Licensing Life-Saving Drugs for Developing Countries: Evidence from the Medicines Patent Pool

• 成果类型: Article
• 署名作者: Galasso, Alberto; Schankerman, Mark
• 署名单位: University of Toronto; National Bureau of Economic Research; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_01253
• 发表日期: 2024-11
• 页码: 1529-1541
• 关键词: innovation

摘要

We study the effects of the Medicines Patent Pool (MPP)-an institution that pools patents across geographical markets-on the licensing and adoption of life-saving drugs in low- and middle-income countries. We show the presence of an immediate and large increase in licensing when a patent is included in the MPP. We also show evidence that the pool increases actual entry and volume of sales, but these impacts are much smaller than on licensing, which is due to the geographic bundling of licenses. The paper highlights the potential of pools in promoting diffusion of biomedical innovation in developing countries.