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The promise of crowdfunding to finance R&D of novel diagnostics and therapeutics for incurable diseases that are underfunded.

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The level of funding available for research and development (R&D) of diagnostics (D) and therapeutics (T) for underfunded incurable diseases varies and is not associated with the extent of their… Click to show full abstract

The level of funding available for research and development (R&D) of diagnostics (D) and therapeutics (T) for underfunded incurable diseases varies and is not associated with the extent of their disease burden. Crowdfunding is a promising way to increase funding for R&D of D&T for incurable diseases such as Alzheimer's and Parkinson's disease that are underfunded, which has not been exploited to its full capacity. Investing into efforts to educate patients and researchers about its prospective is a worthwhile endeavor, which could lead to the generation of substantial new capital to finance the development of novel therapeutics for these diseases.

Keywords: crowdfunding finance; incurable diseases; promise crowdfunding; finance; finance novel; diagnostics therapeutics

Journal Title: Drug discovery today
Year Published: 2021

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