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

Mazzucato, M; Li, HL; (2021) A Market Shaping Approach for the Biopharmaceutical Industry: Governing Innovation Towards the Public Interest. Journal of Law, Medicine & Ethics , 49 (1) pp. 39-49. 10.1017/jme.2021.8. Green open access

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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.

Type: Article
Title: A Market Shaping Approach for the Biopharmaceutical Industry: Governing Innovation Towards the Public Interest
Location: England
Open access status: An open access version is available from UCL Discovery
DOI: 10.1017/jme.2021.8
Publisher version: https://doi.org/10.1017/jme.2021.8
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions.
Keywords: Pharmaceutical; Innovation; Pricing; Access; Governance
UCL classification: UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL
URI: https://discovery.ucl.ac.uk/id/eprint/10142696
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