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Competition in the pharmaceutical market after patent expiry
 Polívka, Martin ; Koubek, Ivo (advisor) ; Čermáková, Klára (referee)
The bachelor thesis examines the impact of generic drug intake on the pharmaceutical market after the expiry of the original patent patent. First, it focuses on the immediate response of the original drug producer after generic entry and then attempts to estimate how the number of generic substitutes on the market, affects the cost of this drug. Based on the estimated econometric model, a higher number of generic drugs leads to a lower cost of the original drug. However, the main finding is that the generic competition paradox, the paradox where the original drug increases the price after the generic entry, may not be valid in more regulated markets like the Czech one, and therefore broader adoption of generic drugs not only leads to price reductions of these new drugs but leads to lower prices for original medicines as well.
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