Innovation

It is important to foster an environment that sustains and enhances innovation to ensure the continued discovery and development of new medicines that improve patients’ health and their quality of life.

New and innovative medicines bring demonstrable value to patients, our health care system, and society by:

  • Better targeting diseases, developing personalized therapies, and improving treatment protocols that help to reduce patients’ side-effects and adverse events; and
  • Keeping patients out of the hospital and avoiding other costly inpatient expenditures, which helps to reduce downstream costs to our entire health care system.

The increasing prevalence of chronic illnesses and conditions, particularly among older Americans, underscores the importance of continued medical innovation aimed at preventing, treating and curing these costly, life threatening diseases. Over the past decade, growing numbers of patients and families have benefited enormously from innovative new medicines that address an ever wider range of acute and chronic diseases. Therefore, support for innovation and discovery is critical to confronting the projected escalation of complex conditions like Alzheimer’s Disease, cancer, and diabetes.

To encourage these discoveries, it is important to understand the kind of climate and incentives for innovation and how these incentives may be affected by a variety of public policies.

This focus on innovation cuts across all streams of National Pharmaceutical Council-sponsored research. Current research projects, for example, are focused on the impact of comparative effectiveness research on innovation, the impact of specialty medications on health outcomes, and the role of biopharmaceuticals in evolving payment and delivery systems.

Spending Wisely on Health

Are we spending our health care dollars on the treatments that are most effective for patients? How can lower health care costs, yet improve on the effectiveness and quality of the care provided? The National Pharmaceutical Council's research considers these health challenges.

Paying Differently for Health

As we move toward a payment system based on the value of services provided, we need to ensure that we balance access and innovation.