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A Market Shaping Approach for the Biopharmaceutical Industry: Governing Innovation Towards the Public Interest

Published online by Cambridge University Press:  21 April 2021

Mariana Mazzucato  and
Henry Lishi Li
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Abstract

Enhancing research and development and ensuring equitable pricing and access to cutting-edge treatments are both vital to a biopharmaceutical innovation system that works in the public interest. However, despite delivering numerous therapeutic advances, the existing system suffers from major problems: a lack of directionality to meet key needs, inefficient collaboration, high prices that fail to reflect the public contribution, and an overly-financialized business model.

Keywords

PharmaceuticalInnovationPricingAccessGovernance
Type
Symposium Articles
Information
Journal of Law, Medicine & Ethics , Volume 49 , Issue 1: Public Sector and Non-Profit Contributions to Drug Development: Historical Scope, Opportunities, and Challenges , Spring 2021 , pp. 39 - 49
Copyright
© 2021 The Author(s)

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