How economics can shape precision medicines?
Many public and private efforts focus on research in precision medicine, the process by which genomic information and other characteristics of a patient’s disease are used to predict which treatments will be most effective.
Scientific initiatives alone, however, will not deliver such medicines without strong incentives to bring them to market.
An article to be published in Science on Friday, March 17, 2017, examines the unique economics of precision medicines in the United States and the factors that impact their development, pricing, and access.