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Lemons, or Squeezed for Resources? Information Symmetry and Asymmetric Resources in Biotechnology

Overview of attention for article published in Frontiers in Pharmacology, June 2017
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Title
Lemons, or Squeezed for Resources? Information Symmetry and Asymmetric Resources in Biotechnology
Published in
Frontiers in Pharmacology, June 2017
DOI 10.3389/fphar.2017.00338
Pubmed ID
Authors

Arthur Neuberger, Nektarios Oraiopoulos, Donald L. Drakeman

Abstract

Thousands of biotech companies are developing promising products, but have insufficient resources to complete the clinical testing process, while large, well-funded companies have increasingly focused on the need to access external innovation. As a result, licensing deals are an essential and growing part of this industry. Yet, casting a shadow over the licensing market is the classic Lemons Problem: Does asymmetrical information put licensees at a severe disadvantage, leading to a market dominated by inferior opportunities, with the best products retained for internal development? Our analysis of clinical stage products developed over three decades shows that there is no Lemons Problem. We discuss the results of this first apples-to-apples analysis of the biomedical licensing market, and suggest reasons why the Lemons Problem does not exist where it might be most expected-in a high technology, knowledge-based industry.

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The data shown below were collected from the profile of 1 X user who shared this research output. Click here to find out more about how the information was compiled.
Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 7 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
Unknown 7 100%

Demographic breakdown

Readers by professional status Count As %
Student > Bachelor 1 14%
Student > Master 1 14%
Unknown 5 71%
Readers by discipline Count As %
Nursing and Health Professions 1 14%
Social Sciences 1 14%
Unknown 5 71%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 1. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 04 June 2017.
All research outputs
#20,421,487
of 22,973,051 outputs
Outputs from Frontiers in Pharmacology
#10,157
of 16,251 outputs
Outputs of similar age
#276,272
of 317,425 outputs
Outputs of similar age from Frontiers in Pharmacology
#162
of 252 outputs
Altmetric has tracked 22,973,051 research outputs across all sources so far. This one is in the 1st percentile – i.e., 1% of other outputs scored the same or lower than it.
So far Altmetric has tracked 16,251 research outputs from this source. They receive a mean Attention Score of 5.0. This one is in the 1st percentile – i.e., 1% of its peers scored the same or lower than it.
Older research outputs will score higher simply because they've had more time to accumulate mentions. To account for age we can compare this Altmetric Attention Score to the 317,425 tracked outputs that were published within six weeks on either side of this one in any source. This one is in the 1st percentile – i.e., 1% of its contemporaries scored the same or lower than it.
We're also able to compare this research output to 252 others from the same source and published within six weeks on either side of this one. This one is in the 1st percentile – i.e., 1% of its contemporaries scored the same or lower than it.