Can medical products be developed on a non-profit basis? Exploring product development partnerships for neglected diseases

V. F. Muñoz, F Visentin, D. Foray, P. Gaulé

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

Reliance on market forces can lead to underinvestment in social welfare enhancing innovation. The lack of new medical products in the area of neglected diseases is a case in point. R&D for neglected diseases has increased with new funding and collaborations taking place mainly through product development partnerships (PDPs). PDPs are self-governing, private non-profit R&D organizations. In contrast to push and pull instruments designed to address private-sector R&D underinvestment, PDPs have emerged voluntarily to address this public health challenge. In this study we examine how non-profit R&D collaboration for neglected diseases takes place through PDPs. We find that PDPs act as 'system integrators' that leverage the resources and capabilities of a network of public, philanthropic and private-sector partners. This paper contributes to an understanding of R&D in a non-profit context and highlights the importance of collaboration and nonmarket institutions for promoting innovation where market failures occur.

Original languageEnglish
Pages (from-to)315-338
Number of pages24
JournalScience and Public Policy
Volume42
Issue number3
DOIs
Publication statusPublished - 1 Jun 2015

Keywords

  • Innovation
  • Neglected diseases
  • Non-profit
  • R&D collaboration

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Public Administration
  • Management, Monitoring, Policy and Law

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