{ "139949-21886396": { "datetime_modified":"20250926T155855", "datetime_start":"20251003T100000", "datetime_end":"20251003T112000", "has_end_time":1, "date_start":"2025-10-03", "date_end":"2025-10-03", "time_start":"10:00:00", "time_end":"11:20:00", "time_zone":"America\/Detroit", "event_title":"To Sell or For Sale: Strategic Entry in Pharmaceutical Markets (joint with Zoey Chopra and Garth Strohbehn)", "occurrence_title":"", "combined_title":"To Sell or For Sale: Strategic Entry in Pharmaceutical Markets (joint with Zoey Chopra and Garth Strohbehn): Eric Parolin, University of Michigan, Practice Job Talk", "event_subtitle":"Eric Parolin, University of Michigan, Practice Job Talk", "event_type":"Workshop \/ Seminar", "event_type_id":"21", "description":"Increasing consolidation in the pharmaceutical industry has prompted antitrust concerns and calls for enhanced scrutiny and regulation surrounding M&A activity, particularly regarding acquisitions of small and innovative biotechs. Holding firm entry fixed, such policy should encourage competition and limit the ability of incumbent firms to acquire early-stage competitors. In resource-intensive industries such as pharmaceuticals, however, firms make entry decisions conditional upon eventual exit strategies. Limitations to M&A activity may reduce incentives for biotech entry, ultimately resulting in less innovation and welfare losses. Leveraging M&A and drug development data in oncology from 2006 to 2019 we document three facts: 1. Big pharmaceutical firms constitute the majority of controlling interest acquisitions; 2. The probability of acquisition is strongly associated with the entry choice of small biotech drugs but there is no association for big pharmaceutical drugs; and 3. The acquisition price for a drug increases when the acquiring firm has an overlapping development pipeline. These insights inform a structural model in which acquisitions are the result of a first-price sealed bid auction that informs a static firm entry and market choice decision for new drugs. We find that a counterfactual which restricts the ability of big pharma firms to acquire overlapping biotech drugs significantly changes the market choice of biotech drugs, but we do not find a significant change in overall biotech drug entry, suggesting such a policy would have minimal welfare costs.", "occurrence_notes":null, "guid":"139949-21886396@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/139949", "building_id":"1000154", "building_name":"Lorch Hall", "campus_maps_id":"88", "room":"301", "location_name":"Lorch Hall", "has_livestream":0, "cost":"", "tags":["seminar","Industrial Organization","Economics"], "website":"http:\/\/www.lsa.umich.edu\/econ", "sponsors":[ { "group_name":"Department of Economics", "group_id":"3302", "website":"http:\/\/www.lsa.umich.edu\/econ" }, { "group_name":"Applied Microeconomics\/Industrial Organization", "group_id":"3545", "website":"" }, { "group_name":"Department of Economics Seminars", "group_id":"3566", "website":"" } ], "image_url":"https:\/\/events.umich.edu\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "styled_images":{ "event_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_thumb\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_large":"https:\/\/events.umich.edu\/media\/cache\/event_large\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_large_2x":"https:\/\/events.umich.edu\/media\/cache\/event_large_2x\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/event_large_lightbox\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "group_thumb":"https:\/\/events.umich.edu\/media\/cache\/group_thumb\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "group_thumb_square":"https:\/\/events.umich.edu\/media\/cache\/group_thumb_square\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "group_large":"https:\/\/events.umich.edu\/media\/cache\/group_large\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "group_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/group_large_lightbox\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_large_crop":"https:\/\/events.umich.edu\/media\/cache\/event_large_crop\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_list":"https:\/\/events.umich.edu\/media\/cache\/event_list\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_list_2x":"https:\/\/events.umich.edu\/media\/cache\/event_list_2x\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_grid":"https:\/\/events.umich.edu\/media\/cache\/event_grid\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_grid_2x":"https:\/\/events.umich.edu\/media\/cache\/event_grid_2x\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_feature_large":"https:\/\/events.umich.edu\/media\/cache\/event_feature_large\/media\/attachments\/2025\/09\/event_139949_original-1.jpg", "event_feature_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_feature_thumb\/media\/attachments\/2025\/09\/event_139949_original-1.jpg" }, "occurrence_count":1, "first_occurrence":21886396 } , "137443-21880245": { "datetime_modified":"20250911T102149", "datetime_start":"20251003T100000", "datetime_end":"20251003T113000", "has_end_time":1, "date_start":"2025-10-03", "date_end":"2025-10-03", "time_start":"10:00:00", "time_end":"11:30:00", "time_zone":"America\/Detroit", "event_title":"Welcome to Washtenaw County: Beyond the Data", "occurrence_title":"Welcome to Washtenaw County: Beyond the Data", "combined_title":"Welcome to Washtenaw County: Beyond the Data: A Part of Ginsberg Center\u2019s Community Engagement @ Michigan Series", "event_subtitle":"A Part of Ginsberg Center\u2019s Community Engagement @ Michigan Series", "event_type":"Workshop \/ Seminar", "event_type_id":"21", "description":"Do you do research or teaching in partnership with communities? Would you like to find ways to connect your work at U-M with local communities? With a network of over 400 community partners across Washtenaw County and Southeast Michigan, Ginsberg Center works to connect local communities with U-M courses, researchers, internships and other community-engaged initiatives. In this workshop, we\u2019ll take you beyond the data to help you understand local priorities and university-community dynamics in Washtenaw County. You\u2019ll leave with an understanding of key issues facing our local community and answers to your questions about what local communities really want from U-M stakeholders. \r\n\r\nWith special guest, Ginsberg Center Community Leader-in-Residence Jessica A.S. Letaw \r\n\r\nJessica A.S. Letaw (she\/her) is a housing justice organizer whose work bridges policy, organizing, and racial justice. She has been deeply involved in land use and zoning reform efforts, housing affordability initiatives, and neighborhood-based organizing. With a background in architecture and public engagement, Jess combines technical knowledge of the built environment with questions around equity, belonging, and access. She is co-founder of FutureRoot, a woman-led collective working at the intersections of race, place, history and culture. She is also the co-founder of the Co-liberation Collaborative, working alongside white women and femmes to reimagine the role of white folks in political campaigns and movements; founded Ann Arbor Housing for All; and is the co-host of the local policy and politics podcast Ann Arbor AF. Her forthcoming book, MOVE, is a primer on housing organization for anyone. \r\n\r\nOpen to U-M faculty, graduate students\/GSIs, post-docs, admin\/staff. \r\n\r\nRegsiter Here: https:\/\/sessions.studentlife.umich.edu\/track\/event\/session\/97059", "occurrence_notes":"Register via Sessions to receive Zoom information", "guid":"137443-21880245@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/137443", "building_id":"null", "building_name":"Off Campus Location", "campus_maps_id":"1", "room":"", "location_name":"Virtual", "has_livestream":0, "cost":"", "tags":["Postdoctoral Research Fellows","Staff","Sessions","Faculty","Graduate Students"], "website":"https:\/\/sessions.studentlife.umich.edu\/track\/event\/session\/97059", "sponsors":[ { "group_name":"Sessions @ Michigan", "group_id":"4791", "website":"https:\/\/sessions.studentlife.umich.edu\/" }, { "group_name":"Ginsberg Center", "group_id":"1146", "website":"http:\/\/ginsberg.umich.edu\/" } ], "image_url":"https:\/\/events.umich.edu\/media\/attachments\/2025\/08\/event_137443_original-1.png", "styled_images":{ "event_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_thumb\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_large":"https:\/\/events.umich.edu\/media\/cache\/event_large\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_large_2x":"https:\/\/events.umich.edu\/media\/cache\/event_large_2x\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/event_large_lightbox\/media\/attachments\/2025\/08\/event_137443_original-1.png", "group_thumb":"https:\/\/events.umich.edu\/media\/cache\/group_thumb\/media\/attachments\/2025\/08\/event_137443_original-1.png", "group_thumb_square":"https:\/\/events.umich.edu\/media\/cache\/group_thumb_square\/media\/attachments\/2025\/08\/event_137443_original-1.png", "group_large":"https:\/\/events.umich.edu\/media\/cache\/group_large\/media\/attachments\/2025\/08\/event_137443_original-1.png", "group_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/group_large_lightbox\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_large_crop":"https:\/\/events.umich.edu\/media\/cache\/event_large_crop\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_list":"https:\/\/events.umich.edu\/media\/cache\/event_list\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_list_2x":"https:\/\/events.umich.edu\/media\/cache\/event_list_2x\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_grid":"https:\/\/events.umich.edu\/media\/cache\/event_grid\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_grid_2x":"https:\/\/events.umich.edu\/media\/cache\/event_grid_2x\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_feature_large":"https:\/\/events.umich.edu\/media\/cache\/event_feature_large\/media\/attachments\/2025\/08\/event_137443_original-1.png", "event_feature_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_feature_thumb\/media\/attachments\/2025\/08\/event_137443_original-1.png" }, "occurrence_count":1, "first_occurrence":21880245 } }