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Have the big pharmaceutical companies stopped innovating? The answer is no. With pressure from both generic drug makers and peer competition, pharmaceutical companies, big and small, have every incentive to innovate. Experiencing a lull in recent years by big pharmaceutical companies, there is now the possibility of a sizable increase in new drug approvals over the coming years. A lately recycled criticism of the pharmaceutical industry is that it is failing in its mission to innovate. In particular, critics question the industry’s incentives to innovate, and they deride those innovations the industry makes as imitative. ...
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Business Case For Adoption: The Federal Perspective
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