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- W1549303670 abstract "The focus of this paper is the economics of the pharmaceutical R&D process. Major developments currently impacting the industry include the fact that R&D costs for new drugs are rising very rapidly. Product life cycles are also shortening, meaning there is less time to recover R&D costs and other investment expenditures. Firms are increasingly dependent on a small number of blockbuster products to finance future research and development. This paper provides an overview of several factors influencing the environment for pharmaceutical R&D: trends in costs and product life cycles, returns from new drug introductions, and the consequences of price and profit controls on incentives." @default.
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- W1549303670 date "1995-01-01" @default.
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- W1549303670 title "'Price and Profit Control, New Competitive Dynamics and the Economics of Innovation in the Pharmaceutical Industry'" @default.
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