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Biotechnology and Medical Innovation: Socio-Economic Assessment of the Technology, the Potential and the Products

PublisherOrganisation for Economic Co-operation and Development
Format983.0KB PDF, requires Acrobat Rdr 5Date added07 Oct 2003
Topics Biology, Genetic Engineering
Downloads19

This report considers how the tools of economic assessment may be applied to innovations in health care deriving from modern biotechnology. It combines papers on the science and technology; on assessment methodologies; and case studies -- on vaccines, genetic testing, and two "breakthrough" drugs.

The potential of the technology is confirmed -- for more fundamental understanding of disease processes, which may lead to progress in treating currently unmet needs; for efficient production of previously scarce molecules of therapeutic value; for safe and effective vaccines; and for novel, sensitive and specific tests.

This surge of innovations -- many of them initially expensive, and potentially creating new demands -- has stimulated an expansion of health technology assessment; but there are shortcomings in current methods of assessment; limitations on their applicability and interpretation; and limitations on their validity for providing robust and internationally transferable conclusions.

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