R&d Costs, Innovative Output and Firm Size in the Pharmaceutical Industry
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Summary
The R&D cost per new drug approved in the US is shown to decrease with firm size, whileSales distributions are highly skewed and suggest that firms need to search for blockbuster drugs with above--average returns.
- Type
- article
- Published
- 1995-07-01
- Cited by
- 88
- References
- 23
- OpenAlex
- https://openalex.org/W1969759644
- Semantic Scholar
- https://api.semanticscholar.org/CorpusID:153497635
Keywords
Pharmaceutical industry, Industrial organization, Business, Economics, Microeconomics
References
- New drug development in the United States from 1963 to 1992
- How health care reform affects pharmaceutical research and development
- Innovation and Growth: Schumpeterian Perspectives
- Market Structure and Technological Change
- Pricing, Profits, and Technological Progress in the Pharmaceutical Industry
- Returns to Scale in Research in the Ethical Pharmaceutical Industry: Some Further Empirical Evidence
- Brand Loyalty, Entry, and Price Competition in Pharmaceuticals after the 1984 Drug Act
- "Innovation in the Pharmaceutical Industry".
- Returns to R&D on new drug introductions in the 1980s.
- Do Important Drugs Reach the Market Sooner
- The Empirical Basis for the Discovery of New Therapies
- Technical Change and Firm Size: The Pharmaceutical Industry
- Success rates for new drugs entering clinical testing in the United States
- Innovation and Structural Change in Pharmaceuticals and Biotechnology
- Research Expenditures and the Discovery of New Drugs
- A New Look at the Returns and Risks to Pharmaceutical R&D
- Setting the record straight: The office of technology assessment report—pharmaceutical R&D costs, risks, and rewards
- Innovative productivity and returns to scale in the pharmaceutical industry
- Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?
- Cost of innovation in the pharmaceutical industry.
Cited by
- PharmaMar: una aplicación de la teoría de opciones reales a la valoración de empresas farmaceúticas
- Technology Trends in Drug Discovery and Development: Implications for the Development of the Pharmaceutical Industry in Australia
- Bioinformatics solutions for confident identification and targeted quantification of proteins using tandem mass spectrometry
- Clinical trials and tribulations: implementation processes in schizophrenia research outcome.
- REAL OPTIONS IN BIOTECHNOLOGICAL FIRMS VALUATION. AN EMPIRICAL ANALYSIS OF EUROPEAN FIRMS.
- Wald Revisited: The Optimal Level of Experimentation
- THE OPTIMALL EVELOF EXPERIMENTATION
- Paths to Creating Value in Pharmaceutical Mergers
- The Market for Professional Services in Indonesia
- The cost of drug development: a systematic review.
- Strategic groups in the biopharmaceutical industry: implications for performance.
- Size, R&D productivity and Decision Styles
- Experience and scale and scope economies: Trade-offs and performance in development.
- Executive Summary: White Paper on Four Areas of Relevance to New Drug Development and Review in the United States
- How Much Does Expertise Reduce Behavioral Biases? The Case of Anchoring Effects in Stock Return Estimates
- Product life cycle patterns for pharmaceuticals and their impact on R&D profitability of late mover products
- Risks in new drug development: Approval success rates for investigational drugs
- New drug development in the United States from 1963 to 1999
- Pharmaceutical R&D Performance by Firm Size: Approval Success Rates and Economic Returns
- Regulatory Dependence and Scientific Advisory Boards
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