Too many drugs? The clinical and economic value of incremental innovations
- 19 May 2004
- book chapter
- Published by Emerald Publishing
Abstract
Drugs in the same therapeutic class differ in their therapeutic profile, metabolism, adverse effects, dosing schedules, delivery systems, and other features. In addition, such agents can provide backup if the initial drug sometimes fails in the development stage or in the market. The availability of a broad range of medicines enables physicians to treat with precision the individual needs of diverse patients and provides options when the first agent used is either ineffective or not tolerated. Some incremental innovations have been associated with overall cost savings. Competition among drugs in a therapeutic class drives prices down. Policies that limit research on incremental innovations may deny access to important therapies, reduce competition, and erode incentives for research.Keywords
This publication has 53 references indexed in Scilit:
- Novel hepatoselective insulin analog: studies with a covalently linked thyroxyl-insulin complex in humans.Diabetes Care, 2000
- Healthcare Costs of Patients with Heart Failure Treated with Torasemide or FurosemidePharmacoEconomics, 2000
- How many leads from HTS?Drug Discovery Today, 1999
- Translating Safety, Efficacy and Compliance into Economic Value for Controlled Release Dosage FormsPharmacoEconomics, 1994
- Returns to R&D on new drug introductions in the 1980sJournal of Health Economics, 1994
- Oral Hypoglycemic AgentsNew England Journal of Medicine, 1989
- Sulphonylurea Antidiabetic DrugsDrugs, 1989
- Clinical differences between beta-adrenergic blocking agents: Implications for therapeutic substitutionAmerican Heart Journal, 1987
- Economic consequences of postinfarction prophylaxis with beta blockers: cost effectiveness of metoprolol.BMJ, 1987
- The state of the art of the science of drug discovery?an opinionDrug Development Research, 1984