Government royalties on sales of biomedical products developed with substantial public funding

Robert S. Danziger () and John Scott
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Robert S. Danziger: University of Illinois at Chicago

The Journal of Technology Transfer, 2021, vol. 46, issue 5, No 3, 1343 pages

Abstract: Abstract This paper proposes a policy of royalties paid to the government on the sales of biomedical products developed with public funds. The proposed policy would increase the incentives to create and to transfer to the private sector useful biomedical inventions from the research done in federal laboratories and in universities. The royalties policy would also address the concern that taxpayers pay prices perceived to be unreasonable for biomedical products developed with substantial taxpayer funding.

Keywords: Government royalties; Technology transfer; Federal laboratories; Pharmaceutical prices; Biomedical research; Government-funded R&D (search for similar items in EconPapers)
JEL-codes: H40 H51 H81 O31 O33 O38 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10961-020-09821-6

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