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- W4255274322 abstract "This chapter describes the biopharmaceutical industry, beginning with an examination of its role and significance in the national economies of OECD countries in terms of employment, economic output, trade and research and development (R&D) expenditure. It then takes a closer look at the process of pharmaceutical R&D, outlining the main phases of the development of new medicines and their attendant risks; examining the contributions to R&D of the public and private sectors; comparing R&D intensity in the pharmaceutical industry with that of other industries; and considering R&D expenditure and activity in the context of health needs. Finally, the chapter describes trends in the industry, observing that while R&D productivity has declined over time and is increasingly focused on the development of medicines for small patient populations, the industry remains highly profitable." @default.
- W4255274322 created "2022-05-12" @default.
- W4255274322 date "2018-11-29" @default.
- W4255274322 modified "2023-09-23" @default.
- W4255274322 title "Discovering and selling medicines" @default.
- W4255274322 doi "https://doi.org/10.1787/9789264307391-5-en" @default.
- W4255274322 hasPublicationYear "2018" @default.
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