DEVELOPMENT AND INNOVATION IN CARDIOVASCULAR MEDICINE

Desmond Sheridan
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Desmond Sheridan: Department of Cardiology, National Heart and Lung Institute Imperial College London, St Mary's Hospital, Norfolk Place, W2 1PG London, UK

Chapter 2 in Innovation in the Biopharmaceutical Industry, 2007, pp 31-44 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe last century has witnessed groundbreaking advances in clinical medicine across the entire diagnostic and therapeutic range, but inequities in access to these advances and innovations continue to be a major challenge to our societies.Innovations are often initiated by “eureka” moments of discovery, but realising their full potential depend on a process of continuous incremental innovation and interaction involving complex networks. When developing systems that reward, encourage, and sustain medical advances, policy makers must recognise four important factors. First, “incremental” and “continuous” innovation is as important as “breakthrough” innovation. Second, investment across the entire innovation process is needed. Third, the ability of physicians to work across a wide range of scientific fields at “the bench and bedside” is critical to continuous innovation. And fourth, final medical advance that can result from an initial discovery may not be obvious and only occur following interaction with experts and innovations in other fields.

Keywords: Pharmaceutical Innovations; Healthcare; Health Systems; Cardiovascular Medicine; Life Sciences; Cancer Medicine; Biopharmaceuticals Sector; Patents; Economic Growth (search for similar items in EconPapers)
Date: 2007
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