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As private funding of biomedical research soars, new risks arise

The article entitled “The New Age of Private Research Funding: Be Careful Out There!” is coauthored by Gino Inverso, University of Pennsylvania (UPENN) Health System, Nada Boualam, Wharton School, UPENN, and Kevin B. Mahoney, Perelman School of Medicine, UPENN and the Fox School of Business, Temple University, Philadelphia, PA.The authors discuss the factors essential for the success and strength of an Innovation Network, in which a limited number of AMCs collaborate on a shared research agenda that is supported by a private benefactor, such as a foundation seeking a cure for a specific disease. They warn researchers, physicians, and AMCs of the three main conflicts that exist – financial, scientific, and ethical – when the benefactor of the Innovation Network also manages the network, and recommend the appointment of an independent oversight board.

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As private funding of biomedical research soars, new risks arise

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