The statements, findings, conclusions, views, and opinions contained and expressed herein are not necessarily those of IQVIA, IMS Health Incorporated or any of its affiliated or subsidiary entities. ![]() We thank IMS Health Incorporated, now IQVIA, for their generous support and access to their data. We are also grateful to Maryann Feldman and two anonymous referees. ![]() ![]() We thank Tamer Abdelgawad, Maria Arbatskya, Lee Branstetter, Dana Goldman, Dietmar Harhoff, David Howard, Darius Lakdawalla, Richard Manning, Sara Markowitz, John Romley, Neeraj Sood and seminar participants at Emory University, University of Michigan, Max Planck Institute for Innovation and Competition and University of Southern California for helpful comments and suggestions.
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