The Globalization of Clinical Trials for New Medicines: Where are the Trials Going and Why?

Posted: 11 Jun 2007

See all articles by Ernst R. Berndt

Ernst R. Berndt

Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER)

Iain M. Cockburn

Boston University Questrom School of Business; National Bureau of Economic Research (NBER)

Fabio A. Thiers

Massachusetts Institute of Technology (MIT)

Date Written: June 2007

Abstract

We begin by documenting trends in the changing geographical location of clinical trials for new medicines since 2002, away from Western Europe and Canada, and towards Eastern Europe, Latin America and Asia. We then develop a framework for modeling the factors affecting the globalization of clinical trials, particularly into emerging economies. Factors we investigate include country-specific measures of medical infrastructure, costs per patient in the trial, intellectual property protection, size of potential host country market for pharmaceuticals, and measures of e-readiness. We find that factors affecting the globalization process are relative costs per patient, changing intellectual property protection, size of the host country's potential market size, and human capital capabilities.

Keywords: clinical trials, globalization, emerging economies, intellectual property

JEL Classification: F21, I11, C90

Suggested Citation

Berndt, Ernst R. and Cockburn, Iain M. and Thiers, Fabio A., The Globalization of Clinical Trials for New Medicines: Where are the Trials Going and Why? (June 2007). iHEA 2007 6th World Congress: Explorations in Health Economics Paper, Available at SSRN: https://ssrn.com/abstract=992483

Ernst R. Berndt (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

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National Bureau of Economic Research (NBER)

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Iain M. Cockburn

Boston University Questrom School of Business ( email )

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National Bureau of Economic Research (NBER) ( email )

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Fabio A. Thiers

Massachusetts Institute of Technology (MIT) ( email )

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Cambridge, MA 02139-4307
United States

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