Nov 7, 2023 1:00PM
Seminar Title: Pharmaceutical Pricing, and R&D as a Global Public Good
Bio: William S. Comanor is Distinguished Research Professor in the Department of Health Policy and Management at the UCLA Fielding School of Public Health. He is also Professor of Economics, Emeritus at the University of California, Santa Barbara At UCLA, he serves as Director of the UCLA Research Program in Pharmaceutical Economics and Policy, and founded a long-standing research seminar on pharmaceutical economics. He continues to study, lecture, publish and consult on many issues dealing with pharmaceutical economics. Dr. Comanor received his Ph.D. in economics from Harvard University and was a post-doctoral fellow at the London School of Economics. Prior to joining the faculty of the University of California, he was on the faculties of both Harvard and Stanford Universities. He has authored and edited 6 books and more than 100 professional articles in economics. Dr. Comanor was designated a Distinguished Fellow of the Industrial Organization Society in 2003.
Abstract: In his Labor Day address, President Biden stated that the U.S. “has the highest drug prices in the world, and there is no reason for it.” For new branded drugs, the first part of that statement is supported by a recent RAND Report (2021) which found U.S. average prices are 2.3 times those present in both the 32 OECD countries overall and in the UK separately. In this research, we consider the second part of that statement, and identify the economic factors that suggest a “reason for it."
In-Person: COW 1.11 - Lunch at 12:30 Seminar at 1:00PM
Online: Zoom Link Here