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Generic Competition and the Incentives for Early-Stage Pharmaceutical Innovation / Lee Branstetter, Chirantan Chatterjee, Matthew J. Higgins.
- Format:
- Book
- Author/Creator:
- Branstetter, Lee.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20532.
- NBER working paper series no. w20532
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Starving
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- What impact has rising generic competition had on the nature and direction of pharmaceutical innovation? We find broad-based, strong evidence that pharmaceutical companies have diverted their new drug development efforts away from therapeutic markets already well-served by generic drugs. We also find that increasing generic competition induces firms to shift their R&D activity towards more biologic-based products and away from chemical-based products. We conclude by discussing potential implications of our results for long-run innovation policy.
- Notes:
- Print version record
- September 2014.
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