legalized reimportation of lower-priced pharmaceuticals from foreign countries. This study uses the Clinton Administration …'s Health Security Act (HSA) of 1993 as a natural experiment to show how threats of price constraints affect firm-level Ramp …;D spending. We link events surrounding the HSA to pharmaceutical company stock price changes and then examine the cross …

legalized reimportation of lower-priced pharmaceuticals from foreign countries. This study uses the Clinton Administration …'s Health Security Act (HSA) of 1993 as a natural experiment to show how threats of price constraints affect firm-level R …&D spending. We link events surrounding the HSA to pharmaceutical company stock price changes and then examine the cross …