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Regulatory Review Time and Pharmaceutical R&D

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  • Chorniy, Anna
  • Bailey, James
  • Maloney, Michael
  • Civan, Abdulkadir

    (Mercury Publication)

Abstract

We examine the responsiveness of pharmaceutical companies’ R&D strategies to the length of_x000D_ the regulatory delay. This delay is caused by U.S. Federal Drug Administration (FDA) policies in_x000D_ place regarding testing of newly developed drugs. We extend our p

Suggested Citation

  • Chorniy, Anna & Bailey, James & Maloney, Michael & Civan, Abdulkadir, 2019. "Regulatory Review Time and Pharmaceutical R&D," Working Papers 06923, George Mason University, Mercatus Center.
    • Handle: RePEc:ajw:wpaper:06923
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    References listed on IDEAS

    as
    1. Mary K. Olson, 2002. "Pharmaceutical Policy Change and the Safety of New Drugs," Journal of Law and Economics, University of Chicago Press, vol. 45(S2), pages 615-642.
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    3. Philipson, Tomas & Berndt, Ernst R. & Gottschalk, Adrian H.B. & Sun, Eric, 2008. "Cost-benefit analysis of the FDA: The case of the prescription drug user fee acts," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1306-1325, June.
    4. Vernon, John A. & Golec, Joseph H. & Lutter, Randall & Nardinelli, Clark, 2009. "An exploratory study of FDA new drug review times, prescription drug user fee acts, and R&D spending," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(4), pages 1260-1274, November.
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    6. DiMasi, Joseph A. & Hansen, Ronald W. & Grabowski, Henry G., 2003. "The price of innovation: new estimates of drug development costs," Journal of Health Economics, Elsevier, vol. 22(2), pages 151-185, March.
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