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- W2040526292 abstract "This documented fact sheet provides evidence that all drug research by large firms, net of taxpayers' subsidies, is paid for out of domestic sales in each country, with profits to spare. Prices can be lower without jeopardizing basic research for new drugs. More exposure to global price competition would encourage more innovative research and less of the derivative me-too research that now dominates. In the U.S., the FDA Commissioner, Mark McClellan, and the drug industry are responding to pressures for lower costs by mounting a large campaign to pressure all other affluent countries to raise their prices to U.S. levels. They claim that lower prices do not pay for drug research costs, but we provide evidence that this is untrue. Ultimately, however, such nationalistic arguments are based on regarding basic research and new discoveries, which can happen anywhere, and the cost of trials, which are carried out in the countries deemed most commercially advantageous, as part of national companies and national accounts, when in fact they are part of a global economy for pharmaceutical products." @default.
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- W2040526292 date "2004-01-01" @default.
- W2040526292 modified "2023-09-25" @default.
- W2040526292 title "Will Lower Drug Prices Jeopardize Drug Research? A Policy Fact Sheet" @default.
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- W2040526292 doi "https://doi.org/10.1162/152651604773067488" @default.
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