Technical Progress And Product Market Success in Pharmaceuticals the Case of C

Cover Technical Progress And Product Market Success in Pharmaceuticals the Case of C
Technical Progress And Product Market Success in Pharmaceuticals the Case of C
Allan Nembo Afuah
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The values for 1987 should be interpreted with some caution since the coefFicient for the 1987 dummy variable (D87) is significant only to 15. 4%. It would appear that the quality-adjusted prices have not been rising as fast as the unadjusted values (an annual growth rate of 6% compared to an unadjusted value of 9%). The fact that quality adjusted annual price growth for that period is 33% lower than the unadjusted value, indicates that the drugs that were introduced during that period offered ...improving price-performance values.
iii) Technological Generations: Figures 6a, 6b, 6c, 6d, 6e, 6f, 6g and 6h show the performance of the different technological generations over the years for each of the key drug performance characteristics. We note two key trends: 1) within each technological generation, the key performance characteristics — low density lipoprotein cholesterol (LDL-C), total plasma cholesterol (TOTAL-C), plasma triglycerides, adminstration frequency, high density lipoprotein cholesterol (HDL-C), LDL-C/HDL-C and TOTAL-C/HDL-C— have, on the average, improved from one member of the family to the other.


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