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

67 Pages Posted: 11 Jun 2008 Last revised: 23 Feb 2014

Vivek Wadhwa

Center for Entrepreneurship and Research Commercialization, Pratt School of Engineering; Stanford University - Arthur & Toni Rembe Rock Center for Corporate Governance

Ben A. Rissing

Massachusetts Institute of Technology (MIT) - Behavioral Policy Science (BPS)

G. 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

Suggested Citation

Wadhwa, Vivek and Rissing, Ben A. and Gereffi, G. and Trumpbour, John and Engardio, Pete, The Globalization of Innovation: Pharmaceuticals: Can India and China Cure the Global Pharmaceutical Market. Available at SSRN: https://ssrn.com/abstract=1143472 or http://dx.doi.org/10.2139/ssrn.1143472

Vivek Wadhwa

Center for Entrepreneurship and Research Commercialization, Pratt School of Engineering ( email )

Durham, NC 27708
United States

Stanford University - Arthur & Toni Rembe Rock Center for Corporate Governance ( email )

Crown Quadrangle 559 Nathan Ab
Stanford, CA 94305-8610
United States

Ben A. Rissing (Contact Author)

Massachusetts Institute of Technology (MIT) - Behavioral Policy Science (BPS) ( email )

Cambridge, MA
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

Pete Engardio

BusinessWeek ( email )

United States

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