Pharmaceutical Economics and Policy / Edition 2

Pharmaceutical Economics and Policy / Edition 2

by Stuart O. Schweitzer

View All Available Formats & Editions

ISBN-10: 0195300955

ISBN-13: 9780195300956

Pub. Date: 11/02/2006

Publisher: Oxford University Press

Analysis of the pharmaceutical industry with suggestions for regulatory approaches that will serve the industry and its customers.


Analysis of the pharmaceutical industry with suggestions for regulatory approaches that will serve the industry and its customers.

Product Details

Oxford University Press
Publication date:
Edition description:
Product dimensions:
9.30(w) x 6.20(h) x 0.50(d)

Table of Contents

Introduction     3
The Supply of Pharmaceuticals     5
The Demand for Pharmaceuticals     7
Pharmaceutical Prices     8
The Multinational Pharmaceutical Industry     11
International Price Comparisons     12
Timing of Pharmaceutical Approvals     12
Government Intervention in the Pharmaceutical Sector     13
The Industry
The Pharmaceutical Industry     21
Pharmaceutical Research and Development     22
The Competitive Structure of the Pharmaceutical Industry     23
Pharmaceutical Research and Development and Prices     27
The Pharmaceutical Research Process     29
Product Liability     38
Conclusions     40
The Biotechnology Industry     44
Background     44
Product Development in the Biotechnology Industry     47
The Natural History of Biotechnology Firms     48
Case Studies of Alliances     53
Regulation     55
Case Studies of Biotechnology Firm Growth     57
Conclusions     60
Other Firms in the Pharmaceutical Industry     63
Generic Drugs and Their Manufacturers     63
Outsourcing Firms     68
Conclusions     78
Marketing Pharmaceuticals     82
Size of Marketing Effort     85
Does It Work?     85
Types of Promotion     87
Disguising Marketing as Research     93
Marketing in an Era of Managed Care     94
Pharmacy Benefit Managers     95
Direct-to-Consumer Advertising     97
Over-the-Counter Drugs     100
Joint Marketing     103
Disease Management     103
Roles of the U.S. Food and Drug Administration in Marketing     104
False and Misleading Claims     105
The Consumer
The Demand for Pharmaceuticals     115
How Is Demand Determined?     116
The Changing Structure of the Pharmaceutical Market     117
Conclusions     131
The Market
Pharmaceutical Prices     137
The Problem of Pharmaceutical Prices     138
Pharmaceutical Prices over Time     139
Measuring Drug Prices     141
How Are Drug Prices Determined?     143
Cost Structure of Pharmaceutical Firms     144
Is the Pharmaceutical Industry Monopolistic?     149
How Drug Quality Influences Price      153
The Worldwide Market for Pharmaceuticals     157
Geographic Patterns of Pharmaceutical Production and Sales     158
Pharmaceutical Research and Development: An International View     159
Does Government Drug Price Setting Influence R&D?     166
Worldwide Manufacturing and Sales     167
Access to Appropriate Drugs in Developing Countries     170
Effect of the World Trade Organization Treaty     173
Pricing Pharmaceuticals in a World Environment     177
Why Do Drug Prices Vary Across Country?     178
Comparisons of International Drug Prices     180
How Do We Measure Drug Prices across Countries?     184
Why Drug Price Differences Persist     186
Policy Implications     186
The Timing of Drug Approvals in the United States and Abroad     191
The Timing of Pharmaceutical Approvals and Health Policy     192
The Drug Approval Process in the United States     193
Recent Initiatives to Expedite Drug Approvals     198
Is There a U.S. Drug Lag?     199
Intervention in the Pharmaceutical Market: Public and Private
Pharmaceutical Regulation and Cost Containment by the Public Sector     209
Evolution of the U.S. Food and Drug Administration      2110
Medicaid     211
State Cost-Containment Efforts     213
Medicare     214
Regulation by the Private Sector     222
Cost-Containment Mechanisms     222
Cost Containment in Managed Care     230
Pharmaceutical Regulation in Europe     238
The Pharmaceutical Industry in Europe     238
History of Regulation in Europe     239
Move Toward a Single Market     240
Structure and Role of the European Medicines Evaluation Agency     240
Drug Review under the European Medicines Evaluation Agency     241
Current Regulatory Structure     242
The Centralized Procedure for Marketing Authorization     243
The Mutual-Recognition Procedure     245
Performance of Europe's Centralized Drug Approval     246
Rules on Labeling of Medicinal Products     247
Advertising Regulations     248
Pharmacovigilance     248
Generic Drugs     249
Patent Protection     252
Patent Law     253
Patentability and Patent Categories     254
How Are Patents Obtained?     255
What Protection Does a Patent Confer?     256
Duration of Patent Protection     256
Infringement of Patents     258
International Patent Treaties     258
Patent Procedures under International Conventions     260
Shortcomings of the Patent System     260
Patents and Societal Choice     261
Social Benefits of the Patent System     261
Evaluating New Drugs     263
Optimizing Production of Health     263
Cost-Benefit Analysis     266
Cost-Effectiveness Analysis     270
Cost-Utility Analysis     272
Policy Applications     274
Interpretation and Misinterpretation of Cost-Effectiveness Studies     277
Complementary and Alternative Medicines     280
Who Uses Complementary and Alternative Medicines?     282
Manufacturers and Distributors of Complementary and Alternative Medicines     282
Dietary Supplements     283
Food Additives     293
Medical Foods     296
Concluding Remarks on Complementary and Alternative Medicines     300
Pharmaceuticals and Health Policy: A Look Ahead     304
Structure of the Pharmaceutical Industry     304
Health System Reform     306
Drug Prices     308
Drug Imports     308
Patent Protection     309
Drug Approvals     310
Managed Care and Restricted Access to Pharmaceuticals     311
The U.S. Food and Drug Administration     313
Genetically Targeted Drugs     314
Conclusions     315
Index     317

Customer Reviews

Average Review:

Write a Review

and post it to your social network


Most Helpful Customer Reviews

See all customer reviews >