Health Eco.

The objective of Lu and Comanor s study is to investigate on the factors that stir the prices of pharmaceutical products at their introduction to the food market throughout their carriage cycle . Their work was founded on economic principles and supported by a regression analysis of empirical data on new drugs introduced from 1978 to 1987 . Data on the new molecular entities that were introduced in front 1984 were sourced from the Food and Drug Administration (1985 , go the rest were from a study of drugs lags between the United States and the United Kingdom p The drugs used as part of the empirical data were scene of action of force to the FDA ratings , wherein chassis A represented drugs that provided valuable sanative run into , Class B were drugs that were modestly effective , and Class C were drugs that gave little o r no therapeutic benefits . angiotensin-converting enzyme of the main findings was the therapeutic significance of the pharmaceutical products was directly relative to its douse price .

In fact , Class A and B drugs were launched into the market at a premium sequence most of Class C drugs were at a neglect . These findings convenient previous research , such as Reekie s (1978 . accord to Reekie , drugs that were therapeutically ripe were priced higher than substitutes already in the market while imitators cost cheaper . This pricing behavior has led Reekie to shut that an however price competition in the m arket cannot be only possible due to the pr! esence of such advanced patent drugs . He observed , however , that through duration , prices...If you trust to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper