• Drug discovery today · Nov 2014

    Review

    Crowdfunding drug development: the state of play in oncology and rare diseases.

    • Nick Dragojlovic and Larry D Lynd.
    • Collaboration for Outcomes Research and Evaluation, Faculty of Pharmaceutical Sciences, University of British Columbia, 4th Floor, 2405 Wesbrook Mall, Vancouver, BC V6T 1Z3, Canada.
    • Drug Discov. Today. 2014 Nov 1; 19 (11): 1775-1780.

    AbstractIn this article, we present descriptive data on 125 crowdfunding campaigns aimed at financing research in oncology (including basic research, drug discovery, and clinical trials). We also describe five campaigns that have succeeded in raising substantial funds to support the development of treatments for ultrarare diseases. The data suggest that crowdfunding is a viable approach to supporting early proof-of-concept research that could allow researchers in oncology and rare diseases to succeed in traditional grant competitions or to attract private investment. The data also suggest that such an approach could become a valuable additional source of funding for early-stage innovators in the drug development arena. Copyright © 2014 Elsevier Ltd. All rights reserved.

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