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How evolving market structures affect innovation and drug prices in the pharmaceutical industry
Investigator (PI): Feldman, Robin
Performing Organization (PO): (Current): University of California, Hastings College of the Law / (415) 565-4600
Supporting Agency (SA): Commonwealth Fund
Initial Year: 2020
Final Year: 2021
Record Source/Award ID: CMWL/ 20202827
Funding: Total Award Amount: $169,446
Award Type: Grant
Abstract: The project aims to address whether consolidation in the pharmaceutical industry is problematic from an innovation or competition standpoint through literature review and theoretical interpretation. The project will consider 1) how consolidation in the industry among different types of firms affects market structure and financial incentives in the supply chain and thereby influences drug costs, and 2) whether the Hirschman-Herfindahl Index (HHI) is an appropriate measure for the pharmaceutical industry due to the segmentation of the markets and the interaction of various intellectual property rights and regulations. The project will use utilize an exhaustive literature review of academic sources, grey literature, government reports, industry analyses, pipeline assessments, manufacturers' annual statements, and more in order to develop a theoretical framework to assess the state of competition and develop policy solutions.
MeSH Terms:
  • Algorithms
  • Commerce
  • * Diffusion of Innovation
  • * Drug Costs
  • Health Policy
  • Humans
  • Intellectual Property
  • Organizational Models
  • Pharmaceutical Industry /*organization & administration
  • /*trends
Country: United States
State: California
Zip Code: 94102
UI: 20211065
Project Status: Ongoing