Law and Economics of Biomedical Innovation

Past Offerings

Law and Economics of Biomedical Innovation (3011): Biomedical research at universities, other nonprofits, government laboratories, and private firms has led to remarkable lifesaving advances in recent decades. Scientists have developed new biologic drugs to cure cancer, complex algorithms to identify public health risks or predict disease, and 3D-printed medical devices. Biomedical research is also tremendously expensive. In this seminar we will examine the economics of biomedical R&D and the legal framework that is designed to incentivize new advances, with an emphasis on pharmaceuticals. We will consider policy tools including patents and other intellectual property, FDA-administered regulatory exclusivity, prizes, grants, tax incentives, and insurance reimbursement. We will also discuss how these incentives are funded and what this means for allocating access to medical technologies, both in the United States and abroad. The current policy mix of innovation incentives and access allocation mechanisms is far from perfect, and students will have the opportunity to discuss reform proposals with real-world biomedical innovators from different sectors. There are no prerequisites, and no technical or economic background is required, but students should be willing to learn about biomedical technologies, detailed legal frameworks, and economic policies. Special Instructions: After the term begins, students can transfer from section (01) into section (02), which meets the R requirement, with consent of the instructor. Students taking the course for R credit can take the course for either 2 or 3 units, depending on the paper length. Elements used in grading: attendance, participation, and reflection papers or research paper. Early drop deadline. CONSENT APPLICATION: To apply for this course, students must complete and submit a Consent Application Form available on the SLS website (Click Courses at the bottom of the homepage and then click Consent of Instructor Forms). See Consent Application Form for instructions and submission deadline.

Sections

Law and Economics of Biomedical Innovation | LAW 3011 Section 01 Class #30980

  • 2 Units
  • Grading: Law Honors/Pass/Restrd Cr/Fail
  • 2018-2019 Winter
    Schedule No Longer Available
  • Enrollment Limitations: Consent 14
    • 1L: Winter Elective (Open to First-Year JD Students)
  • Learning Outcomes Addressed:
    • LO1 - Substantive and Procedural Law
    • LO2 - Legal Analysis and Reasoning
    • LO4 - Ability to Communicate Effectively in Writing

  • 2018-2019 Winter
    Schedule No Longer Available

Law and Economics of Biomedical Innovation | LAW 3011 Section 02 Class #30981

  • 2 3 Units
  • Grading: Law Honors/Pass/Restrd Cr/Fail
  • 2018-2019 Winter
    Schedule No Longer Available
  • Enrollment Limitations: Consent
    • 1L: Winter Elective (Open to First-Year JD Students)
  • Graduation Requirements:
    • R -Research Requirement for Law Degree
  • Learning Outcomes Addressed:
    • LO1 - Substantive and Procedural Law
    • LO2 - Legal Analysis and Reasoning
    • LO3 - Ability to Conduct Legal Research
    • LO4 - Ability to Communicate Effectively in Writing
    • LO5 - Ability to Communicate Orally

  • 2018-2019 Winter
    Schedule No Longer Available
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