Papers

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Just How Good an Investment is the Biopharmaceutical Sector?

Healthcare Finance 2017 Thakor, Richard T., Nicholas Anaya, Yuwei Zhang, Christian Vilanilam, Kien Wei Siah, Chi Heem Wong, and Andrew W. Lo, Nature Biotechnology 35, 1149-1157.
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Pricing for Survival in the Biopharma Industry: A Case Study of Acthar Gel and Questcor Pharmaceuticals

Healthcare Finance 2017 Burnham, Terence C., Samuel Huang, and Andrew W. Lo, Journal of Investment Management 15(4), 69-91.
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Patient-Centered Clinical Trials

Healthcare Finance 2018 Chaudhuri, Shomesh E., Martin P. Ho, Telba Irony, Murray Sheldon, and Andrew W. Lo,Drug Discovery Today 23(2), 395--401. https://doi.org/10.1016/j.drudis.2017.09.016.
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Estimation of clinical trial success rates and related parameters

Healthcare Finance 2018 Wong, Chi Heem, Kien Wei Siah, and Andrew W. Lo, Biostatistics, kxx069, https://doi.org/10.1093/biostatistics/kxx069.
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Funding Long Shots (Working Paper)

Healthcare Finance 2017 Hull, John, Andrew W. Lo, and Roger M. Stein, Working Paper.
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Re-inventing drug development: A case study of the I-SPY 2 breast cancer clinical trials program

Healthcare Finance 2017 Das, Sonya, and Andrew W. Lo, Contemporary Clinical Trials 62, 168–174.
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Optimal Financing for R&D-Intensive Firms (Working Paper)

Healthcare Finance 2017 Thakor, Richard T. and Andrew W. Lo, NBER Working Paper 23831.
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Machine-Learning Models for Predicting Drug Approvals and Clinical-Phase Transitions (Working Paper)

Big Data and Financial Technology, Healthcare Finance 2017 Lo, Andrew W., Kien Wei Siah, and Chi Heem Wong, Working Paper.
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Sharing R&D Risk in Healthcare via FDA Hedges (Working Paper)

Healthcare Finance 2017 Jorring, Adam T., Andrew W. Lo, Tomas J. Philipson, Manita Singh, and Richard T. Thakor, Working Paper.
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Accelerating Biomedical Innovation: A Case Study of the SPARK Program at Stanford University, School of Medicine

Healthcare Finance 2017 Kim, Esther S., Paige M. C. Omura, and Andrew W. Lo, Drug Discovery Today, doi.org/10.1016/j.drudis.2017.03.015.