Today, America leads the world in medical innovation because of our unique research ecosystem, but that wasn’t always the case. A new paper from NDP Analytics, “Will US Leadership in Biopharmaceutical R&D Continue? Consequences of Price Controls and Other Anti-Innovation Policies,” takes a look at the positive and negative impacts that public policies can have on biopharmaceutical innovation – namely how the adoption of government price setting and other anti-innovation policies across Europe in the 1980s and 1990s pushed the locus of R&D investment away from the continent to countries with more pro-innovation policies, principally the United States.
