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FDA Drug Approvals: Time Is Money!

        

FDA Drug Approvals: Time Is Money!

Logo for FDA Drug Approvals: Time Is Money!
We investigated the stock price behavior of public pharmaceutical and biotechnology companies upon approval of a drug by the Food and Drug Administration (FDA). Using event study methodology, we examine the reaction caused by the approval, seperating it from the asset price movements caused by other factors such as market and industry effects. The results are then used to validate the model developed in this article as an alternative to the explanations given by Sharma and Lacey (2004). The... More
Material Type: Open Journal-Article
Technical Format: PDF
Date Added to MERLOT: March 01, 2011
Date Modified in MERLOT: March 22, 2011
Authors:
Submitter: Howard Kuan

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Primary Audience: College Upper Division, Graduate School, Professional
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: unsure
Source Code Available: unsure
Accessiblity Information Available: unsure
Creative Commons: unsure

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