Research Catalog

Healthcare finance : modern financial analysis for accelerating biomedical innovation

Title
Healthcare finance : modern financial analysis for accelerating biomedical innovation / Andrew W. Lo, Shomesh E. Chaudhuri.
Author
Lo, Andrew W. (Andrew Wen-Chuan)
Publication
  • Princeton, New Jersey : Princeton University Press, [2022]
  • ©2023

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StatusFormatAccessCall NumberItem Location
TextRequest in advance RA971.3 .L6 2022Off-site

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Details

Additional Authors
Chaudhuri, Shomesh
Description
xxvii, 390 pages : illustrations (colour); 26 cm
Summary
"An introductory finance textbook for the healthcare industry We are living amid a golden age of biomedical innovation, yet entrepreneurs still struggle with the so-called "Valley of Death" when seeking funding for their biotech start-ups. In Healthcare Finance, Andrew Lo and Shomesh Chaudhuri show that there are better ways to finance breakthrough therapies, and they provide the essential financial tools and concepts for creating the next generation of healthcare technologies.Geared toward MBA and life sciences students, as well as biopharma executives and healthcare investment professionals, this textbook covers the theory and application of financial techniques such as portfolio theory, discounted cash flow analysis, real options, Monte Carlo simulation, and securitization, all within the context of managing biomedical assets. The book demonstrates that more efficient funding structures can reduce financial risks, lower the cost of capital, and bring more lifesaving therapies to patients faster. Students will gain the background, framework, and techniques needed to reshape the healthcare industry in positive ways. Finance doesn't have to be a zero-sum game, and Healthcare Finance proves that it is possible to do well by doing good.Explores new financing methods for the biopharma industryAccessible explanations for making good business decisions in the life sciencesReal-world examples, case studies, and practical applicationsOnline content includes videos of lectures and recitations, interactive widgets, and self-graded problem sets"--
Subject
  • Health facilities > Finance
  • Medicine > economics
  • Pharmaceutical industry > economics
  • Biology > economics
  • Healthcare Financing
  • Biomedical Technology > economics
  • Diffusion of Innovation
  • BUSINESS & ECONOMICS / Industries / Healthcare
  • BUSINESS & ECONOMICS / Economics / General
Bibliography (note)
  • Includes bibliographical references and index.
Contents
Why healthcare finance? -- From the laboratory to the patient -- Present value relations -- Evaluating business opportunities -- Valuing bonds -- Valuing stocks -- Portfolio management and the cost of capital -- Therapeutic development and clinical trials -- Decision trees and real options -- Monte Carlo simulation -- Healthcare analytics -- Biotech venture capital -- Securitizing biomedical assets -- Pricing, value, and ethics -- Epilogue : a case study pf royalty pharma.
ISBN
  • 9780691183824
  • 0691183821
  • 9780691199962 (canceled/invalid)
LCCN
  • 2022010812
  • 99992717153
OCLC
  • on1290429456
  • 1290429456
  • SCSB-14460527
Owning Institutions
Columbia University Libraries