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Britain and Germany are pioneering comparative reviews of drugs' effectiveness and cost-benefit analyses aimed at reimbursing firms for new drugs based on how well they perform.
ECONOMIST: Developing new drugs
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But later on it will benefit from the technical advances of countries with a comparative advantage in faster-growing industries, which will give it better computers, more advanced drugs and so forth than if every country had tried to make everything for itself.
ECONOMIST: A short tour of economic theory
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Analyst Adrienne Tennant wrote in a note Friday that the company is expected to begin a series of structural shifts that will benefit its long-term business, and hopefully help to contribute to comparative sales gains this year.
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