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Public funding of biomedical R&D: what role for public investment funds and financial markets?
Paper:
Pension and state funds dominating biomedical R&D investment: fiduciary duty and public health (2019) https://doi.org/10.1186/s12992-019-0490-x

The role of public funding in biomedical research and development (R&D) is a longstanding topic of interest both in the academic literature and in policy debates. The public contribution to basic science and early stages of research is well established, and more recent studies have also focused on public funding of later stages of the development process. The literature focuses on public funding of R&D through direct grants, tax incentives and the purchase of the end product by public health systems. This webinar aims to bring a new element to the debate: the role of public investment funds.

Slavek Roller will present his recently published article investigating the role of pension and state funds in financing biomedical R&D in the complex financial architecture of modern drug development. He found that public investment funds in, for example, Canada, the European Union, the Netherlands, New Zealand, Switzerland and the United Kingdom, hold significant shares in pharmaceutical companies. He will describe how the source of investment does or does not influence decision-making regarding pricing and R&D priorities and implications for current debates on access to medicines and innovation. He will also offer proposals for a strengthened role for public investment fund boards in where and how they invest their money, to ensure public benefit from the results of the R&D that they fund.

The webinar is free and held in English. Participants can pose questions to the speakers. Recordings are available at https://www.knowledgeportalia.org/webinars. See instructions on how to join in the follow-up email after registration.

This is part of the webinar series of the Knowledge Network for Innovation and Access to Medicines, a project of the Global Health Centre at the Graduate Institute of Geneva.

Nov 28, 2019 04:00 PM in Zurich

Webinar is over, you cannot register now. If you have any questions, please contact Webinar host: Global Health Centre Research, Graduate Institute Geneva.