Dimasi, Joseph; Grabowski, Henry; Vernon, John - In: International Journal of the Economics of Business 2 (1995) 2, pp. 201-219
This study examines the relationships between firm size, R&D costs and output in the pharmaceutical industry. Project-level data from a survey of 12 US-owned pharmaceutical firms on drug development costs, development phase lengths and failure rates are used to determine estimates of the R&D...