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Protecting Incentives to Innovate while Addressing Healthcare Costs


Protecting Incentives to Innovate while Addressing Healthcare Costs

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In a previous blog post, we reviewed key factors that drive the research, development, and pricing of prescription drugs. Drug research is extremely expensive and yields only about one successful medication for every 20 candidates in development. Those medications then have a limited period of patent protection in which to earn back the cost of that […]

Drug Companies Facing ‘Patent Cliff’

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Baseball players are sometimes used to illustrate the elusive nature of success. Players who maintain a batting average of .300 throughout their careers – meaning they failed to get a hit 70 percent of the time – often are named to the sport’s hall of fame. If the pharmaceutical industry enjoyed a similarly lofty rate […]