【主讲】Nina Yin (Central University of Finance and Economics)
【主题】Examining Firm Responses to Innovation Policy: An Analysis of Pediatric Exclusivity (author: Mary Olson and Nina Yin)
【时间】2016年3月3日 (周四) 15：30-17：00
【地点】上海财经大学经济学院楼701室
【语言】英文
【摘要】Our paper examines how firm innovation strategies were affected by the 1997 PediatricExclusivity Provision. The innovation policy was adopted to incentivize pediatricstudies for medically important drugs, but the policy design may distort firm incentivesin ways that could undermine policy goals. We examine the influence of a drug’s medicalimportance and total sales on FDA’s demand and firms’ supply of pediatric studies.Results provide evidence of policy inefficiency. Firms prioritized pediatric studies forhigh revenue drugs over drugs that are medically important to children; and pediatricstudies for older drugs with less remaining patent life over newer drugs.
