Lichtenberg, Frank R. - In: Economics of Innovation and New Technology 16 (2007) 6, pp. 403-417
Importation of drugs into the US may soon become legal. Since prices of drugs are lower in most other countries than … they are in the US, importation would result in a decline in US drug prices. The purpose of this paper is to assess the … consequences of importation for new drug development. First, the author presents a simple theoretical model of drug development …