Evidence map›Paper›PMID 40601717›Full record

ArticlePloS one2025

Financing drug development via adaptive platform trials.

Joonhyuk Cho, Eugene Sorets, Shomesh Chaudhuri, Annette De Mattos, Kristin Drake, Merit E Cudkowicz, Ricardo Ortiz, Meredith Hasenoehrl, Marianne Chase, Brittney Harkey and 3 more

Abstract read
In one paragraph

Article in PloS one, 2025. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 1 paper.

0numbers the graph read from it
0cells of the map it votes in
1citing papers in PubMed
–field-weighted citation impact
1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

1 citing paper in PubMed.

  1. Review
4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

13 authors.

Joonhyuk ChoMIT Laboratory for Financial Engineering, Cambridge, Massachusetts, United States of America.ORCID https://orcid.org/0000-0003-0215-8963
Eugene SoretsQuestrom School of Business, Boston University, Boston, Massachusetts, United States of America.ORCID https://orcid.org/0009-0007-0463-8799
Shomesh ChaudhuriQLS Advisors, Cambridge, Massachusetts, United States of America.
Annette De MattosSean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
Kristin DrakeSean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
Merit E CudkowiczSean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
Ricardo OrtizSean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
Meredith HasenoehrlSean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
Marianne ChaseSean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
Brittney HarkeySean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
Sabrina PaganoniSean M. Healey & AMG Center for ALS at Massachusetts General Hospital, Boston, Massachusetts, United States of America.
John FrishkopfQLS Advisors, Cambridge, Massachusetts, United States of America.
Andrew W LoMIT Laboratory for Financial Engineering, Cambridge, Massachusetts, United States of America.ORCID https://orcid.org/0000-0003-2944-7773

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

We propose a new approach to funding disease-specific drug development via a variation of the adaptive platform trial. This trial is designed to test a portfolio of drug candidates in parallel, with the cost of the trial partially covered by investors who receive payments from a royalty fund of the candidates in exchange for investment. Under realistic assumptions for cost, revenue, probability of success, drug sales, and royalty rates, investors may expect a return of 28%, but with a 22% probability of total loss. Such return distributions may be attractive to hedge funds, family offices, and philanthropic investors seeking both social impact and financial return. Return distributions palatable to mainstream investors may be achieved by funding multiple platform trials simultaneously and securitizing the aggregate cash flows.

Indexed as

Clinical Trials as TopicDrug DevelopmentDrug IndustryHumansInvestments

Identifiers

PMID40601717
PMCPMC12221166

What OpenQuestion holds

Textmetadata
LicenceCC BY
Read underepoch 390

Registered trials

None linked

Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.