| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28460 |
| 来源ID | Working Paper 28460 |
| Biosimilar Competition: Early Learning | |
| Richard G. Frank; Mahnum Shahzad; William B. Feldman; Aaron S. Kesselheim | |
| 发表日期 | 2021-03-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Biologics accounted for roughly $145 billion in spending in 2018 (IQVIA, 2019). They are also the fastest growing segment of the pharmaceutical industry. The Biological Price Competition and Innovation Act (BPCIA) of 2010 created an abbreviated pathway for biosimilar products to promote price competition in the market for biological drugs. There was great anticipation that the BPCIA would lead to a moderation in drug prices driven by market competition. The observed levels of competition and the accompanying savings have not reached those expected levels. we investigate the early impacts of entry of potential biosimilar competitors on use of biosimilars and prices for biological products. We focus especially on entry by biosimilars and how altered market structures stemming from the implementation of the BPCIA are affecting the prices for biological products subject to biosimilar competition. We do so by studying 7 products that have recently faced biosimilar competition. We estimate fixed effects and Instrument Variables models to estimate the impact of market competition on prices. Our results indicate that in the range of 1 to 3 entrants each additional marketed product results in a reduction in weighted average market prices of between 5.4 and 7 percentage points. |
| 主题 | Health, Education, and Welfare ; Health ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w28460 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586191 |
| 推荐引用方式 GB/T 7714 | Richard G. Frank,Mahnum Shahzad,William B. Feldman,et al. Biosimilar Competition: Early Learning. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28460.pdf（398KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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