A Market Shaping Approach for the Biopharmaceutical Industry: Governing Innovation Towards the Public Interest
Year: 2021
Type: article
Abstract: Enhancing research and development and ensuring equitable pricing and access to cutting-edge treatments are both vital to a biopharmaceutical innovation system that works in the public interest. However, despite delivering numerous therapeutic advances, the existing system suffers from major problems: a lack of directionality to meet key needs, inefficient collaboration, high prices that fail to reflect the public contribution, and an overly-financialized business model.
DOI: 10.1017/jme.2021.8
Authors: Mariana Mazzucato, Henry Lishi Li
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,255
OpenAlex ID: W3153452158