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Biomedical research: increasing value, reducing waste

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Air date: Wednesday, April 20, 2016, 3:00:00 PM
Time displayed is Eastern Time, Washington DC Local
Views: Total views: 510, (159 Live, 351 On-demand)
Category: WALS - Wednesday Afternoon Lectures
Runtime: 01:00:55
Description: NIH Director’s Wednesday Afternoon Lecture Series

More than $200 billion is spent worldwide annually on biomedical research but estimates suggest as much as 85 percent may be wasted. What are the determinants of research waste and is such a high figure justified? A series of five papers in The Lancet (January 8, 2014) introduced this topics in detail and is updated in this lecture. This presentation focuses on redundancy and duplication of research hypotheses, research designs that cannot reliably test hypotheses, publication bias, and irreproducibility. Solutions for reducing waste and increasing value are discussed.

For more information go to https://oir.nih.gov/wals
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NLM Title: Biomedical research : increasing value, reducing waste / Michael B. Bracken.
Author: Bracken, Michael B.
National Institutes of Health (U.S.),
Publisher:
Abstract: (CIT): NIH Director's Wednesday Afternoon Lecture Series More than $200 billion is spent worldwide annually on biomedical research but estimates suggest as much as 85 percent may be wasted. What are the determinants of research waste and is such a high figure justified? A series of five papers in The Lancet (January 8, 2014) introduced this topics in detail and is updated in this lecture. This presentation focuses on redundancy and duplication of research hypotheses, research designs that cannot reliably test hypotheses, publication bias, and irreproducibility. Solutions for reducing waste and increasing value are discussed.
Subjects: Biomedical Research--economics
Cost-Benefit Analysis
Publication Types: Lecture
Webcasts
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Caption Text: Download Caption File
NLM Classification: W 20.5
NLM ID: 101682329
CIT Live ID: 18959
Permanent link: https://videocast.nih.gov/launch.asp?19636

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