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Pharmaceutical industry in Russia: Key trends and developments

Author

Listed:
  • Ivanova, N.

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, Moscow, Russia)

  • Mamedyarov, Z.

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, Moscow, Russia)

Abstract

The paper considers the specifics of innovation activity and scientific and technological development in R and D intensive pharmaceutical industry. A generalized comparison of Russian and foreign pharmaceutical industry during the current COVID-19 pandemic is carried out. The dynamics of the domestic pharmaceutical market development is analyzed; the trends and persisting problems are studied. The potential of growth of domestic pharmaceutical industry with adequate interaction of state and business in entering the world markets was shown. It is pointed out that both abroad and in Russia during the pandemic the industry became one of the few where research costs had increased significantly. The paper shows that support policy for pharmaceutical industry in Russia over the next 10 years will be emphasized on the creation of own innovative drugs (including biotech types), and generics for the domestic market. The new ways of production and digitalization of the pharmaceutical industry remain outside the current support measures.

Suggested Citation

  • Ivanova, N. & Mamedyarov, Z., 2022. "Pharmaceutical industry in Russia: Key trends and developments," Journal of the New Economic Association, New Economic Association, vol. 53(1), pages 248-255.
    • Handle: RePEc:nea:journl:y:2022:i:53:p:248-255
    DOI: 10.31737/2221-2264-2022-53-1-15
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    References listed on IDEAS

    as
    1. Naci, Huseyin & Kesselheim, Aaron S., 2020. "Specialty drugs: a distinctly American phenomenon," LSE Research Online Documents on Economics 105102, London School of Economics and Political Science, LSE Library.
    2. Manturov, Denis V. (Мантуров, Денис), 2018. "Industrial Policy in the Pharmaceutical Industry of the Russian Federation [Промышленная Политика В Российской Фармацевтической Отрасли]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 64-77, April.
    3. Fernando Galindo-Rueda & Fabien Verger, 2016. "OECD Taxonomy of Economic Activities Based on R&D Intensity," OECD Science, Technology and Industry Working Papers 2016/4, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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