{"id":11461,"date":"2018-11-05T22:04:43","date_gmt":"2018-11-05T21:04:43","guid":{"rendered":"https:\/\/www.hollandbio.nl\/?p=11461"},"modified":"2018-11-20T22:09:15","modified_gmt":"2018-11-20T21:09:15","slug":"price-controls-would-harm-drug-discovery-and-innovation-new-report-shows","status":"publish","type":"post","link":"https:\/\/www.hollandbio.nl\/en\/nieuws\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\/","title":{"rendered":"Price Controls Would Harm Drug Discovery and Innovation, New Report Shows"},"content":{"rendered":"

As the Trump administration considers policy price controls on drugs, a\u00a0new report<\/strong><\/span><\/a>\u00a0released today by the Information Technology and Innovation Foundation (ITIF), the world\u2019s top-ranked science and technology policy think tank, highlights how price controls would have a negative effect on drug development by reducing biopharmaceutical industry investment in research, thereby slowing the pace of drug discovery. Further, price controls would damage the overall life-sciences innovation ecosystem by reducing knowledge sharing between firms.<\/p>\n

\u201cBiomedical innovation is critical to addressing the country\u2019s health challenges, but developing a new drug costs between $1.5 to $2.6 billion,\u201d said ITIF President Rob Atkinson, author of the report. \u201cPrice controls and other steps to limit prices, such as weaker intellectual property protections, would lead to less R&D and would limit overall knowledge generation and sharing critical to new drug discovery.\u201d<\/p>\n

The report shows that biopharmaceutical firms contribute to the overall drug innovation ecosystem because the research and development (R&D) they fund spills over both to other firms and to the public domain, helping to spur more life-sciences innovation. The report also highlights how biopharmaceutical firms contribute to knowledge sharing through providing over $2.5 billion annually for university research in all fifty states, contributing to open science through over 12,500 publications in science journals in 2017, and participating in other activities such as open consortia designed to develop and disseminate discoveries.<\/p>\n

\u201cPrice controls will slow the pace of drug innovation, and future generations will pay the price,\u201d Atkinson said. \u201cWithout the knowledge generation that R&D stimulates, the next generation of Americans will be left with drugs that will be less effective than they could have been.\u201d<\/p>\n

Read the report here<\/strong><\/span><\/a>.<\/p>\n

Source: ITIF<\/a><\/strong><\/span><\/p>\n

The Information Technology and Innovation Foundation (ITIF) is an independent, nonpartisan research and educational institute focusing on the intersection of technological innovation and public policy. Recognized as the world\u2019s leading science and technology think tank, ITIF\u2019s mission is to formulate and promote policy solutions that accelerate innovation and boost productivity to spur growth, opportunity, and progress.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the Trump administration considers policy price controls on drugs, a\u00a0new report\u00a0released today by the Information Technology and Innovation Foundation (ITIF), the world\u2019s top-ranked science and technology policy think tank, highlights how price controls would have a negative effect on drug development by reducing biopharmaceutical industry investment in research, thereby slowing the pace of drug […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-11461","post","type-post","status-publish","format-standard","hentry","category-innovatieklimaat"],"acf":[],"yoast_head":"\nPrice Controls Would Harm Drug Discovery and Innovation, New Report Shows - hollandbio<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hollandbio.nl\/en\/nieuws\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Price Controls Would Harm Drug Discovery and Innovation, New Report Shows - hollandbio\" \/>\n<meta property=\"og:description\" content=\"As the Trump administration considers policy price controls on drugs, a\u00a0new report\u00a0released today by the Information Technology and Innovation Foundation (ITIF), the world\u2019s top-ranked science and technology policy think tank, highlights how price controls would have a negative effect on drug development by reducing biopharmaceutical industry investment in research, thereby slowing the pace of drug […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hollandbio.nl\/en\/nieuws\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\/\" \/>\n<meta property=\"og:site_name\" content=\"hollandbio\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-05T21:04:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-11-20T21:09:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hollandbio.nl\/wp-content\/uploads\/2025\/01\/hb-opengraph_illu.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"hollandbio\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hollandbio\" \/>\n<meta name=\"twitter:site\" content=\"@hollandbio\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"hollandbio\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.hollandbio.nl\\\/en\\\/nieuws\\\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hollandbio.nl\\\/en\\\/nieuws\\\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\\\/\"},\"author\":{\"name\":\"hollandbio\",\"@id\":\"https:\\\/\\\/www.hollandbio.nl\\\/en\\\/#\\\/schema\\\/person\\\/833d6a25b39946e61c6101af1fa96fbb\"},\"headline\":\"Price Controls Would Harm Drug Discovery and Innovation, New Report Shows\",\"datePublished\":\"2018-11-05T21:04:43+00:00\",\"dateModified\":\"2018-11-20T21:09:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.hollandbio.nl\\\/en\\\/nieuws\\\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\\\/\"},\"wordCount\":349,\"publisher\":{\"@id\":\"https:\\\/\\\/www.hollandbio.nl\\\/en\\\/#organization\"},\"articleSection\":[\"Innovatieklimaat\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.hollandbio.nl\\\/en\\\/nieuws\\\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\\\/\",\"url\":\"https:\\\/\\\/www.hollandbio.nl\\\/en\\\/nieuws\\\/price-controls-would-harm-drug-discovery-and-innovation-new-report-shows\\\/\",\"name\":\"Price Controls Would Harm Drug Discovery and Innovation, New Report Shows - 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