메뉴 건너뛰기




Volumn 6, Issue 2-3, 2004, Pages 186-201

Commercialisation of bio-pharmaceutical therapies and risk management: The impact on the sustainability of markets for recombinant drugs

Author keywords

Absorptive capacity; Network externalities; Principal agent theory; Regulatory systems; Risk management; Venture capital markets

Indexed keywords

DRUG PRODUCTS; EDUCATION; ENGINEERING RESEARCH; INTELLECTUAL PROPERTY; LAWS AND LEGISLATION; PRIVATIZATION; REGULATORY COMPLIANCE;

EID: 3242815531     PISSN: 09636048     EISSN: None     Source Type: Journal    
DOI: 10.1504/IJBT.2004.004809     Document Type: Review
Times cited : (7)

References (44)
  • 1
    • 0012123666 scopus 로고    scopus 로고
    • European biotechnology: Learning and catching-up
    • Gambardella, A. and Malerba, F. (Eds.), Cambridge, Cambridge University Press
    • Sharp, M. and Senker, J. (1999) 'European biotechnology: learning and catching-up', in Gambardella, A. and Malerba, F. (Eds.): The Organization of Economic Innovation in Europe, Cambridge, Cambridge University Press, pp.269-302.
    • (1999) The Organization of Economic Innovation in Europe , pp. 269-302
    • Sharp, M.1    Senker, J.2
  • 2
    • 0035712374 scopus 로고    scopus 로고
    • An analysis of R&D, innovation and business performance in the US biotechnology industry
    • Hall, L. and Baghi-Sen, S. (2001) 'An analysis of R&D, innovation and business performance in the US biotechnology industry', International Journal of Biotechnology, Vol. 3, pp.267-286.
    • (2001) International Journal of Biotechnology , vol.3 , pp. 267-286
    • Hall, L.1    Baghi-Sen, S.2
  • 3
    • 0034952432 scopus 로고    scopus 로고
    • Success factors for biotechnology: Lessons from Japan, Germany and Great Britain
    • Reiss, T. (2001) 'Success factors for biotechnology: lessons from Japan, Germany and Great Britain', International Journal of Biotechnology, Vol. 3, pp.134-156.
    • (2001) International Journal of Biotechnology , vol.3 , pp. 134-156
    • Reiss, T.1
  • 4
    • 3242751200 scopus 로고    scopus 로고
    • The political dimension of the emergence of biotechnology in Germany and Britain
    • Benzler, G. and Wink, R. (Eds.), Palgrave, Houndsmill
    • Harding, R. (2003) 'The political dimension of the emergence of biotechnology in Germany and Britain', in Benzler, G. and Wink, R. (Eds.): Academia Business Links. Policy Outcomes and Lessons Learnt, Palgrave, Houndsmill.
    • (2003) Academia Business Links. Policy Outcomes and Lessons Learnt
    • Harding, R.1
  • 5
    • 0036695459 scopus 로고    scopus 로고
    • Economic issues for the UK biotechnology sector
    • Van Reenen, J. (2002) 'Economic issues for the UK biotechnology sector', New Genetics and Society, Vol. 21, pp.109-130.
    • (2002) New Genetics and Society , vol.21 , pp. 109-130
    • Van Reenen, J.1
  • 6
    • 0030525157 scopus 로고    scopus 로고
    • Inter-organizational collaboration in the biotechnology industry
    • Powell, W.W. (1996) 'Inter-organizational collaboration in the biotechnology industry', Journal of Institutional and Theoretical Economics, Vol. 152, pp.197-215.
    • (1996) Journal of Institutional and Theoretical Economics , vol.152 , pp. 197-215
    • Powell, W.W.1
  • 7
    • 0001292109 scopus 로고    scopus 로고
    • An analysis of the critical role of public science in innovation: The case of biotechnology
    • McMillan, O.S., Narin, F. and Deeds, D.L. (2000) 'An analysis of the critical role of public science in innovation: the case of biotechnology', Research Policy, Vol. 29, pp.1-8.
    • (2000) Research Policy , vol.29 , pp. 1-8
    • McMillan, O.S.1    Narin, F.2    Deeds, D.L.3
  • 8
    • 0000084779 scopus 로고    scopus 로고
    • The pharmaceutical industry and the revolution in molecular biology: Interactions among scientific, institutional and organisational change
    • Mowery, D. and Nelson, R. (Hrsg.), Cambridge, Cambridge University Press
    • Henderson, R., Orsenigo, L. and Pisano, G. (1999) 'The pharmaceutical industry and the revolution in molecular biology: interactions among scientific, institutional and organisational change', in Mowery, D. and Nelson, R. (Hrsg.): Sources of Industrial Leadership, Cambridge, Cambridge University Press, pp.43-64.
    • (1999) Sources of Industrial Leadership , pp. 43-64
    • Henderson, R.1    Orsenigo, L.2    Pisano, G.3
  • 9
    • 0037210959 scopus 로고    scopus 로고
    • Biotechnology clusters, 'Big Pharma' and the knowledge-driven economy
    • Cooke, P. (2003) 'Biotechnology clusters, 'Big Pharma' and the knowledge-driven economy', International Journal of Technology Management, Vol. 25.
    • (2003) International Journal of Technology Management , vol.25
    • Cooke, P.1
  • 10
    • 0000326545 scopus 로고
    • The analytics of uncertainty and risk - An expository survey
    • Hirshleifer, J. and Riley, J.G. (1979) 'The analytics of uncertainty and risk - an expository survey', Journal of Economic Literature, Vol. 17, pp.1375-1421.
    • (1979) Journal of Economic Literature , vol.17 , pp. 1375-1421
    • Hirshleifer, J.1    Riley, J.G.2
  • 11
    • 3242762044 scopus 로고    scopus 로고
    • Catastrophe futures: Financial markets for unknown risk
    • Chichilnisky, G. (Ed.), Cambridge University Press, Cambridge
    • Chichilnisky, G. and Heal, G. (1999) 'Catastrophe futures: financial markets for unknown risk', in Chichilnisky, G. (Ed.): Markets, information, and uncertainty, Cambridge University Press, Cambridge, pp.120-140.
    • (1999) Markets, Information, and Uncertainty , pp. 120-140
    • Chichilnisky, G.1    Heal, G.2
  • 12
    • 0001244650 scopus 로고    scopus 로고
    • The determinants of venture capital funding. Evidence across countries
    • Jeng, L.A. and Wells, P.C. (2000) 'The determinants of venture capital funding. Evidence across countries', Journal of Corporate Finance, Vol. 6, pp.241-289.
    • (2000) Journal of Corporate Finance , vol.6 , pp. 241-289
    • Jeng, L.A.1    Wells, P.C.2
  • 13
    • 0007193104 scopus 로고    scopus 로고
    • Myth or reality? The long-run underperformance of initial public offerings. Evidence from venture and non-venture-capital-backed companies
    • Brav, A. and Gompers, P.A. (1997) 'Myth or reality? The long-run underperformance of initial public offerings. Evidence from venture and non-venture-capital-backed companies', Journal of Finance, Vol. 52, pp.1791-1821.
    • (1997) Journal of Finance , vol.52 , pp. 1791-1821
    • Brav, A.1    Gompers, P.A.2
  • 14
    • 0037374498 scopus 로고    scopus 로고
    • The price of innovation: New estimations of drug development costs
    • DiMasi, J.A., Hansen, R.W. and Grabowski, H.G. (2003) 'The price of innovation: new estimations of drug development costs', Journal of Health Economics, Vol. 22, pp.151-185.
    • (2003) Journal of Health Economics , vol.22 , pp. 151-185
    • DiMasi, J.A.1    Hansen, R.W.2    Grabowski, H.G.3
  • 15
    • 3042620963 scopus 로고    scopus 로고
    • Zaventem, EVCA
    • EVCA - European Venture Capital Association (2002) Yearbook, Zaventem, EVCA.
    • (2002) Yearbook
  • 16
    • 85005305538 scopus 로고
    • The market for 'Lemons': Qualitative uncertainty and the market mechanism
    • Akerlof, G. (1970) 'The market for 'Lemons': qualitative uncertainty and the market mechanism', Quarterly Journal of Economics, Vol. 84, pp.488-500.
    • (1970) Quarterly Journal of Economics , vol.84 , pp. 488-500
    • Akerlof, G.1
  • 17
    • 0000638668 scopus 로고
    • An analysis of the principal-agent problem
    • Grossmann, S. and Hart, O. (1983) 'An analysis of the principal-agent problem', Econometrica, Vol. 51, pp.7-45.
    • (1983) Econometrica , vol.51 , pp. 7-45
    • Grossmann, S.1    Hart, O.2
  • 18
    • 0030525137 scopus 로고    scopus 로고
    • The use of covenants: An empirical analysis of venture capital partnership agreements
    • Gompers, P.A. and Lerner, J. (1996) 'The use of covenants: an empirical analysis of venture capital partnership agreements', Journal of Law and Economics, Vol. 39, pp.443-498.
    • (1996) Journal of Law and Economics , vol.39 , pp. 443-498
    • Gompers, P.A.1    Lerner, J.2
  • 19
    • 0000887602 scopus 로고
    • The structure and governance of venture-capital organizations
    • Sahlman, W.A. (1990) 'The structure and governance of venture-capital organizations', Journal of Financial Economics, Vol. 27, pp.473-521.
    • (1990) Journal of Financial Economics , vol.27 , pp. 473-521
    • Sahlman, W.A.1
  • 20
    • 0001752681 scopus 로고    scopus 로고
    • Incomplete contracts: Where do we stand?
    • Tirole, J. (1999) 'Incomplete contracts: Where do we stand?', Econometrica, Vol. 67, pp.741-781.
    • (1999) Econometrica , vol.67 , pp. 741-781
    • Tirole, J.1
  • 21
    • 0001139863 scopus 로고
    • Signalling games and stable equilbria
    • Cho, I-K. and Kreps, D. (1987) 'Signalling games and stable equilbria', Quarterly Journal of Economics, Vol. 102, pp.179-221.
    • (1987) Quarterly Journal of Economics , vol.102 , pp. 179-221
    • Cho, I.-K.1    Kreps, D.2
  • 22
    • 0038533775 scopus 로고    scopus 로고
    • Jena; Max-Planck-Institut zur Erforschung der Wirtschaftssysteme
    • Rizzello, S. (2000) Cognition and Evolution in Economics, Jena; Max-Planck-Institut zur Erforschung der Wirtschaftssysteme.
    • (2000) Cognition and Evolution in Economics
    • Rizzello, S.1
  • 23
    • 0037805643 scopus 로고    scopus 로고
    • Transregional effects of knowledge management. Implications for policy and evaluation design
    • Wink, R. (2003) 'Transregional effects of knowledge management. Implications for policy and evaluation design', International Journal of Technology Management, Vol. 26, pp.421-438.
    • (2003) International Journal of Technology Management , vol.26 , pp. 421-438
    • Wink, R.1
  • 26
    • 84936166194 scopus 로고
    • Absorptive capacity, a new perspective on learning and innovation
    • Cohen, W.M. and Levinthal, D.A. (1990) 'Absorptive capacity, a new perspective on learning and innovation', Administrative Science Quarterly, Vol. 35, pp.128-152.
    • (1990) Administrative Science Quarterly , vol.35 , pp. 128-152
    • Cohen, W.M.1    Levinthal, D.A.2
  • 27
    • 0002671639 scopus 로고
    • Organizational learning and communities-of-practice: Toward a unified view of working, learning, and innovation
    • Brown, J.S. and Duguid, P. (1991) Organizational learning and communities-of-practice: toward a unified view of working, learning, and innovation', Organization Science, Vol. 2, pp.40-57.
    • (1991) Organization Science , vol.2 , pp. 40-57
    • Brown, J.S.1    Duguid, P.2
  • 29
    • 0032251710 scopus 로고    scopus 로고
    • Geographically localised knowledge: Spillovers or markets?
    • Zucker, L., Darby, M. and Armstrong, J. (1998) 'Geographically localised knowledge: spillovers or markets?', Economic Inquiry, Vol. 36, pp.65-86.
    • (1998) Economic Inquiry , vol.36 , pp. 65-86
    • Zucker, L.1    Darby, M.2    Armstrong, J.3
  • 30
    • 0035712305 scopus 로고    scopus 로고
    • Technology flows across firms and nations: An assessment of the biotechnology industry
    • Osegowitsch, T. and Madhok, A. (2001) 'Technology flows across firms and nations: an assessment of the biotechnology industry', International Journal of Biotechnology, Vol. 3, pp.217-243.
    • (2001) International Journal of Biotechnology , vol.3 , pp. 217-243
    • Osegowitsch, T.1    Madhok, A.2
  • 31
    • 0031230342 scopus 로고    scopus 로고
    • Needed: A new system of intellectual property rights
    • Thurow, L.C. (1997) 'Needed: a new system of intellectual property rights', Harvard Business Review, pp.95-103.
    • (1997) Harvard Business Review , pp. 95-103
    • Thurow, L.C.1
  • 33
    • 0000274841 scopus 로고
    • Ex post liability for harm vs. ex ante safety regulation: Substitutes or complements
    • Rose-Ackermann, S., Kolstad, C.D., Ulen, T.S. and Johnson, O.S. (1990) 'Ex post liability for harm vs. ex ante safety regulation: substitutes or complements', American Economic Review, Vol. 80, pp.888-901.
    • (1990) American Economic Review , vol.80 , pp. 888-901
    • Rose-Ackermann, S.1    Kolstad, C.D.2    Ulen, T.S.3    Johnson, O.S.4
  • 34
    • 0036307991 scopus 로고    scopus 로고
    • A European innovation system in pharmaceuticals?
    • Howells, J. (2002) 'A European innovation system in pharmaceuticals?', International Journal of Biotechnology, Vol. 4, pp.96-114.
    • (2002) International Journal of Biotechnology , vol.4 , pp. 96-114
    • Howells, J.1
  • 35
    • 0041977038 scopus 로고    scopus 로고
    • The entrepreneurial environment for biotech start-ups in Germany and Japan
    • Müller, C. and Fujiwara, T. (2003) 'The entrepreneurial environment for biotech start-ups in Germany and Japan', International Journal of Biotechnology, Vol. 5, pp.76-94.
    • (2003) International Journal of Biotechnology , vol.5 , pp. 76-94
    • Müller, C.1    Fujiwara, T.2
  • 36
    • 0034968130 scopus 로고    scopus 로고
    • The competitiveness of biotechnology in Japan
    • Kong, S-K. (2001) 'The competitiveness of biotechnology in Japan', International Journal of Biotechnology, Vol. 3, pp.184-198.
    • (2001) International Journal of Biotechnology , vol.3 , pp. 184-198
    • Kong, S.-K.1
  • 37
    • 0033684858 scopus 로고    scopus 로고
    • Biotechnology in the USA: Responsive regulation in the life science industry
    • Malinowski, M.J. (2000) 'Biotechnology in the USA: responsive regulation in the life science industry', International Journal of Biotechnology, Vol. 2, pp.16-26.
    • (2000) International Journal of Biotechnology , vol.2 , pp. 16-26
    • Malinowski, M.J.1
  • 38
    • 0035343976 scopus 로고    scopus 로고
    • Syndication networks and the spatial distribution of venture capital investments
    • Sorenson, O. and Stuart, T.E. (2001) 'Syndication networks and the spatial distribution of venture capital investments', American Journal of Sociology, Vol. 106, pp.1546-1588.
    • (2001) American Journal of Sociology , vol.106 , pp. 1546-1588
    • Sorenson, O.1    Stuart, T.E.2
  • 40
    • 0041941103 scopus 로고    scopus 로고
    • New knowledge: Production v. diffusion; the case of UK biotechnology
    • Prevezer, M. and Shohet, S. (2002) 'New knowledge: production v. diffusion; the case of UK biotechnology', International Journal of Biotechnology, Vol. 4, pp.337-360.
    • (2002) International Journal of Biotechnology , vol.4 , pp. 337-360
    • Prevezer, M.1    Shohet, S.2
  • 41
    • 31244432862 scopus 로고    scopus 로고
    • Do UK venture capitalists still have a bias against investment in new technology firms?
    • Lockert, A., Murray, G. and Wright, M. (2002) 'Do UK venture capitalists still have a bias against investment in new technology firms?', Research Policy, Vol. 31, pp.1009-1030.
    • (2002) Research Policy , vol.31 , pp. 1009-1030
    • Lockert, A.1    Murray, G.2    Wright, M.3
  • 43
    • 33646262853 scopus 로고    scopus 로고
    • The role of intellectual property rights regimes for R&D-cooperation between industry and academia
    • Benzler, G. and Wink, R. (Eds.), Houndmills, Palgrave
    • Blum, U. and Müller, S. (2003) 'The role of intellectual property rights regimes for R&D-cooperation between industry and academia', in Benzler, G. and Wink, R. (Eds.): Academia-business linkages. Policy outcomes and lessons learnt, Houndmills, Palgrave.
    • (2003) Academia-business Linkages. Policy Outcomes and Lessons Learnt
    • Blum, U.1    Müller, S.2
  • 44
    • 82955190773 scopus 로고    scopus 로고
    • Regulatory laws and political culture in the United States and Germany
    • Abraham, J. and Lawton Smith, H. (Eds.), Houndmills, Palgrave
    • Daem, A. (2003) 'Regulatory laws and political culture in the United States and Germany', in Abraham, J. and Lawton Smith, H. (Eds.): Regulation in the Pharmaceutical Industry, Houndmills, Palgrave.
    • (2003) Regulation in the Pharmaceutical Industry
    • Daem, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.