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Published on: May 18, 2020
Biopharmaceuticals: the economic equation
Erwin A Blackstone1, Joseph P Fuhr
1Erwin A. Blackstone, PhD, is a professor of economics at Temple University in Philadelphia. Joseph P. Fuhr Jr., PhD, is a professor of economics at Widener University, in Chester, Pa., and an adjunct research professor for the Department of Health Policy, Thomas Jefferson University, in Philadelphia.
Abstract:
As more biopharmaceuticals reach the market, more attention will be given to issues such as cost-effectiveness evaluations, biosimilars, and price controls. The value biologic therapies bring to the healthcare system may take years to appreciate in full -perhaps only when policy decisions allow for their economic effects to be understood.
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