The Japanese Pharmaceutical Industry, L. G. Thomas, III.

The Japanese Pharmaceutical Industry, L. G. Thomas, III. Review of Industrial Organization 22: 85–87, 2003. Book Review The Japanese Pharmaceutical Industry, L. G. Thomas, III. Cheltenham, U.K.: Edward Elgar Publishing, 2001, 232 pages, $80. The story Thomas tells is rather alarming. Early in the 1970s, the United States ex- perienced a well-documented lag in the introduction of new drugs. It took the FDA many years to eliminate that lag. During the past decade such a lag has emerged again – this time in Japan. In this slim volume, Thomas analyzes the nature, causes, and consequences of the new drug lag in Japan, drawing attention to the powerful role of Japanese domestic politics in shaping pharmaceutical practices in that na- tion. According to Thomas, more than 80 percent of the significant pharmaceutical innovations in recent years are unavailable in Japan, denying patients the benefits of important new treatments. Thomas focuses attention on innovations that have been approved for use in six or more nations – drugs he terms “global”. He reports that a mere 13 percent of the products that have gained global acceptance since 1995 were available in Japan in 2000. Looking back to 1990, only 33 percent of the products that had gained global acceptance were http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

The Japanese Pharmaceutical Industry, L. G. Thomas, III.

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 2003 by Kluwer Academic Publishers
Subject
Economics; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1023/A:1022106432261
Publisher site
See Article on Publisher Site

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