Changing Life Sciences Value Chain

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Defining Value: From Incremental to Exponential

By Dr. Alan S. Louie

A recent article highlighting a survey from the Economist Intelligence Unit laments the anticipated difficulty that the industry is encountering in meeting the increasing need to demonstrate "value" to healthcare payers. It is clearly true that the industry historically didn't need to justify its new drug pricing when budgets were flush, but those times are likely gone forever.

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