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Pharmaceuticals and Europe 1992: The Dynamics of Industrial Change

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  • J Howells

    (Centre for Urban and Regional Development Studies, University of Newcastle upon Tyne, Newcastle upon Tyne NE1 7RU, England)

Abstract

This paper provides an analysis of the implications of 1992 on the European pharmaceutical industry and sets it within the wider restructuring of the industry. The creation of a single European pharmaceutical market will, however, be gradual and will often present conflicting tendencies. The response of the major drug companies to the period of rapid technological change associated with the development of biotechnology is assessed. Their financial power together with their control of key knowledge and information assets, in the form of R&D and sales and marketing networks, has been a central element in their survival and growth. It has been presented that the power of large firms in terms of control and vertical integration has shifted away from production to nonproduction assets.

Suggested Citation

  • J Howells, 1992. "Pharmaceuticals and Europe 1992: The Dynamics of Industrial Change," Environment and Planning A, , vol. 24(1), pages 33-48, January.
    • Handle: RePEc:sae:envira:v:24:y:1992:i:1:p:33-48
    DOI: 10.1068/a240033
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    References listed on IDEAS

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    1. Howells, Jeremy, 1990. "The location and organisation of research and development: New horizons," Research Policy, Elsevier, vol. 19(2), pages 133-146, April.
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    Cited by:

    1. M Gray & E Parker, 1998. "Industrial Change and Regional Development: The Case of the US Biotechnology and Pharmaceutical Industries," Environment and Planning A, , vol. 30(10), pages 1757-1774, October.
    2. Keith Chapman & Helen Edmond, 2000. "Mergers/Acquisitions and Restructuring in the EU Chemical Industry: Patterns and Implications," Regional Studies, Taylor & Francis Journals, vol. 34(8), pages 753-767.
    3. David Smallbone Shaw & Andrew Cumbers Shaw & Stephen Syrett Shaw & Roger Leigh, 1999. "The Single European Market and SMEs: A Comparison of its Effects in the Food and Clothing Sectors in the UK and Portugal," Regional Studies, Taylor & Francis Journals, vol. 33(1), pages 51-62.

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