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Conclusions and Comment

In: The International Diffusion of Pharmaceuticals

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  • J. E. S. Parker

Abstract

The main conclusions from this study are as follows: (1) Arrival time lags decline for more recent drugs. (2) The regulatory attitude of countries seems to be linked to their wealth. A mixture of pseudo market and risk averse socio political pressure may well be responsible for this relationship. (3) By introducing a random element into the introduction process, regulation probably has a desynchronising effect on the timing of market launch. (4) Regulation lags increase over the sample period. However this result is not immediately obvious from the data. (5) Tough regulation in a country does not necessarily imply longer regulatory delays. (6) There is some evidence of increasing simultaneity in application policy, with the relative compression indicators (HMOAL and percentage pre-marketing) providing the most convincing results. (7) The total time taken for drugs to become available in recipient nations has remained approximately the same over the sample period. However the mean values of transmission time disguise some quite strong time trends. There are indications that compensatory action by companies is beginning to be successful for the more recent drugs. (8) Compensatory action probably includes the adoption and/or greater emphasis on a multinational form of company organisation, compression of overseas applications, and a redirection of interest towards the less stringent/less rich nations. (9) Overseas application lags are on average, approximately equal in size to regulation lags.

Suggested Citation

  • J. E. S. Parker, 1984. "Conclusions and Comment," Palgrave Macmillan Books, in: The International Diffusion of Pharmaceuticals, chapter 8, pages 215-217, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06599-8_8
    DOI: 10.1007/978-1-349-06599-8_8
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