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  • Title: The economics of drug discovery and the ultimate valuation of pharmacotherapies in the marketplace.
    Author: Sollano JA, Kirsch JM, Bala MV, Chambers MG, Harpole LH.
    Journal: Clin Pharmacol Ther; 2008 Aug; 84(2):263-6. PubMed ID: 18547999.
    Abstract:
    Although it is commonly believed that the innovation of new medicines is of paramount importance for improving the health and quality of life of patients, there is also a keen recognition regarding upward-spiraling costs of innovation, drug discovery, and drug development against a backdrop of dwindling successes in research and development (R&D) efforts. We propose a new model of valuation of pharmacotherapies that attempts to secure an adequate return on investment in innovation by ensuring optimal pricing and reimbursement.
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