Title

Pharmaceutical Manufacturing Efficiency, Drug Prices, And Public Health: Examining The Causal Links

Keywords

Drug prices; Pharmaceutical manufacturing; R&; D

Abstract

There are important fundamental links among the efficiency of pharmaceutical manufacturing, drug prices, and public health in the United States. This article seeks to probe these links because recent research (by academics and even the US Food and Drug Administration) suggests there are significant opportunities to improve the manufacturing processes for pharmaceuticals. Two models are developed that consider the impact of reduced manufacturing costs on pharmaceutical prices and firm profits. The two models effectively bound the range of potential future benefits from greater manufacturing efficiency and estimate that, for example, a 30% reduction in manufacturing costs will generate between $1.0 and $ 12.3 trillion in social value to the United States. Copyright © 2007 Drug Information Association, Inc.

Publication Date

1-1-2007

Publication Title

Drug Information Journal

Volume

41

Issue

2

Number of Pages

229-239

Document Type

Article; Proceedings Paper

Personal Identifier

scopus

DOI Link

https://doi.org/10.1177/009286150704100217

Socpus ID

33947201624 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/33947201624

This document is currently not available here.

Share

COinS