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

Journal of Law, Medicine and Ethics 49 (1):39-49 (2021)
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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.

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