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OverviewThis study develops a detailed description of the successful technology transfer of an invention — the drug-eluting coronary stent — originating in intramural research within the US National Institutes of Health. The history of the commercialization of the invention is used to illustrate a new policy, proposed and explained in this study, for the payment to the government of royalties on the sales of biomedical products developed with substantial public funding provided through indirect as well as direct funding avenues. The proposed policy addresses concerns about the high prices that taxpayers as consumers pay for biomedical products that were developed with funding from the taxpayers as investors. The study explains the theoretical circumstances in which the policy would not adversely affect the appropriate level of R&D investment, and then uses the history of the drug-eluting coronary stent as an example where biomedical R&D is consistent with those circumstances. Full Product DetailsAuthor: Robert S. Danziger , John T. ScottPublisher: now publishers Inc Imprint: now publishers Inc Weight: 0.170kg ISBN: 9781680838206ISBN 10: 1680838202 Pages: 112 Publication Date: 08 September 2021 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1. Introduction 2. The Two Avenues for Public Funding of Pharmaceutical and Other Biomedical R&D 3. The Story of Drug-Eluting Coronary Stents 4. The Incentives Issue 5. The Circumstances Affecting Incentives for the Development of Drug-Eluting Stents 6. A Proposal for Government Royalties for Biomedical Products Developed with Substantial Public Funding for R&D 7. Conclusion Acknowledgements Appendices A. Incomplete Pass Through of the Royalty to Price Given Market Power About the Authors ReferencesReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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