(Edited version, October 11, 2013) ‘Pay for delay’ deals are commonplace in the pharmaceutical industry; they involve branded drug makers paying generic groups to delay the launch of lower-cost versions of their drugs. Last July, the US House of Representatives passed a legislation banning such deals. These deals are also at the center of European […]
Tag Archives | innovation
What is the link between competition and innovation?
By 24 September 2010 105
In an article published in 2004 in The Economist (and later reproduced in the book ‘The Future of Technology’ pp. 107-110), one can read the following: “On the record, any top executive in the IT, consumer-electronics and telecoms industries today will profess that his firm is leading the way towards simplicity. But are those claims justified? […]
R&D cooperation or competition?
By 17 September 2010 105
R&D cooperation across firms is often celebrated as it allows firms to better manage the R&D process by pooling risks, sharing costs, eliminating useless duplication of efforts, pooling complementary skills, or exploiting economies of scale. However, a recent publication by Bernard T. Ferrari and Jessica Goethals from McKinsey&Company advocates instead the use of rivalry to spur […]