Securing the Benefits of Medical Innovation for Seniors: The Role of Prescription Drugs and Drug Coverage. FACTORS INFLUENCING MEDICAL INNOVATION


Multiple factors influence whether new and better treatments for chronic diseases will be available for current and future generations.

  • Investment in biomedical research, an efficient regulatory process to assure drug safety and efficacy, patent protection of intellectual property, and fair pricing of new drugs and biologics are important elements to ensure continued medical innovation.
  • Government controls may impede medical innovation and new product development and introduction.

Developers must balance the potential value of a new drug versus the cost of bringing it to the marketplace in a certain country.

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