2020
DOI: 10.1093/cid/ciaa153
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Financing Pull Mechanisms for Antibiotic-Related Innovation: Opportunities for Europe

Abstract: Antibiotic innovation is in serious jeopardy as companies continue to abandon the market due to a lack of profitability. Novel antibiotics must be used sparingly to hinder the spread of resistance, but small companies cannot survive on revenues that do not cover operational costs. When these companies either go bankrupt or move onto other therapeutic areas, these antibiotics may be no longer accessible to patients. Although significant research efforts have detailed incentives to stimulate antibiotic innovatio… Show more

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Cited by 17 publications
(8 citation statements)
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“…The definitions of each financial model are provided in Table S6 in Online Resource 1. They conclude that a transferable exclusivity voucher is the only financing mechanism that could finance antibiotic innovation on its own, although it has an extremely high cost and with little guarantee of access, and for the remaining three financing models, it should be considered in combination [ 74 , 75 ].…”
Section: Resultsmentioning
confidence: 99%
“…The definitions of each financial model are provided in Table S6 in Online Resource 1. They conclude that a transferable exclusivity voucher is the only financing mechanism that could finance antibiotic innovation on its own, although it has an extremely high cost and with little guarantee of access, and for the remaining three financing models, it should be considered in combination [ 74 , 75 ].…”
Section: Resultsmentioning
confidence: 99%
“…This will help investors, developers, regulators, health system payers and governments to prioritise their approach to AMR in general and will facilitate development of novel reimbursement mechanisms to incentivise the antibacterial pipeline. A recent European initiative with in-depth interviews with multi-country stakeholders [ 28 , 29 ] emphasised that countries broadly support the concept of pull incentives for antibacterials, but they are uncertain of how to value new antibacterials, and they are unclear about how to prioritise new antibacterials suitable for a ‘subscription’ or ‘pull incentive’ approach. There could also be other therapeutic areas where this approach is justifiable.…”
Section: Discussionmentioning
confidence: 99%
“…Push mechanisms provide direct or indirect upfront savings to reduce the costs of research and development and the barriers to entry, especially for SMEs ( Luepke et al, 2017 ; Renwick et al, 2016 ; Roope et al, 2019 ). Pull mechanisms reward successful products by increasing returns and/or reducing the uncertainty of returns on investment ( Luepke et al, 2017 ; Renwick et al, 2016 ; Roope et al, 2019 ; Årdal et al, 2020 ). Though both push and pull mechanisms are important, for a variety of reasons push incentives have been more widely implemented ( Simpkin et al, 2017 ; Årdal et al, 2020 ).…”
Section: Introductionmentioning
confidence: 99%