Summary of A Bold New Way to Fund Drug Research

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A Bold New Way to Fund Drug Research summary
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10 Innovation

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Recommendation

Finance expert Roger Stein brings a fresh, clever solution to the problem of funding drug development: Recast drugs as “financial assets,” and “let the research drive the funding.” This concept can save lives but needs broad collaboration to gain traction. getAbstract recommends this lecture to those interested in new investment opportunities, good deeds, research and development, or all three.

In this summary, you will learn

  • What factors slow or stall drug development,
  • How a new approach makes it easier to fund research, and
  • Why collaboration between individual investors and the drug industry can save lives.
 

About the Speaker

Finance expert Roger Stein is a senior lecturer at MIT's Sloan School of Management.

 

Summary

In the United States, about one in two men and one in three women will develop cancer at some point. For cancer patients, “specially formulated” drugs can be crucial to recovery. But cancer has more than 200 varieties, and developing new drugs is costly and “very risky.” As a result, a

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