Prices, regulation and innovation in pharmaceuticals and biotechnology
The Value of Innovation: Impact on Health, Life Quality, Safety, and Regulatory Research
ISBN: 978-0-7623-1346-4, eISBN: 978-1-84950-551-2
Publication date: 1 November 2007
Abstract
This chapter examines the role of pharmaceutical patents in the on-going support of pharmaceutical innovation. The social value of pharmaceutical innovation and the importance of its sustained growth are explained. The government buy-outs of patents to reduce drug prices for all American consumers while preserving vital drug innovation are proposed.
Citation
Hay, J. (2007), "Prices, regulation and innovation in pharmaceuticals and biotechnology", Farquhar, I., Summers, K.H. and Sorkin, A. (Ed.) The Value of Innovation: Impact on Health, Life Quality, Safety, and Regulatory Research (Research in Human Capital and Development, Vol. 16), Emerald Group Publishing Limited, Leeds, pp. 81-99. https://doi.org/10.1016/S0194-3960(08)16005-X
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited