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
