of debates and proposed changes in patent protection laws that began in 1959. The final version of the law contained
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