Developing Novel Drugs
Abstract
We analyze the economic tradeoffs associated with firms' decisions to invest in incremental and radical innovation, in the context of pharmaceutical research and development. null We develop a new, ex ante, measure of a drug candidate's innovativeness by comparing its chemical structure to that of previously developed drug candidates: this allows us to better distinguish between novel and so-called “me-too” null drugs. null We show that, on...
Paper Details
Title
Developing Novel Drugs
Published Date
Jan 1, 2017
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