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  Generic Competition and the Incentives for Early-Stage Pharmaceutical Innovation

Branstetter, L., Chatterjee, C., & Higgins, M. J. (2022). Generic Competition and the Incentives for Early-Stage Pharmaceutical Innovation. Research Policy, 51(10): 104595. doi:10.1016/j.respol.2022.104595.

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Also published as: NBER Working Paper 20532
OA-Status:
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 Creators:
Branstetter, Lee1, Author
Chatterjee, Chirantan1, Author
Higgins, Matthew John2, Author           
Affiliations:
1External Organizations, ou_persistent22              
2MPI for Innovation and Competition, Max Planck Society, ou_2035292              

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Free keywords: Pharmaceutical innovation ; Generic entry ; Nature of innovation ; Innovation policy
 Abstract: What impact has rising generic competition had on the nature and direction of pharmaceutical innovation? We find broad-based, strong evidence that pharmaceutical companies have diverted their new drug development efforts away from therapeutic markets already well-served by generic drugs. We also find that increasing generic competition induces firms to shift their R&D activity toward more biologic-based products and away from chemical-based products. We conclude by discussing potential implications of our results for long-run innovation policy.

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Language(s): eng - English
 Dates: 2022
 Publication Status: Issued
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: -
 Identifiers: DOI: 10.1016/j.respol.2022.104595
 Degree: -

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Title: Research Policy
Source Genre: Journal
 Creator(s):
Affiliations:
Publ. Info: North-Holland
Pages: - Volume / Issue: 51 (10) Sequence Number: 104595 Start / End Page: - Identifier: ISSN: 0048-7333
CoNE: https://pure.mpg.de/cone/journals/resource/954921364529