The Industry that Cries Wolf: Pharma and Innovation
STAT: First Opinion, 2019
2 Pages Posted: 28 Oct 2019
Date Written: September 26, 2019
Whenever Congress considers reasonable legislation to lower drug prices, we hear that this will be the "end of innovation." This short piece compares Big Pharma to the boy who cried wolf, offering numerous examples (going back to 1961!) of the industry claiming that legislation will harm innovation.
Keywords: pharmaceuticals, drugs, innovation
JEL Classification: I18, K21, L40, L41, L43, L65, O34, O38
Suggested Citation: Suggested Citation