Believe it or not, about 20 years’ worth of potentially life-saving drugs are sitting in labs right now, untested. Why? Because they can’t get the funding to go to trials; the financial risk is too high. Roger Stein is a finance guy, and he thinks deeply about mitigating risk. He and some colleagues at MIT came up with a promising new financial model that could move hundreds of drugs into the testing pipeline. (Filmed at TED@StateStreet.)
Roger Stein wants to bring financial engineering to the world of drug funding.
Watch the video on the TED site.
Roger Stein is a Senior Lecturer of Finance at the MIT Sloan School of Management.