Licensing life-saving drugs for developing countries: evidence from the medicines patent pool

Galasso, Alberto and Schankerman, Mark ORCID: 0009-0006-1071-7672 (2024) Licensing life-saving drugs for developing countries: evidence from the medicines patent pool. The Review of Economics and Statistics, 106 (6). 1529 – 1541. ISSN 0034-6535

Text (Licensing Life-Saving Drugs for Developing Countries) - Accepted Version Download (569kB)

• Author

Abstract

We study the effects of the Medicines Patent Pool (MPP)—an institution that pools patents across geographical markets—on the licensing and adoption of life-saving drugs in low- and middle-income countries. We show the presence of an immediate and large increase in licensing when a patent is included in the MPP. We also show evidence that the pool increases actual entry and volume of sales, but these impacts are much smaller than on licensing, which is due to the geographic bundling of licenses. The paper highlights the potential of pools in promoting diffusion of biomedical innovation in developing countries.

Item Type:	Article
Additional Information:	© 2022 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
Divisions:	Economics
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HA Statistics R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
JEL classification:	I - Health, Education, and Welfare > I1 - Health > I18 - Government Policy; Regulation; Public Health O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O31 - Innovation and Invention: Processes and Incentives O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O34 - Intellectual Property Rights: National and International Issues
Date Deposited:	20 Jun 2024 11:06
Last Modified:	12 Dec 2024 04:20
URI:	http://eprints.lse.ac.uk/id/eprint/123932

Actions (login required)

View Item