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Can medical products be developed on a non-profit basis? Exploring product development partnerships for neglected diseases

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  • V. Muñoz
  • F. Visentin
  • D. Foray
  • P. Gaulé

Abstract

Reliance on market forces can lead to underinvestment in social welfare enhancing innovation. The lack of new medical products in the area of neglected diseases is a case in point. R&D for neglected diseases has increased with new funding and collaborations taking place mainly through product development partnerships (PDPs). PDPs are self-governing, private non-profit R&D organizations. In contrast to push and pull instruments designed to address private-sector R&D underinvestment, PDPs have emerged voluntarily to address this public health challenge. In this study we examine how non-profit R&D collaboration for neglected diseases takes place through PDPs. We find that PDPs act as ‘system integrators’ that leverage the resources and capabilities of a network of public, philanthropic and private-sector partners. This paper contributes to an understanding of R&D in a non-profit context and highlights the importance of collaboration and non-market institutions for promoting innovation where market failures occur.

Suggested Citation

  • V. Muñoz & F. Visentin & D. Foray & P. Gaulé, 2015. "Can medical products be developed on a non-profit basis? Exploring product development partnerships for neglected diseases," Science and Public Policy, Oxford University Press, vol. 42(3), pages 315-338.
    • Handle: RePEc:oup:scippl:v:42:y:2015:i:3:p:315-338.
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    File URL: http://hdl.handle.net/10.1093/scipol/scu049
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    Cited by:

    1. Patnaik, Swetketu & Pereira, Vijay & Temouri, Yama & Malik, Ashish & Roohanifar, Mohammad, 2020. "The dance of power and trust-exploring micro-foundational dimensions in the development of global health partnership," Technological Forecasting and Social Change, Elsevier, vol. 156(C).
    2. Agarwal, Ruchir & Gaule, Patrick, 2022. "What drives innovation? Lessons from COVID-19 R&D," Journal of Health Economics, Elsevier, vol. 82(C).
    3. Elisabeth Eppinger, 2021. "How Open Innovation Practices Deliver Societal Benefits," Sustainability, MDPI, vol. 13(3), pages 1-19, January.
    4. Paola Perez-Aleman & Tommaso Ferretti, 2023. "Creating innovation capabilities for improving global health: Inventing technology for neglected tropical diseases in Brazil," Journal of International Business Policy, Palgrave Macmillan, vol. 6(1), pages 84-114, March.
    5. Woodson, Thomas S., 2016. "Public private partnerships and emerging technologies: A look at nanomedicine for diseases of poverty," Research Policy, Elsevier, vol. 45(7), pages 1410-1418.

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