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Economic Dimensions of Personalized and Precision Medicine (Hardcover)
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Economic Dimensions of Personalized and Precision Medicine (Hardcover)
Series: National Bureau of Economic Research Conference Report
Expected to ship within 12 - 17 working days
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Personalized and precision medicine (PPM)—the targeting of
therapies according to an individual’s genetic, environmental, or
lifestyle characteristics—is becoming an increasingly important
approach in health care treatment and prevention. The advancement
of PPM is a challenge in traditional clinical, reimbursement, and
regulatory landscapes because it is costly to develop and
introduces a wide range of scientific, clinical, ethical, and
socioeconomic issues. PPM raises a multitude of economic issues,
including how information on accurate diagnosis and treatment
success will be disseminated and who will bear the cost; changes to
physician training to incorporate genetics, probability and
statistics, and economic considerations; questions about whether
the benefits of PPM will be confined to developed countries or will
diffuse to emerging economies with less developed health care
systems; the effects of patient heterogeneity on cost-effectiveness
analysis; and opportunities for PPM’s growth beyond treatment of
acute illness, such as prevention and reversal of chronic
conditions. This volume explores the intersection of the
scientific, clinical, and economic factors affecting the
development of PPM, including its effects on the drug pipeline, on
reimbursement of PPM diagnostics and treatments, and on funding of
the requisite underlying research; and it examines recent empirical
applications of PPM.
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