R&D Costs, Innovative Output and Firm Size in the Pharmaceutical Industry
Volume: 2, Issue: 2, Pages: 201 - 219
Published: Jul 1, 1995
Abstract
This study examines the relationships between firm size, R&D costs and output in the pharmaceutical industry. Project–level data from a survey of 12 US–owned pharmaceutical firms on drug development costs, development phase lengths and failure rates are used to determine estimates of the R&D cost of new drug development by firm size. Firms in the sample are grouped into three size categories, according to their pharmaceutical sales at the...
Paper Details
Title
R&D Costs, Innovative Output and Firm Size in the Pharmaceutical Industry
Published Date
Jul 1, 1995
Volume
2
Issue
2
Pages
201 - 219
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