The Law and Economics of Drug Development – November 7, 2008
Symposium Overview
New drugs promise to prolong and improve the quality of human lives. But, as the cost of new drug development increases, policy makers face difficult tradeoffs. This symposium addressed some of the most pressing policy questions facing FDA, Congress, and the courts, including:
- How have recent regulatory initiatives affected the introduction of new drugs?
- What role remains for state tort liability alongside the federal regime for regulating the safety of drugs?
- How can the current system of incentives be improved?
Symposium Sponsors
Program in Law, Economics, & Technology, University of Michigan Law School
Michigan Telecommunications & Technology Law Review (with generous funding from Microsoft Corporation)
Participants
Robert Armitage
Senior Vice President and General Counsel
Eli Lilly and Company
Omri Ben-Shahar
Professor of Law
University of Chicago Law School
Rebecca Eisenberg
Professor of Law
University of Michigan Law School
Scott Hemphill
Professor of Law
Columbia Law School
Peter Barton Hutt
Senior Counsel
Covington & Burling LLP
Ariel Katz
Professor of Law
University of Toronto Faculty of Law
Frank Lichtenberg
Professor of Business
Columbia University Graduate School of Business
Lars Noah
Professor of Law
University of Florida Levin College of Law
Mary Olson
Professor of Economics
Tulane University
Benjamin Roin
Professor of Patent Law
Harvard Law School
Catherine Sharkey
Professor of Law
New York University School of Law
Scott Stern
Professor of Management & Strategy
Kellogg School of Management, Northwestern University
Qing Zhang
Professor of Law
China University of Political Science and Law
Symposium Panels
- Panel I: Regulatory Initiatives
- (Omri Ben-Shahar, Moderator)
-
- Ariel Katz
- Frank Lichtenberg
- Mary Olson
- Scott Stern
- Qing Zhang
- Panel II: Alternative Perspectives on IP Regimes
- (Peter Barton Hutt, Moderator)
-
- Robert Armitage
- Rebecca Eisenberg
- Scott Hemphill
- Benjamin Roin
- Panel III: Federal Preemption and Torts
- (Rebecca Eisenberg, Moderator)
-
- Lars Noah
- Catherine Sharkey