What Role Do the Public and Private Sectors Play in Pharmaceutical Innovation?
The discovery and marketing of countless therapeutic drugs and vaccines over the past century has undeniably helped to revolutionize the field of health care. Despite the scope of this progress and the benefits that have flowed from it, the pharmaceutical sector continues to be the target of numerous criticisms. How are innovative drugs discovered and developed? What do the public sector and the private sector each contribute to the process? The purpose of this Economic Note is to shed some light on these questions.
Media release: Innovative drugs: The complementary roles of the public and private sectors
Economic Note: “How Pharmaceutical Innovation Has Revolutionized Health Care” (June 2014)
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