... was high and hence a weakness, the branded drugs would lose competitiveness and get experience a dramatic and rapid decrease in market share (Grabowski and Vernon, 1992). Further, since the past decade, the pharmaceutical industry is entering in the middle of a “patent cliff” (Kakkar, 2015 ; Marketline...

... industrial clusters to realize industrial catch-up through sectoral innovation system. © Emerald Group Publishing Limited 2014 Industrial cluster Cluster structure Pharmaceutical industry Local policy China According to the role of institutions in the formation of clusters, the model...