Publications [#238141] of Henry G. Grabowski

Chapters in Books

1. with DiMasi, Joseph A.; Grabowski, HG, R&D Costs and Returns to New Drug Develoopment: A Review of the Evidence, in The Oxford Handbook of the Economics of the Biopharmaceutical Industry, edited by Danzon, PM; Nicholson, S (May, 2012), pp. 22-46, OUP USA, ISBN 9780199742998 [repository], [doi]
   (last updated on 2026/01/17)

   Abstract:
   This article reviews the extensive literature on R&D costs and returns. The first section focuses on R&D costs and the various factors that have affected the trends in real R&D costs over time. The second section considers economic studies on the distribution of returns in pharmaceuticals for different cohorts of new drug introductions. It also reviews the use of these studies to analyze the impact of policy actions on R&D costs and returns. The final section concludes and discusses open questions for further research.