OHE Lunchtime Seminar: The People’s Prescription – Re-imagining Health Innovation to Deliver Public Value
OHE Lunchtime Seminar with Mariana Mazzucato, UCL Institute for Innovation and Public Purpose. Health innovation would be futile and unjust if it does not address public health needs or ensure access to new treatments and cures by the people that…
27/09/18 11:00 pm
OHE Lunchtime Seminar with Mariana Mazzucato, UCL Institute for Innovation and Public Purpose.
Health innovation would be futile and unjust if it does not address public health needs or ensure access to new treatments and cures by the people that need them. The current health innovation system risks becoming just that: beleaguered by increasing financialisation and the obligation to maximise shareholder value through profit, the pharmaceutical sector is increasingly under pressure to deliver short-term financial returns through raising drug prices and executing share buybacks at the expense of directing innovation towards public and long-term benefits.
Drawing on an upcoming Open Society Foundation-funded report prepared by the UCL Institute for Innovation and Public Purpose (IIPP), Global Justice Now, STOPAIDS and Just Treatment, Mariana Mazzucato (IIPP) will outline in this seminar the key problems of the current health innovation system and present, with examples, the principles that would underpin a mission-oriented approach to driving health innovation in the interest of the public. Transformative proposals that rethink value creation, distribution of labour and sharing of risks and rewards across public and private actors in health innovation are proposed in three areas: (1) delinking the cost of research and development from drug prices; (2) attaching conditions to the provision of public funding; (3) changing the rules of corporate governance.
Mariana Mazzucato (PhD) is Professor in the Economics of Innovation and Public Value at University College London (UCL), and is Founder and Director of the UCL Institute for Innovation & Public Purpose (IIPP). She advises policy makers around the world on innovation-led inclusive growth, including a special advisory role to the EC.
Webinar facilities will also be available for this lunchtime seminar, however registration is needed. Please send an email to firstname.lastname@example.org if you wish to join. Details of the webinar will be sent out closer to the event date.
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