Pharmaceutical Industry in Russia: the Price Movements of Original Drugs in the Presence of Generics

Student: Chagovets Alina

Supervisor: Sylvain Carré

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Final Grade: 8

Year of Graduation: 2020

This research is based on the paper by Grabowski and Vernon (1992) and analyses the effect of ‘generic paradox’ on the Russian pharmaceutical market. The main aim of this paper is to show the effect of the generic entry on the pioneer drugs prices that lost their patent protection during the period from 2012 to 2019. The data from DSM Group on the volume of sales in rubles and units was used to estimate the average prices for drugs that were further analyzed in relation to number of generics and market share of generic drugs. The results of the analysis suggest that ‘generic paradox’ is not present on the market; the hospital market is more sensitive to the entry of generics.

Full text (added June 11, 2020)

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