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 Review of Industrial Organization Springer Journals

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

Loading next page...
Kluwer Academic Publishers
Copyright © 2003 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
Publisher site
See Article on Publisher Site

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.

DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches


Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.



billed annually
Start Free Trial

14-day Free Trial