MPJE FEDERAL LAW REVIEW
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Verified | Latest Update 2024| Rated A+
DRUG PRICE COMPETITION & PATENT TERM RESTORATION ACT OF 1984 -
✔✔"Waxman Hatch" Act
DRUG PRICE COMPETITION & PATENT TERM RESTORATION ACT OF 1984 -
✔✔Streamlined generic drug approval (ANDA) to encourage the development of
new generic drugs
DRUG PRICE COMPETITION & PATENT TERM RESTORATION ACT OF 1984 -
✔✔Incentives to manufacturers for new drug development
DRUG PRICE COMPETITION & PATENT TERM RESTORATION ACT OF 1984 -
✔✔Patent extension for brand manufacturers up to 5 extra years
, PRESCRIPTION DRUG MARKETING ACT OF 1987 - ✔✔Wholesalers required to
be licensed by the state under federal guidelines
PRESCRIPTION DRUG MARKETING ACT OF 1987 - ✔✔Banning of re-importation
of RX drugs produced in the U.S. unless the original manufacturer reimports them
PRESCRIPTION DRUG MARKETING ACT OF 1987 - ✔✔Specifications for
storage, handling, and recordkeeping established for drug samples
PRESCRIPTION DRUG MARKETING ACT OF 1987 - ✔✔Prohibition of re-sale of
RX drugs purchased by hospitals or health care facilities (exceptions exist)
PRESCRIPTION DRUG MARKETING ACT OF 1987 - ✔✔Banning sale, trade
or purchase of drug samples
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