pharmaceuticals. The changing methods by which drugs are discovered, the links between companies and academic science, the changing … character of public regulation, and the sharp rise in the cost per new approved drug are analyzed. Determining which new drugs …

been advocated. This paper challenges the central argument in the debate on the topic, namely that drug regulation and drug … innovation are necessarily at odds with each other. Although intuitively appealing, the argument that drug regulation negatively … affects the incentives to innovate does not fully capture the role that regulation plays in this industry. This paper shows …

This study investigates how enhanced regulation can promote innovation, focusing on the impacts of a significant …