Pammolli, Fabio; Riccaboni, Massimo; Magazzini, Laura - Dipartimento di Scienze Economiche, Facoltà di Economia - 2010
We analyze the decline of R&D productivity in pharmaceuticals and its determinants. Since the molecular biology revolution, science has dramatically expanded the set of plausible therapeutic targets. However, innovation has become more difficult to achieve, and attrition rates of R&D projects...