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Patent policy and entry: Evidence fr...
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Mulcahy, Andrew.
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Patent policy and entry: Evidence from pharmaceutical patent challenges.
Record Type:
Language materials, printed : Monograph/item
Title/Author:
Patent policy and entry: Evidence from pharmaceutical patent challenges./
Author:
Mulcahy, Andrew.
Description:
150 p.
Notes:
Source: Dissertation Abstracts International, Volume: 72-09, Section: A, page: .
Contained By:
Dissertation Abstracts International72-09A.
Subject:
Economics, General. -
Online resource:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3463027
ISBN:
9781124731377
Patent policy and entry: Evidence from pharmaceutical patent challenges.
Mulcahy, Andrew.
Patent policy and entry: Evidence from pharmaceutical patent challenges.
- 150 p.
Source: Dissertation Abstracts International, Volume: 72-09, Section: A, page: .
Thesis (Ph.D.)--University of Pennsylvania, 2011.
The onset of generic competition in pharmaceutical markets is increasingly determined by patent challenge rather than patent expiration. I exploit features of the pharmaceutical industry's "Paragraph IV" patent challenge process and comprehensive 2004-2009 data to study why and which generic entrants challenge innovator patents and estimate the impact of such challenges on industry and consumers. I model generic firms' entry decisions as a function of patent portfolio characteristics, market size, and other factors affecting entrants' expected costs and payoffs. Patent challenges are more likely in markets with greater on-patent innovator sales and more related presentations. While this may be partly attributed to a 180-day generic exclusivity "prize" granted to the first challenger, other early mover advantages seem to exist. Larger originator patent portfolios and portfolios with higher average citation rates raise entry costs and decrease the probability and intensity of challenge. The effect of patents on challenge varies by patent type. In particular, certain relatively weak patent types are more likely to be used strategically by innovators to deter or delay challenge. Limitations introduced in the 2003 Medicare Modernization Act to limit the strategic use of patents did decrease challenge costs. Overall, patent challenges subject significant innovator sales and on-patent years to generic competition. Under various assumptions, early generic entry due to patent challenges generated between
ISBN: 9781124731377Subjects--Topical Terms:
1017424
Economics, General.
Patent policy and entry: Evidence from pharmaceutical patent challenges.
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The onset of generic competition in pharmaceutical markets is increasingly determined by patent challenge rather than patent expiration. I exploit features of the pharmaceutical industry's "Paragraph IV" patent challenge process and comprehensive 2004-2009 data to study why and which generic entrants challenge innovator patents and estimate the impact of such challenges on industry and consumers. I model generic firms' entry decisions as a function of patent portfolio characteristics, market size, and other factors affecting entrants' expected costs and payoffs. Patent challenges are more likely in markets with greater on-patent innovator sales and more related presentations. While this may be partly attributed to a 180-day generic exclusivity "prize" granted to the first challenger, other early mover advantages seem to exist. Larger originator patent portfolios and portfolios with higher average citation rates raise entry costs and decrease the probability and intensity of challenge. The effect of patents on challenge varies by patent type. In particular, certain relatively weak patent types are more likely to be used strategically by innovators to deter or delay challenge. Limitations introduced in the 2003 Medicare Modernization Act to limit the strategic use of patents did decrease challenge costs. Overall, patent challenges subject significant innovator sales and on-patent years to generic competition. Under various assumptions, early generic entry due to patent challenges generated between
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http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3463027
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