R&D portfolios and pharmaceutical licensing
R&D portfolios and pharmaceutical licensing
复制标题
DOI:
10.1016/j.respol.2014.03.008
复制
发表时间:
2014-09
期刊:
影响因子:
7.2
通讯作者:
J. Nishimura;Yosuke Okada
中科院分区:
文献类型:
--
作者:
J. Nishimura;Yosuke Okada
We examine how R&D portfolios of drug pipelines affect pharmaceutical licensing, controlling firm size, diversity, and competition. The data collected comprises 434 license-ins and 329 license-outs closed by 54 Japanese pharmaceutical companies between 1997 and 2007. We pay special attention to stage-specific licensing by dividing the innovation process into early and late stages. Joint estimates of license-in and license-out using seemingly unrelated regressions (SUR) reveal that drug pipelines significantly affect stage-specific licensing, inducing portfolio effect that lead to smoothing drug pipelines across early and late stages.