Can Financial Economics Cure Cancer?
<jats:title>Abstract</jats:title><jats:p>Funding for early-stage biomedical innovation has become more difficult to secure at the same time that medical breakthroughs seem to be occurring at ever increasing rates. One explanation for this counterintuitive trend is that increasing s...
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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Springer Science and Business Media LLC
2022
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| Online Access: | https://hdl.handle.net/1721.1/144205 |
| _version_ | 1826207625798221824 |
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| author | Lo, Andrew W |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Lo, Andrew W |
| author_sort | Lo, Andrew W |
| collection | MIT |
| description | <jats:title>Abstract</jats:title><jats:p>Funding for early-stage biomedical innovation has become more difficult to secure at the same time that medical breakthroughs seem to be occurring at ever increasing rates. One explanation for this counterintuitive trend is that increasing scientific knowledge can actually lead to greater economic risk for investors in the life sciences. While the Human Genome Project, high-throughput screening, genetic biomarkers, immunotherapies, and gene therapies have made a tremendously positive impact on biomedical research and, consequently, patient lives, they have also increased the cost and complexity of the drug development process, causing many investors to shift their assets to more attractive investment opportunities. This suggests that new business models and financing strategies can be used to reduce the risk and increase the attractiveness of biomedical innovation so as to bring new and better therapies to patients faster.</jats:p> |
| first_indexed | 2024-09-23T13:52:29Z |
| format | Article |
| id | mit-1721.1/144205 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T13:52:29Z |
| publishDate | 2022 |
| publisher | Springer Science and Business Media LLC |
| record_format | dspace |
| spelling | mit-1721.1/1442052023-02-03T20:52:22Z Can Financial Economics Cure Cancer? Lo, Andrew W Sloan School of Management <jats:title>Abstract</jats:title><jats:p>Funding for early-stage biomedical innovation has become more difficult to secure at the same time that medical breakthroughs seem to be occurring at ever increasing rates. One explanation for this counterintuitive trend is that increasing scientific knowledge can actually lead to greater economic risk for investors in the life sciences. While the Human Genome Project, high-throughput screening, genetic biomarkers, immunotherapies, and gene therapies have made a tremendously positive impact on biomedical research and, consequently, patient lives, they have also increased the cost and complexity of the drug development process, causing many investors to shift their assets to more attractive investment opportunities. This suggests that new business models and financing strategies can be used to reduce the risk and increase the attractiveness of biomedical innovation so as to bring new and better therapies to patients faster.</jats:p> 2022-08-03T17:57:20Z 2022-08-03T17:57:20Z 2021 2022-08-03T17:51:42Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/144205 Lo, Andrew W. 2021. "Can Financial Economics Cure Cancer?." Atlantic Economic Journal, 49 (1). en 10.1007/S11293-021-09704-7 Atlantic Economic Journal Creative Commons Attribution 4.0 International license https://creativecommons.org/licenses/by/4.0/ application/pdf Springer Science and Business Media LLC Springer |
| spellingShingle | Lo, Andrew W Can Financial Economics Cure Cancer? |
| title | Can Financial Economics Cure Cancer? |
| title_full | Can Financial Economics Cure Cancer? |
| title_fullStr | Can Financial Economics Cure Cancer? |
| title_full_unstemmed | Can Financial Economics Cure Cancer? |
| title_short | Can Financial Economics Cure Cancer? |
| title_sort | can financial economics cure cancer |
| url | https://hdl.handle.net/1721.1/144205 |
| work_keys_str_mv | AT loandreww canfinancialeconomicscurecancer |