relation: http://eprints.imtlucca.it/1625/
title: R&D, Within and Between Patent Competition in the Pharmaceutical Industry
creator: Magazzini, Laura
creator: Pammolli, Fabio
creator: Riccaboni, Massimo
subject: HB Economic Theory
subject: RS Pharmacy and materia medica
description: We analyse the consequences of the increasing complexity of R&D on within- and between-patent competition in the pharmaceutical industry. The intensity of competition  is measured by jointly considering the timing from market launch to patent expiry, the strength of between-patent competition as well as competition introduced by generic  producers. A simple model is proposed that predicts the shrinking of product lifetimes in the presence of correlated parallel R&D projects and market portfolios. The model is tested using data on pharmaceutical products sold in Europe and in the US. Based on our model we are able to estimate the impact of R&D complexity and relatedness  among R&D portfolios on the value of innovative drugs.
date: 2013-07
type: Working Paper
type: NonPeerReviewed
format: application/pdf
language: en
identifier: http://eprints.imtlucca.it/1625/1/EIC_WP_3_2013.pdf
identifier:   Magazzini, Laura and Pammolli, Fabio and Riccaboni, Massimo  R&D, Within and Between Patent Competition in the Pharmaceutical Industry.  EIC working paper series  #3/2013     ISSN 2279-6894.