You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Reexamining Drug Regulation from the Perspective of Innovation Policy
Rebecca S. Eisenberg
Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft
Vol. 160, No. 1, 21st International Seminar on the New Institutional Economics - The Generation and Distribution of Knowledge (March 2004), pp. 126-135
Published by: Mohr Siebeck GmbH & Co. KG
Stable URL: http://www.jstor.org/stable/40752445
Page Count: 10
You can always find the topics here!Topics: Patents, Drug regulation, Pharmaceutical industry, Industrial regulation, Product innovation, Economic regulation, Advertising restrictions, Patent law, Food law, Clinical trials
Were these topics helpful?See somethings inaccurate? Let us know!
Select the topics that are inaccurate.
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
The patent system typically takes credit for motivating biopharmaceutical innovation by making it profitable, while drug regulation gets blamed for burdening innovation with bureaucratic costs and delays. But FDA regulation in fact promotes profitability by prolonging exclusivity in product markets and by protecting against parallel imports. Firms may prefer FDA-administered exclusivities to expanded patent protection because they protect product markets without also adding to R& D costs. FDA-administered exclusivities may also face fewer legal and political obstacles than expanded patent protection, although as pressure mounts to constrain the rising costs of drugs, the political environment is changing.
Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft © 2004 Mohr Siebeck GmbH & Co. KG