The Industry that Cries Wolf: Pharma and Innovation

STAT: First Opinion, 2019

2 Pages Posted: 28 Oct 2019

See all articles by Michael A. Carrier

Michael A. Carrier

Rutgers Law School

Genevieve Tung

Rutgers, The State University of New Jersey - Rutgers Law School

Date Written: September 26, 2019

Abstract

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

Carrier, Michael A. and Tung, Genevieve, The Industry that Cries Wolf: Pharma and Innovation (September 26, 2019). STAT: First Opinion, 2019, Available at SSRN: https://ssrn.com/abstract=3464893

Michael A. Carrier (Contact Author)

Rutgers Law School ( email )

217 North Fifth Street
Camden, NJ 08102-1203
United States
856-225-6380 (Phone)
856-225-6516 (Fax)

Genevieve Tung

Rutgers, The State University of New Jersey - Rutgers Law School ( email )

Newark, NJ
United States
856-225-6970 (Phone)

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