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- W2332863054 abstract "In 1987, leading U.S. drug companies earned $37.5 billion, 9.5% of which they plowed back into research. With returns to equity averaging 18.9% over the past five years, the drug industry ranks as the fourth most profitable in the U.S. economy behind only soft drinks, tobacco, and the communications media. The industry achieved all this while remaining one of the most closely regulated activities in our society. Research-intensive, highly profitable, and heavily regulated— few would quarrel with such a characterization of the modern drug industry. The question is: How are these phenomena related, if at all? Traditional accounts credit the industry's strong emphasis on research for both its striking economic performance and its heavy regulatory burden. Therapeutic innovation, the fruit of research, has yielded high profits and careful public scrutiny in equal proportions. Never without its problems, this benign view has come under attack from industry spokesmen who question the economic benefits of regulat..." @default.
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- W2332863054 date "1988-09-26" @default.
- W2332863054 modified "2023-09-27" @default.
- W2332863054 title "The Shaping of the Pharmaceutical Industry" @default.
- W2332863054 doi "https://doi.org/10.1021/cen-v066n039.p043" @default.
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