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020 _a9783319089034
024 7 _a10.1007/978-3-319-08903-4
_2doi
040 _bspa
_cES-MaUEC
_dES-MaUEC
050 4 _aRA410.56
_b2015 EB
100 1 _aPekarsky, Brita A.K.
_994888
_0Local
245 1 4 _aThe New Drug Reimbursement Game :
_bA Regulator’s Guide to Playing and Winning
_cby Brita A.K. Pekarsky.
260 _aCham
_bSpringer International Publishing
_bImprint: Adis
_c2015.
300 _a1 recurso en línea (XVI, 248 páginas)
_b9 ilustraciones
336 _aTexto
_btxt
_2rdacontent
337 _aelectrónico
_bc
_2rdamedia
338 _arecurso electrónico
_bcr
_2rdacarrier
505 0 _aIntroduction -- Reframing the political economy of new drugs -- The social rate of return on investment in pharmaceutical R&D -- The value of innovation -- The shadow price -- The health shadow price -- The health shadow price and the economic context -- The `pharmaceutical R&D financing' game -- The `pharmacotherapy needs a premium' game -- Conclusion.
520 3 _aThis comprehensive text presents a rigorous framework from within which regulators can respond strategically to the claim by the pharmaceutical industry that lower drug prices today lead to a loss for the populationâ€{u3826}uture health due to less innovation. It starts with a critical review of the empirical evidence of the return to consumers on their ongoing investment into high drug prices in order to increase future innovation. The implicit, critical and unrealistic assumption inherent in these studies is identified, namely that the health budget can be expanded to purchase drugs at higher prices without an opportunity cost, for example, the foregone benefits of alternative investments in health care infrastructure. Price effectiveness analysis (PEA), is introduced. PEA informs the question of how the innovative surplus from the new drug should be allocated between the manufacturer and the consumer so as to optimise societyâ€{u3837}elfare. The method allows the decisions by the regulator and the firm to be analysed jointly by specifying the firmâ€{u3830}roduction and revenue functions in terms of the clinical innovation of a new drug; the incremental effect used in the summary metric of cost effectiveness analysis. An economic value of innovation that takes into account opportunity cost under conditions of economic efficiency in the health system is proposed: the health shadow price. The limitations of the non-strategic methods that currently inform the highly contested new drug subsidy game are presented and the relative strengths of PEA are demonstrated. Health technology assessment quantifies both the clinical innovation of a new drug and its financial impact on the health system. Cost effectiveness analysis tests the relationship between the incremental cost and incremental effect of a new drug for target patients, at a given price. PEA tests the relationship between the price of a new drug and the health of the whole population, now and into the future. It achieves this by taking into account current inefficiency in both resource allocation and the displacement process, and the relationship between price and future innovation.
988 _aSpringer_Medicine_2015
650 7 _aTecnología farmacéutica
_2embne
_9161127
650 7 _aFarmacias
_xGestión
_2embne
_9275527
650 2 7 _aIndustria farmacéutica
_2embne
_9138366
710 2 _aSpringerLink (Online service)
_0Local
_9106996
856 4 0 _uhttps://go.openathens.net/redirector/universidadeuropea.es?url=https://link.springer.com/book/10.1007/978-3-319-08903-4
_zAcceso a este recurso digital (usuarios Universidad Europea de Madrid)
907 _a.b12907959
_b10-10-17
_c10-02-16
942 _2lcc
_cLE
945 _aRA410.56 P453 2015 EB
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_ieBOOK
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