| 来源类型 | Working Paper
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| 规范类型 | 报告
|
| DOI | 10.3386/w20016
|
| 来源ID | Working Paper 20016
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| Specialty drug prices and utilization after loss of U.S. patent exclusivity, 2001-2007 |
| Rena M. Conti; Ernst R. Berndt
|
| 发表日期 | 2014-03-27
|
| 出版年 | 2014
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| 语种 | 英语
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| 摘要 | We examine the impact of loss of U.S. patent exclusivity (LOE) on the prices and utilization of specialty drugs between 2001 and 2007. We limit our empirical cohort to drugs commonly used to treat cancer and base our analyses on nationally representative data from IMS Health. We begin by describing the average number of manufacturers entering specialty drugs following LOE. We observe the number of manufacturers entering the production of newly generic specialty drugs ranges between two and five per molecule in the years following LOE, which is generally less than that observed historically for non-specialty drugs. However, the existence of time-varying and unobservable contract manufacturing practices complicates the definition of "manufacturers" entering this market. We use pooled time series methods to examine whether the neoclassical relationship between price declines and volume increases upon LOE holds among these drugs. First, we examine the extent to which estimated prices of these drug undergoing LOE fall with generic entry. Second, we estimate reduced form random effects models of utilization subsequent to LOE. We observe substantial price erosion after generic entry; average monthly price declines appear to be larger among physician-administered drugs (38-46.4%) compared to oral drugs (25-26%). Additionally, we find average prices for drugs produced by branded manufacturers rise and prices for drugs produced by generic manufacturers fall upon LOE. The latter effect is particularly large among oral drugs. In pooled models, volume appears to increase following generic entry, but this result appears to be largely driven by oral drugs. We discuss second-best welfare consequences of these results. |
| 主题 | Microeconomics
; Health, Education, and Welfare
; Health
; Industrial Organization
; Market Structure and Firm Performance
; Industry Studies
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| URL | https://www.nber.org/papers/w20016
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577690
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推荐引用方式
GB/T 7714 |
Rena M. Conti,Ernst R. Berndt. Specialty drug prices and utilization after loss of U.S. patent exclusivity, 2001-2007. 2014.
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