Tag: generic drug history
History of Generic Drugs in the United States: How Cheap Medicines Became the Norm
Jan, 31 2026Generic drugs now make up over 90% of U.S. prescriptions but cost only 23% of total drug spending. Their history spans 200 years-from unregulated pills to the Hatch-Waxman Act-and they’ve saved trillions. But shortages and price spikes still threaten access.
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