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Economics

University of South Florida

European pharmaceutical industry

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Generic Competition And Price Regulation In The European Union Pharmaceutical Market: The Case Of Cardiovascular Medicines, Berna Colak Apr 2014

Generic Competition And Price Regulation In The European Union Pharmaceutical Market: The Case Of Cardiovascular Medicines, Berna Colak

USF Tampa Graduate Theses and Dissertations

The purpose of this dissertation is to examine the extent of competition between generic products and therapeutic substitutes under different regulatory regimes in the European Union

(EU) pharmaceutical industry. In particular, this study investigates generic competition among the five largest European pharmaceutical markets; the United Kingdom, Germany, France, Italy

and Spain, with comprehensive IMS data for 10 years (1994-2003), in order to estimate the effect of generic entry on drug prices at the product level. This analysis finds that generic entry

has a negative effect on prices in countries with free pricing originator market, whereas in EU countries with strict …