Ontology highlight
ABSTRACT:
SUBMITTER: Higgins MJ
PROVIDER: S-EPMC7486863 | biostudies-literature | 2021 Jan
REPOSITORIES: biostudies-literature
Higgins Matthew J MJ Yan Xin X Chatterjee Chirantan C
Research policy 20200912 1
We provide causal evidence that regulation induced product shocks significantly impact aggregate demand and firm performance in pharmaceutical markets. Event study results suggest an average loss between $569 million and $882 million. Affected products lose, on average, $186 million over their remaining effective patent life. This leaves a loss of between $383 million and $696 million attributable to declines in future innovation. Our findings complement research that shows drugs receiving exped ...[more]