Wiktionary
n. (context medicine economics English) The study of the economic aspects of pharmaceuticals
Wikipedia
Pharmacoeconomics refers to the scientific discipline that compares the value of one pharmaceutical drug or drug therapy to another. It is a sub-discipline of health economics. A pharmacoeconomic study evaluates the cost (expressed in monetary terms) and effects (expressed in terms of monetary value, efficacy or enhanced quality of life) of a pharmaceutical product. Pharmacoeconomic studies serve to guide optimal healthcare resource allocation, in a standardized and scientifically grounded manner.
PharmacoEconomics is a peer-reviewed medical journal published by Adis International ( Springer Science + Business Media) that covers the fields of health economics, pharmacoeconomics, and quality-of-life assessment.