The social value of an innovation is comprised of the value to consumers and the value to innovators. We estimate that for the HIV/AIDS therapies that entered the market from the late 1980's onwards, innovators appropriated only 5% of the social surplus arising from these new technologies....

Lesson 1: the life sciences industry really is exceptional -- Lesson 2: the mission matters -- Lesson 3: the big issue is bicongruence -- Lesson 4: the leader is a decisive facilitator -- Lesson 5: leadership is an intensely individualistic task -- Lesson 6: subsidiarity is a contingent craft --...

"Owning the Sun tells the story of one of the most contentious fights in human history: the legal right to control the production of lifesaving medicines. Medical science began as a discipline geared toward the betterment of all human life, but the merging of research with intellectual property...

Better management of the perioperative process has come unto the spotlight in recent years as a way to possibly reduce costs while improving the quality of care. However, perioperative care is not a subject traditionally comprehensively covered in any 1 medical specialty. Various elements of...