TY - JOUR
T1 - Licensing Life-Saving Drugs for Developing Countries
T2 - Evidence from the Medicines Patent Pool
AU - Galasso, Alberto
AU - Schankerman, Mark
N1 - Publisher Copyright:
© 2022 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.
PY - 2024/11
Y1 - 2024/11
N2 - 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.
AB - 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.
UR - https://www.scopus.com/pages/publications/105000008488
U2 - 10.1162/rest_a_01253
DO - 10.1162/rest_a_01253
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AN - SCOPUS:105000008488
SN - 0034-6535
VL - 106
SP - 1529
EP - 1541
JO - Review of Economics and Statistics
JF - Review of Economics and Statistics
IS - 6
ER -