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Economic and Technological Drivers of Drug Shortages

Georgetown University McDonough School of Business

Wednesday, March 20, 2013 from 12:30 PM to 2:00 PM (EDT)

Economic and Technological Drivers of Drug Shortages

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The Georgetown Center for Business and Public Policy invites you to

Economic and Technological Drivers of Drug Shortages

part of the Business, Economics and Public Policy Series

Wednesday, March 20th

12:30 - 2:00 PM

Hariri Room 415

Lunch will be served.

Featuring: Marta Wosinka, Center for Drug Evaluation Research, FDA


Over the past few years, an increasing number of critically needed medicines have been in short supply. Using economic theory to frame the drug-shortage problem, Dr. Wosinka explores why and how manufacturing-quality problems could combine with other economic and technological factors to result in shortages of generic sterile injectable drugs. The fundamental problem identified is the inability of the market to observe and reward quality. This lack of reward for quality reinforces price competition, and encourages manufacturers to keep costs down by eschewing quality investments.  The U.S. Food and Drug Administration’s need to use its regulatory flexibility, on behalf of patients, to avoid shortages of medically necessary drugs may further strengthen the incentive to “push the envelope” on quality. These dynamics may have produced a market situation in which quality problems have become sufficiently common and severe to result in drug shortages.

Have questions about Economic and Technological Drivers of Drug Shortages? Contact Georgetown University McDonough School of Business

When & Where


Georgetown University
3700 O Street NW
Hariri Building, Room 415
, 20057

Wednesday, March 20, 2013 from 12:30 PM to 2:00 PM (EDT)


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Georgetown University McDonough School of Business

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