Debunking the Myth that High Drug Prices Accelerate Innovation
Avik Roy, Foundation for Research on Equal Opportunity (FREOPP)
Jan 01, 2023 - Jan 01, 2024
Summary of the Project:
The United States has the highest prescription drug prices in the world. A common argument used to justify high prices is that lowering them will harm innovation and the development of new cures. This study will examine large and small drug companies to compare how effectively each invests their research and development spending into new and innovative cures and treatments. Findings will inform policy efforts to bring down the cost of prescription drugs for patients.