Commentary

New Study Confirms How Drug Price Controls Kill Investment and Innovation

By Timothy H. Lee
Thursday, December 02 2021

Anyone who considers European healthcare a model to emulate or welcomes government drug price controls just received a jarring corrective in the form of a new study by VitalTransformation. For example, as of 2019 late-stage biopharmaceutical venture capital funding in the European Union (EU) amounted to just 3% of the United States level. That’s not a typo. Three percent. Additionally, biopharma startup investments in the EU – which include both internal domestic and foreign direct investments – totaled less than 10% of the U.S. level…

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