Healthcare Finance: Modern Financial Analysis for Accelerating Biomedical Innovation
- 17h 46m 23s
- Andrew W. Lo, Shomesh E. Chaudhuri
- Gildan Media
- 2023
An introductory finance textbook for the healthcare industry
We are living in 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 for 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 diversification, 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. Listeners 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.
About the Author
Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management, director of the MIT Laboratory for Financial Engineering, and an external faculty member at the Santa Fe Institute. His books include Adaptive Markets and Hedge Funds (both Princeton). Shomesh E. Chaudhuri is a cofounder of QLS Advisors. He has published articles in such journals as the Journal of Financial Economics, the Journal of Econometrics, Management Science, JAMA Oncology, and Drug Discovery Today.
In this Audiobook
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CHAPTER 1 - WHY HEALTHCARE FINANCE?
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CHAPTER 2 - FROM THE LABORATORY TO THE PATIENT
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CHAPTER 3 - PRESENT VALUE RELATIONS
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CHAPTER 4 - EVALUATING BUSINESS OPPORTUNITIES
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CHAPTER 5 - VALUING BONDS
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CHAPTER 6 - VALUING STOCKS
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CHAPTER 7 - PORTFOLIO MANAGEMENT AND THE COST OF CAPITAL
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CHAPTER 8 - THERAPEUTIC DEVELOPMENT AND CLINICAL TRIALS
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CHAPTER 9 - DECISION TREES AND REAL OPTIONS
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CHAPTER 10 - MONTE CARLO SIMULATION
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CHAPTER 11 - HEALTHCARE ANALYTICS
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CHAPTER 12 - BIOTECH VENTURE CAPITAL
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CHAPTER 13 - SECURITIZING BIOMEDICAL ASSETS
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CHAPTER 14 - PRICING, VALUE, AND ETHICS
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CHAPTER 15 - EPILOGUE: A CASE STUDY OF ROYALY PHARMA
