Some chemical, biological, radiological, and nuclear (CBRN) agents, whether naturally, accidentally, or intentionally released, can be very damaging and pose a high risk to national security, owing to their potential for economic and social disruption. Efficacious pharmaceutical research and development could protect populations against such agents via new prophylactic drugs and vaccines or post-exposure treatment with antidotes and antimicrobials. However, because of the unpredictable nature of when, if ever, the health risks of specific CBRN agents might be realized, the development of medical countermeasures against these agents carries less promise of free market rewards to entice investment, and thus this development necessitates public funding or incentives. In terms of defining the level and targets of such public funding, the potential economic impact of any realized threat must be determined.
These articles raise public and private awareness and examine the specific components of market failure — research and development efforts vs. market rewards associated with medical countermeasures against rare, but deadly diseases (e.g. CBRN agents).
Pay Now or Pay More
Pay Now or Pay More Abstract: There is no way to tell exactly what the economic damage from the COVID-19 impact will be, but initial estimates predict most major economies will lose at least 2.4 percent of their GDP over 2020 as a whole (OECD 2020). To put this number in perspective, global GDP was estimated at around 86.6 trillion USD in 2019. Every single 1 percent drop in global economic growth amounts to almost 1 trillion USD in lost economic output. Based on the Ebola outbreak in 2014 and the ongoing COVID-19 pandemic, this article underlines the [...]
Interdependent Factors of Demand-Side Rationale for Chemical, Biological, Radiological, and Nuclear Medical Countermeasures
Interdependent Factors of Demand-Side Rationale for Chemical, Biological, Radiological, and Nuclear Medical Countermeasures Abstract: The deliberate use of chemical, biological, radiological, and nuclear (CBRN) materials in war or terrorist attacks is perceived as a great threat globally. In the event of a release of CBRN agents, protection by means of medical countermeasures (MedCMs) could reduce health vulnerability. Nonetheless, for some diseases caused by these agents, innovative MedCMs do not exist and many of those that do might not be readily available. Inappropriate research and development funding and government procurement efforts can result in adverse economic consequences (eg, lost [...]
Strengthening the Cost Effectiveness of Medical Countermeasure Development Against Rare Biological Threats: The Ebola Outbreak
Strengthening the Cost Effectiveness of Medical Countermeasure Development Against Rare Biological Threats: The Ebola Outbreak Abstract: Some chemical, biological, radiological, andnuclear agents, whether naturally, accidentally, or intentionally released, can be very damaging and pose a high risk to national security, owing to their potential for economic and social disruption. Efficacious pharmaceutical research and development could protect populationsagainst such agents via new prophylactic drugs and vaccines or post-exposure treatment with antidotes andantimicrobials. However, because of the unpredictable nature of when, if ever, the health risks of specific chemical,biological, radiological, and nuclear agents might be realized, the development of medical [...]
On-Going Research
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