Andrew Lo Quotes
We now have the ability to explore many new treatments for many diseases. However we do not have enough money to explore them all…. I measure time by the number of patients who die each day as the result of diseases that we do not have enough money to develop cures for. We have the tools. We need the money.
Suggesting raising money for medical resaearch by securitizing bundles of cancer drugs to secure bonds.
Andrew Lo, Interview with Paul Salmon, PBS Evening News, Febuary 1, 2018
Sourced by: Eigen's Political and Historical Quotations
The major killer diseases such as malaria and sleeping sickness are not contracted by Americans, and America is the only large country in the world where the Governments allow the drug companies to charge such high prices and make such huge profits. So any drug that Americans might pay for is a better potential profit generator than one that would be critical to the lives of millions where the governments to preserve lives would force the prices down or allow other companies to also make the drug. See {628648} for other factors affecting drug company priorities.
When couples use in vitro fertilization to have children, they usually produce several fertilized embryos one of which is implanted into the womb of the mother. The other embryos can produce stem cells which are cells that can grow into any other kind of cell—brain cells, bone, cells, kidney cells, stc. Therefore they have the most promise for medical research. However, some people regard the embryos as human beings at an early stage of development and see the embryos as life. For them the notion of using that “life” for medical research where a human being will not be produced but instead a medicine or replacement cells for a sick person crosses a moral line of what is proper for a life form. Others observe that the embryos are kept alive in freezers and will be thrown away if not needed so why not use them to help mankind. At the other extreme some are opposed to allowing in vitro fertilization to begin with, but there have been over a million people born with this technique to couples who otherwise would not have been able to have children.
Andrew Wen-Chuan Lo (Chinese: 羅聞全) (born 1960) is the Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management. Lo is the author of many academic articles in finance and financial economics. He founded AlphaSimplex Group in 1999 and served as Chairman and Chief Investment Strategist until 2018 when he transitioned to his current role as Chairman Emeritus and Senior Advisor.
