Sources of biopharmaceutical innovation: An assessment of intellectual property

Michael Kinch and Julio Raffo
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Michael Kinch: Washington University in St Louis, St Louis, MO, USA.

No 24, WIPO Economic Research Working Papers from World Intellectual Property Organization - Economics and Statistics Division

Abstract: An analysis of FDA-approved new molecular entities reveals dynamism in terms of new innovation. An assessment of the first patent for each drug reveals that the pharmaceutical industry, particularly large, established companies in North America, tend to dominate the field. Over the past 10-15 years, European and Asian organizations have begun to close the gap. A dynamic inventive environment in drug discovery is suggested by the fact that NMEs for biologics or awarded to biotechnology companies often have inventors from the pharmaceutical and academic sectors. Whereas inventors continue to found biotechnology companies at a steady rate, recent trends suggest these inventors more often come from the private sector.

Keywords: FDA; Patent; Intellectual Property; Firm founder. (search for similar items in EconPapers)
Pages: 14 pages
Date: 2015-02
New Economics Papers: this item is included in nep-cse, nep-ino, nep-ipr, nep-pr~, nep-knm and nep-sea
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Citations: View citations in EconPapers (1)

Published in Drug Discovery Today, December 2014, ISSN 1359-6446, http://dx.doi.org/10.1016/j.drudis.2014.12.002.

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