Science and Cents: Exploring the Economics of Biotechnology
April 19, 2002
Federal Reserve Bank of Dallas

Agenda

Welcome

• Welcoming Remarks
  Robert D. McTeer, Jr.
  President and Chief Executive Officer
  Federal Reserve Bank of Dallas

An Economic Perspective on the Biotech Revolution

• Growing by Leaps and Inches: Creative Destruction, Real Cost Reduction, and Inching Up
  Michael R. Darby
  Warren C. Cordner Professor of Money and Financial Markets
  University of California at Los Angeles
  Lynne G. Zucker
  Professor of Sociology and Policy Studies
  University of California at Los Angeles

• The Benefits to Society of New Drugs: A Survey of the Econometric Evidence
  Frank R. Lichtenberg
  Courtney C. Brown Professor of Business
  Columbia University

The Interdisciplinary Nature of Biotech Research

• Harnessing New Technologies for the 21st Century
  Malcolm Gillis
  President and Ervin Kenneth Zingler Professor of Economics
  Rice University
   
• The Convergence of Disruptive Technologies Enabling a New Industrial Approach to Health Products
  C. Thomas Caskey
  President and CEO
  Cogene BioTech Ventures, Ltd.

Legal and Regulatory Issues Facing Biotechnology

• Patents and New Product Development in the Pharmaceutical and Biotechnology Industries
  Henry G. Grabowski
  Professor of Economics and Director of the Program in Pharmaceuticals and Health Economics
  Duke University

• Reaching Through the Genome
  Rebecca S. Eisenberg
  Robert and Barbara Luciano Professor of Law
  University of Michigan

Financing Biotech Research

• Financing Biotechnology Research: A Firsthand Perspective
  Timothy F. Howe
  Founding Partner, Collinson,Howe & Lennox and
  Adjunct Professor, Graduate School of Business, Columbia University
   
• Biotechnology and Government Funding: Economic Motivation and Policy Models
  Michael S. Lawlor
  Professor of Economics, joint position in the Economics Department and the School of Medicine
  Wake Forest University

Local Determinants of Biotech Research

• Commercializing Knowledge: University Science, Knowledge Capture, and Firm Performance in Biotechnology
  Lynne G. Zucker, Michael R. Darby, and Jeff S. Armstrong
   
• Presentation—The Role of the University in Biotechnology Development
  Dennis K. Stone
  Vice President for Technology Development
  University of Texas Southwestern Medical School