Economics - Innovation - Inclusive Growth - Public Purpose
Workshop with the Open Society Foundations: Rethinking the Economics of Pharmaceutical Innovation

Workshop with the Open Society Foundations: Rethinking the Economics of Pharmaceutical Innovation

Professor Mazzucato organized this workshop jointly with the OSF, bringing together leading academics to explore the problems with the current profit–not health–driven pharmaceutical model and to ask what a new model could look like. It explored questions such as: How we can define and measure pharmaceutical innovation to capture health impact (including access issues) and incentivize public-interest and needs-based innovation? And what are the key economic arguments, incentives for innovation, and research questions needed to articulate and help justify an alternative scenario of pharmaceutical innovation that maximizes societal benefit (in particular, health impact)?