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Patents and the global diffusion of new drugs

Author: Iain Cockburn; Jean Olson Lanjouw; Mark Schankerman; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2014.
Series: Working paper series (National Bureau of Economic Research), no. 20492.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
This paper studies how patent rights and price regulation affect how fast new drugs are launched in different countries, using newly constructed data on launches of 642 new drugs in 76 countries for the period 1983-2002, and information on the duration and content of patent and price control regimes. Price regulation strongly delays launch, while longer and more extensive patent protection accelerates it. Health  Read more...
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Details

Genre/Form: Patents
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Iain Cockburn; Jean Olson Lanjouw; Mark Schankerman; National Bureau of Economic Research,
OCLC Number: 891988098
Notes: "September 2014"
Description: 1 online resource (35 pages, 10 unnumbered pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 20492.
Responsibility: Iain M. Cockburn, Jean O. Lanjouw, Mark Schankerman.

Abstract:

This paper studies how patent rights and price regulation affect how fast new drugs are launched in different countries, using newly constructed data on launches of 642 new drugs in 76 countries for the period 1983-2002, and information on the duration and content of patent and price control regimes. Price regulation strongly delays launch, while longer and more extensive patent protection accelerates it. Health policy institutions, and economic and demographic factors that make markets more profitable, also speed up diffusion. The effects are robust to using instruments to control for endogeneity of policy regimes. The results point to an important role for patents and other policy choices in driving the diffusion of new innovations.

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