"A crystal-clear--and fascinating--book. It should be of interest to those teaching health economics or healthcare economics, and to anyone who wants to better understand how healthcare finance works." --Emily Oster, author of The Family Firm: A Data-Driven Guide to Better Decision Making in the Early School Years "Developing treatments to cure diseases is expensive. It is also risky, as knowledge of human physiology remains incomplete. This unique and readable textbook provides a framework for considering investments in this critical space." -- Phillip A. Sharp, winner of Nobel Prize in Physiology or Medicine "Lo and Chaudhuri have written the most important book for navigating the financial innovations required to turn today's rapid advances in biology and medicine into new therapies that will change the practice of healthcare. From basic tools to the most advanced and creative financial concepts, Healthcare Finance is must-read for students and professionals alike.

" --Terry McGuire, founder of Polaris Partners and former chair of the National Venture Capital Association "Andrew Lo and Shomesh Chaudhuri are pioneers in healthcare finance and this is a must-read for business students, scientists, engineers, and physicians who want to translate their ideas into practice and are looking for optimal ways of financing them." -- Robert Langer, Massachusetts Institute of Technology "Which new medical discoveries successfully transition from the scientific lab to actually helping patients depends--in large part--on a complicated web of business models and decisions. This book provides a lucid and accessible introduction to the landscape of healthcare finance." --Heidi Williams, Stanford University.