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Translational Medical Research Commons

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Natural & Applied Sciences Faculty Publications

Innovation finance

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Full-Text Articles in Translational Medical Research

Why Does Society Support Science? And How To Meet The Expectations?, Fred D. Ledley May 2014

Why Does Society Support Science? And How To Meet The Expectations?, Fred D. Ledley

Natural & Applied Sciences Faculty Publications

Public support for science is related less to the wonder of scientific discovery than the expectation that scientific and technological advances will lead to new product, jobs, and economic growth. Recent evidence suggests that these outcomes are not certain. Fred Ledley argues that the public is often promised the benefits of scientific discoveries without adequate consideration of the business challenges inherent in translating science for public benefit.


How To Lie With (Fda) Statistics, Fred D. Ledley May 2014

How To Lie With (Fda) Statistics, Fred D. Ledley

Natural & Applied Sciences Faculty Publications

The FDA approved 27 new drugs in 2013. Is this a downward trend? Is it an upward trend? Does it suggest that the pharmaceutical industry is failing, or that genomics is finally paying dividends? We revisit Darrell Huff’s 1954 classic How to Lie with Statistics for insights into these pressing questions.