Bad medicine? An effects-based approach to ‘pay-for-delay’ agreements

In July 2013, the European Commission, for the first time, fined pharmaceutical companies for settling a patent dispute via what it terms as ‘pay-for-delay’ agreements. Under these deals, generics producers agree to delay launching their (less-expensive) drug in exchange for a payment from the branded company. The Commission has treated the agreements as illegal per se—but do deals of this type necessarily harm consumers?

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The economist as outsider

Can economists look at the world from the perspective of an outsider: detached, disengaged, objective? Diane Coyle, Enlightenment Economics, discusses why the answer is ‘no’. Unlike Camus’  Outsider , economists are right at the heart of the societies they study. Change is needed, in terms of economists’ methodologies and approaches to policy applications

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What are the merits of appeals on the merits?

Consulting on the future of regulatory and competition appeals, the UK government is proposing substantial reforms, including a move away from appeals on the merits towards a judicial review standard. Oxera’s response to the consultation, summarised here, sets out why such a move may be unappealing

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