While the doubling of life expectancy in developed countries during the 20th century can be attributed mostly to decreases in child mortality, the trillions of dollars spent on biomedical research by governments, foundations and corporations over the past sixty years are also yielding longevity dividends in both working and retired population. Biomedical progress will likely increase the healthy productive lifespan and the number of years of government support in the old age. In this paper we introduce several new parameters that can be applied to established models of economic growth: the biomedical progress rate, the rate of clinical adoption and the rate of change in retirement age. The biomedical progress rate is comprised of the rejuvenation rate (extending the productive lifespan) and the non-rejuvenating rate (extending the lifespan beyond the age at which the net contribution to the economy becomes negative). While staying within the neoclassical economics framework and extending the overlapping generations (OLG) growth model and assumptions from the life cycle theory of saving behavior, we provide an example of the relations between these new parameters in the context of demographics, labor, households and the firm.
Advances in financial engineering are radically reshaping the biomedical marketplace. For instance, new methods of pooling diversified drug development programs by placing them in a special purpose vehicle (SPV) have been proposed to create a securitized cancer megafund allowing for debt and equity participation. In this study, we perform theoretical and numerical simulations that highlight the role of empirical validation of the projects comprising a cancer megafund. We quantify the degree to which the deliberately designed structure of derivatives and investments is key to its liquidity. Research megafunds with comprehensive in silico and laboratory validation protocols and ability to issue both debt, and equity as well as hybrid financial products may enable conservative investors including pension funds and sovereign government funds to profit from unique securitization opportunities. Thus, while hedging investor's longevity risk, such well-validated megafunds will contribute to health, well being and longevity of the global population. ; B.M. is supported by an NCI PSOC grant# U54 CA193313.
Multiple interventions in the aging process have been discovered to extend the healthspan of model organisms. Both industry and academia are therefore exploring possible transformative molecules that target aging and age‐associated diseases. In this overview, we summarize the presented talks and discussion points of the 5th Annual Aging and Drug Discovery Forum 2018 in Basel, Switzerland. Here academia and industry came together, to discuss the latest progress and issues in aging research. The meeting covered talks about the mechanistic cause of aging, how longevity signatures may be highly conserved, emerging biomarkers of aging, possible interventions in the aging process and the use of artificial intelligence for aging research and drug discovery. Importantly, a consensus is emerging both in industry and academia, that molecules able to intervene in the aging process may contain the potential to transform both societies and healthcare ; DB is supported by the German Research Foundation (Forschungsstipendium; BA 6276/1-1). CYE is supported by Swiss National Science Foundation [163898]. VNG is supported by grants from National Institutes of Health, and by the Russian Federation grant 14.W03.31.0012. DWL presented the results of research supported in part by research grants and funds from the National Institutes of Health, the Wisconsin Partnership Program, the Progeria Research Foundation, the American Federation for Aging Research, and the University of Wisconsin-Madison School of Medicine and Public Health and Department of Medicine, as well as the facilities and resources of the William S. Middleton Memorial Veterans Hospital. The content is solely the responsibility of the authors and does not necessarily represent the official views of the NIH. This work does not represent the views of the Department of Veterans Affairs or the United States Government. MSL is supported by an LUMC research fellowship and a VIDI grant from the Netherlands scientific organization (NWO- ALW-016.161.320). A.M.-M. is supported by grants from the Instituto de Salud Carlos III co-funded by Instituto de Salud Carlos III and FEdeR (CP14/00105 and PI15/00134). SM was supported by the FWO-OP/Odysseus program (42/FA010100/32/6484). SJO's current work is funded by The Glenn Award from the Glenn Foundation for Medical Research. MR is supported by the Swiss National Science Foundation and the European Union Horizon 2020 program. MSK is supported by grants from the Danish Cancer Society (#R167-A11015_001), the Independent Research Fund Denmark (#7016- 00230B) and the Novo Nordisk Foundation (NNF17OC0027812). ; Peer reviewed
