Abstract

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The Globalization of Innovation: Pharmaceuticals: Can India and China Cure the Global Pharmaceutical Market

Vivek Wadhwa
Duke University - Pratt School of Engineering; Harvard University - Labor and Worklife Program

Ben Rissing
Harvard Law School - Labor and Worklife Program; Duke University - Pratt School of Engineering - Master of Engineering Management Program

Gary Gereffi
Duke University - Department of Sociology - Director, Center on Globalization, Governance & Competitiveness

John Trumpbour
Harvard University - Labor and Worklife Program

Pete Engardio
BusinessWeek

Abstract:
Multinational pharmaceutical corporations are searching for means to broaden their capacity for drug development while decreasing costs. Pharmaceutical firms in India and China are increasingly forging partnerships with these corporations to gain revenue and to develop their own expertise. These relationships largely appear to be symbiotic. As a result of the movement of research to their countries, Indian and Chinese scientists are rapidly developing the ability to innovate and create their own intellectual property. Several firms in India and China are performing advanced R&D and are moving into the highest-value segments of the pharmaceutical global value chain.

Keywords: pharmaceuticals, innovaiton, R&D, value chain, China, India

Working Paper Series

Date posted: June 11, 2008 ; Last revised: June 18, 2008

Suggested Citation

Wadhwa, Vivek, Rissing, Ben, Gereffi, Gary, Trumpbour , John and Engardio, Pete, The Globalization of Innovation: Pharmaceuticals: Can India and China Cure the Global Pharmaceutical Market. Available at SSRN: http://ssrn.com/abstract=1143472

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Contact Information

Ben Rissing (Contact Author) Harvard Law School - Labor and Worklife Program ( email ) 1575 Massachusetts Hauser 406 Cambridge, MA 02138 United States 703-600-9239 (Phone)
Duke University - Pratt School of Engineering - Master of Engineering Management Program ( email ) Durham, NC 27708-0204 United States
Pete Engardio BusinessWeek ( email ) United States
Gary Gereffi Duke University - Department of Sociology - Director, Center on Globalization, Governance & Competitiveness ( email ) Box 90088 Durham, NC 27708-0204 United States 919-660-5880 (Phone) 919-684-2855 (Fax)
John Trumpbour Harvard University - Labor and Worklife Program ( email ) 125 Mt. Auburn St., 3rd Floor Cambridge, MA 02138 United States
Vivek Wadhwa Duke University - Pratt School of Engineering ( email ) Durham, NC 27708 United States
Harvard University - Labor and Worklife Program ( email ) 125 Mt. Auburn St., 3rd Floor Cambridge, MA 02138 United States