Theallocation of public funds should take account of both research productivity and the public health need to relieve the social and economic burden of disease.

Governor Romney's defenders have argued that critics of his role at Bain Capital are really attacking capitalism itself. Given the academic evidence, we would have to agree.

Given the extremely high research and development costs and the lack of a guaranteed return on that investment, questions have arisen in recent years about the value of pharmaceutical innovation.

During the late 1990s, productivity soared and ignited a "new economy" debate over whether the phenomenon was temporary or permanent. More recently, productivity growth has been unusually strong in the face of an abruptly slowing economy, surprising many skeptics who viewed the boom times of...

Irresponsible politicians are pushing America toward terrible policy choices, like importing drug-price controls from Canada and limiting patent authority.

The United States has the best cancer-survival rates in the world. Why would we import policies that would undo our progress?

Could regulations restricting the use of certain drugs curb U.S. cancer survival rates?

If Americans paid less for medications, the system that has helped the entire world live longer and healthier would come crashing down.