English, Article, Journal or magazine article edition: Patents, Public-Private Partnerships or Prizes – How should we support pharmaceutical innovation? Paul Grootendorst

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Bookmark: http://trove.nla.gov.au/version/125913
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Patents, Public-Private Partnerships or Prizes – How should we support pharmaceutical innovation?
Author
  • Paul Grootendorst
Physical Description
  • preprint
Notes
  • The question as to how society should support pharmaceutical (‘pharma’) innovation is both pertinent and timely: Pharma drugs are an integral component of modern health care and hold the promise to treat more effectively various debilitating health problems. The productivity of the pharma R&​D enterprise, however, has declined since the 1980s. Many observers question whether the patent system is conducive to pharma innovation and point to several promising alternative mechanisms. These mechanisms include both ‘push’ programs – subsidies directed towards the cost of pharma R&​D – and ‘pull’ programs – lumpsum and royalty-based rewards for the outputs of pharma R&​D, that is, new drugs. I review evidence why our current system of pharma patents is defective and outline the various alternative mechanisms that may spur pharma innovation more effectively.
  • Pharmaceuticals, R&​D, patents, prizes, innovation
  • RePEc:mcm:sedapp:250
Language
  • English
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