التفاصيل البيبلوغرافية
| العنوان: |
Big Pharma and monopoly capitalism: A long-term view. |
| المؤلفون: |
Dosi, Giovanni1 (AUTHOR), Marengo, Luigi1,2 (AUTHOR) lmarengo@luiss.it, Staccioli, Jacopo3 (AUTHOR), Virgillito, Maria Enrica1 (AUTHOR) |
| المصدر: |
Structural Change & Economic Dynamics. Jun2023, Vol. 65, p15-35. 21p. |
| مصطلحات موضوعية: |
*DRUG patents, *MONOPOLY capitalism, *INTELLECTUAL property, *PATENT applications, *PHARMACEUTICAL industry, BORDERLANDS |
| الشركة/الكيان: |
UNITED States. Food & Drug Administration |
| مستخلص: |
• Construction of a digitalised dataset containing all drugs approved in the orange book by the food and drug administration since 1985 to 2020. • Pharmaceutical patents appear to be increasingly oriented to secure appropriability conditions. • Strong skewness in patent applications trade names and increasing patent thickness over time. • Decreasing ratio of orange book patents receiving public support. • Firm-level strong correlation between patent portfolio and profitability. Are intellectual property rights institutions meant to foster innovative activity or conversely to secure appropriation and profitability? Taking stock of a long-term empirical evidence on the pharmaceutical sector in the US, we can hardly support IPRs intended as an innovation rewarding institution. According to our analysis, pharma patents have constituted legal barriers to protect intellectual monopolies rather than an incentive and a reward to innovative efforts. Patenting strategies appear to be quite aggressive in extending knowledge borders and enlarging the space protected from the possibility of infringement. This is also witnessed by the fact that patent applications are very skewed in the covered trade names and patent thickness expands over time. Conversely, the ratio of patents protecting new drugs approved by the FDA which draw upon government-sponsored research – as such, a mark for quality – falls. Firm-level analysis on profitability confirms strong correlation, restricted to publicly traded pharmaceutical companies, between patent portfolio and profit margins. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |
