% Trials can fail due to issues in one of four categories
% - Scientific: The compound-indication combo is not sufficiently safe or efficatious
% - Strategic: The result from the trial won't meet the company's strategic needs. Profitability for the most part or entry into a drug category they don't want to invest in.
% - Operational: They can't bring resources to bear to achieve goal, e.g. site planning, PI's, delivering enough financial support, etc.
% - Tactical: The plans to discover if the approach is scientifically valid are insufficient. Study design, enrollment strategies, etc.
% The literature examines many different aspects of these.
% strategic influences: elasticicity of innovation, demand pull, patents, etc
% Strategic vs scientific khmelniskaya, hwang.
% operational: Adam George Interview
% tactical: enrollment prediction.
% - Discuss how most studies are about clinical trials as part of the drug development pipeline.
@ -53,37 +42,6 @@
% -
% -
This paper sits within an intersection of health and industrial organization economics
that is frequently studied.
Encouraging a strong supply of novel and generic pharmaceuticals contributes
in important ways to both public health and fiscal policy.
Not only to the pathway to drug approval long, as many as 90\% of compounds
that begin human trials fail to gain approval
(\cite{khmelnitskaya_competition_2021}).
Complicating this is the complex regulatory and competitive environment in
which pharmaceutical companies operate.
%%%%%%%%% Why are drugs so expensive?
% van der Grond, Uyle-de Groot, Pieters 2017
% - What causes high costs of drugs?
% - High level synthesis of discussion regarding causes
% - Academic and non-academic sources
% Not particularly applicable
%%%%%%%%%%%%%%%% What do we know about clinical trials?
% Hwang, Carpenter, Lauffenburger, et al (2016)
% - Why do investigational new drugs fail during late stage trials?