
Healthcare Finance
Modern Financial Analysis for Accelerating Biomedical Innovation
- 416 pages
- English
- PDF
- Available on iOS & Android
Healthcare Finance
Modern Financial Analysis for Accelerating Biomedical Innovation
About this book
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. Readers 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 industry
- Provides accessible explanations for making good business decisions in the life sciences
- Analyzes real-world examples, case studies, and practical applications
- Includes access to videos of lectures and recitations, interactive figures, self-graded problem sets, and other online content
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Information
Table of contents
- Cover
- Contents
- Preface
- Dedication and Acknowledgments, Shomesh E. Chaudhuri
- Dedication and Acknowledgments, Andrew W. Lo
- 1. Why Healthcare Finance?
- 2. From the Laboratory to the Patient
- 3. Present Value Relations
- 4. Evaluating Business Opportunities
- 5. Valuing Bonds
- 6. Valuing Stocks
- 7. Portfolio Management and the Cost of Capital
- 8. Therapeutic Development and Clinical Trials
- 9. Decision Trees and Real Options
- 10. Monte Carlo Simulation
- 11. Healthcare Analytics
- 12. Biotech Venture Capital
- 13. Securitizing Biomedical Assets
- 14. Pricing, Value, and Ethics
- 15. Epilogue: A Case Study of Royalty Pharma
- Glossary
- Index