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

TitleCrowdfunding drug development: the state of play in oncology and rare diseases
Publication TypeJournal Article
Year of Publication2014
AuthorsDragojlovic N, Lynd LD
JournalDrug Discov Today
Volume19
Issue11
Pagination1775-80
Date Published11/2014
ISSN1878-5832
Abstract

In 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.

DOI10.1016/j.drudis.2014.06.019
Alternate JournalDrug Discov. Today
PubMed ID24973645