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Playing the European Postal Code Lottery?: Analysis of Time to Market of new Drugs on the European Market
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

This thesis seeks to investigate the vastly varying time to market of newly approved drugs across Europe. Firtsly, I use a country fixed effects model on data of newly approved drugs from 2014 to 2017 from 18 European countries. I investigate the correlations between medication specific characteristics and the launch time and find that drugs intended to treat HIV, rheumatism or hepatitis are correlated with a faster launch time. Orphan drugs, though they represent a third of the dataset are found to be insignificantly correlated with time to market. Using a drug fixed effects model, I research important country characteristics in relation to the launch time and find that countries with higher imports of medications are correlated with a quicker time to market. Countries with larger medication export sectors experience a longer waiting time, which could be linked to companies trying to hinder the parallel export of new drugs.

Place, publisher, year, edition, pages
2019. , p. 43
Keywords [en]
Time to Market, Launch Time, Fixed Effects, Drug Characteristics, Country Characteristics
National Category
Economics
Identifiers
URN: urn:nbn:se:uu:diva-391498OAI: oai:DiVA.org:uu-391498DiVA, id: diva2:1345144
Subject / course
Economics
Educational program
Master Programme in Economics
Supervisors
Available from: 2019-08-23 Created: 2019-08-23 Last updated: 2019-08-23Bibliographically approved

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
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  • vancouver
  • Other style
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
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