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Erland Stevens

In this course about the business of the pharmaceutical industry, students will learn how the economic, legal, and regulatory landscape affect the scientific research that leads to the discovery and development of new drugs. The three-week course starts with a general overview of drug regulation, recognition of patient needs, and listing the distinct stages of a drug campaign. The second week covers clinical trials, research costs, and the effect of patents and intellectual property. In the final week, students will learn about biological drugs, drug approval, drug research outside of large pharma, and the makeup of research pipelines in large drug firms.

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In this course about the business of the pharmaceutical industry, students will learn how the economic, legal, and regulatory landscape affect the scientific research that leads to the discovery and development of new drugs. The three-week course starts with a general overview of drug regulation, recognition of patient needs, and listing the distinct stages of a drug campaign. The second week covers clinical trials, research costs, and the effect of patents and intellectual property. In the final week, students will learn about biological drugs, drug approval, drug research outside of large pharma, and the makeup of research pipelines in large drug firms.

No previous experience or knowledge is required to enroll. Students only need to have an interest in better understanding the various factors that affect the research of new drugs. The course is designed in modules. Each module opens with a short video on a selected topic. The module continues with a short reading or exercise with an assessment activity. Each module will require approximately 1 hour to complete, and the course includes 15 modules. Two approaches to the course are recommended. One, a student might spend an hour per day on the course and complete all 15 modules in approximately three weeks. Two, a student with additional available time may be able to work through the entire course in just a single week or over an extended weekend.

Students signed up for the Audit Track have access to the instructional video materials. Students enrolled through the Verified Track have access to the instructional videos, the readings and activities, the assessments, as well as selected additional videos related to the primary instructional videos.

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What's inside

Learning objectives

  • The process by which different stakeholders determine unmet medical needs, which drive the creation of new drug campaigns in the pharmaceutical industry
  • Clinical trial stages and the type of drug safety and efficacy information learned at each stage
  • The research and development cost of advancing a drug from concept, through discovery and development, and ultimately it patients in the market
  • Types of intellectual property, including patents and trademarks, that are most relevant to newly marketed drugs
  • Different approval designations recognized by government regulatory authorities to enable more rapid approval of drug’s that meet particularly critical unmet needs
  • The approval process for generic drugs after market exclusivity of a branded drug has elapsed

Syllabus

week 1
the importance of research and development in pharma
drug regulation: what is a drug?
the identification of unmet medical needs
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distinctions between drug discovery and drug development
the role of key scientific questions and a drug’s target product profile
stages of clinical trials
the cost of bringing a new drug to market
intellectual property and drugs
drug patents
generic vs. branded drugs
biologic drugs and biosimilars
the importance of early identification of weak drug programs
US FDA drug approval pathways
roles of academia and biotech in drug discovery and development
research pipelines of major pharmaceutical companies
week 2
week 3

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Examines regulatory and economic dimensions of pharmaceutical drug research and development
Taught by Erland Stevens, known for his expertise in pharmaceutical sciences
Covers clinical trials, intellectual property, and drug approval processes
Suitable for learners with an interest in pharmaceutical industry dynamics
Requires no prior knowledge or experience in the subject matter
Provides pathways for both self-paced and accelerated learning

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Innovate & Regulate: Drug Research, Costs, Clinical Trials & Approval with these activities:
Read 'The Business of Healthcare Innovation'
Gain insights from a seminal work on healthcare innovation.
Show steps
  • Read the book and take notes on key concepts.
  • Identify connections between the book's ideas and the topics covered in the course.
Review Relevant Skills
Brush up on foundational knowledge to prepare for the course.
Browse courses on Drug Regulation
Show steps
  • Review principles of drug regulation and safety.
  • Research the history of pharmaceutical industry.
  • Explore different aspects of drug development.
Organize Course Materials
Keep course materials well-organized for easy reference.
Show steps
  • Create a system for organizing notes, assignments, and other course materials.
  • Review materials regularly to reinforce learning.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Track Pharmaceutical News
Stay abreast of industry developments related to the course.
Show steps
  • Identify reputable sources for pharmaceutical news.
  • Set up alerts for news related to the topics covered in the course.
  • Regularly review news articles and make notes on key findings.
Attend Industry Conferences
Connect with professionals in the field.
Show steps
  • Identify relevant industry conferences or events.
  • Register for the events and make connections with attendees.
  • Attend presentations and engage in discussions related to course topics.
Analyze Drug Case Studies
Reinforce concepts through real-world examples.
Browse courses on Clinical Trials
Show steps
  • Identify case studies related to the topics covered in the course.
  • Analyze the case studies for key concepts such as drug development, regulatory approval, and market dynamics.
  • Write summaries or presentations based on the analysis.
Write a Blog or Article
Deepen understanding by explaining concepts to others.
Show steps
  • Choose a specific topic related to the course.
  • Research and gather information from credible sources.
  • Write a well-structured blog post or article that presents the topic in a clear and engaging manner.
Develop a Drug Development Plan
Apply knowledge to a practical project.
Browse courses on Drug Discovery
Show steps
  • Choose a hypothetical or real-world medical condition.
  • Research existing treatments and identify unmet medical needs.
  • Develop a comprehensive plan outlining the drug development process, including timelines, milestones, and potential risks.
  • Present the plan to peers or industry professionals for feedback.

Career center

Learners who complete Innovate & Regulate: Drug Research, Costs, Clinical Trials & Approval will develop knowledge and skills that may be useful to these careers:
Biostatistician
Biostatisticians are responsible for designing and analyzing clinical trials, which are essential for ensuring the safety and efficacy of new drugs. This course provides a comprehensive overview of the clinical trial process, including the different stages of trials, the types of data collected, and the statistical methods used to analyze the data. This knowledge would be invaluable for biostatisticians, who need to be able to design and analyze clinical trials in order to provide accurate and reliable data to support drug development.
Drug Safety Associate
Drug Safety Associates are responsible for monitoring the safety of new drugs after they have been approved for marketing. This course provides a comprehensive overview of drug safety, including the different types of adverse events, the methods used to monitor drug safety, and the regulatory requirements for reporting adverse events. This knowledge would be essential for Drug Safety Associates, who need to be able to monitor the safety of new drugs and ensure that they are safe for use.
Clinical Research Associate
Clinical Research Associates (CRAs) are responsible for managing clinical trials, ensuring that they are conducted in accordance with Good Clinical Practice (GCP) guidelines. This course provides a detailed overview of the clinical trial process, including the different stages of trials, the roles and responsibilities of CRAs, and the regulatory requirements for conducting clinical trials. This knowledge would be essential for CRAs, who need to be able to manage clinical trials effectively and ensure that they are conducted in accordance with GCP guidelines.
Health Economist
Health economists are responsible for evaluating the cost-effectiveness of new drugs and other health care interventions. This course provides a broad overview of health economics, including the different methods used to evaluate cost-effectiveness, the factors that influence the cost-effectiveness of new drugs, and the policy implications of cost-effectiveness analysis. This knowledge would be invaluable for health economists, who need to be able to evaluate the cost-effectiveness of new drugs and other health care interventions.
Medical Writer
Medical writers are responsible for writing a variety of documents related to new drugs, including clinical trial protocols, investigator brochures, and patient information leaflets. This course provides a comprehensive overview of medical writing, including the different types of medical writing documents, the style and structure of medical writing, and the regulatory requirements for medical writing. This knowledge would be essential for medical writers, who need to be able to write clear, accurate, and compliant medical writing documents.
Physician Assistant
Physician Assistants (PAs) are responsible for providing a variety of health care services, including diagnosing and treating illnesses, prescribing medications, and performing minor surgeries. This course provides a comprehensive overview of the medical field, including the different types of medical specialties, the different roles of health care professionals, and the ethical issues involved in health care. This knowledge would be invaluable for PAs, who need to be able to provide safe and effective patient care.
Toxicologist
Toxicologists are responsible for evaluating the safety of new drugs and other chemicals. This course provides a comprehensive overview of toxicology, including the different types of toxicology tests, the different methods used to evaluate toxicity, and the regulatory requirements for toxicology testing. This knowledge would be essential for Toxicologists, who need to be able to evaluate the safety of new drugs and other chemicals.
Pharmacist
Pharmacists are responsible for dispensing medications and providing information about medications to patients. This course provides a broad overview of pharmacology, including the different types of drugs, the mechanisms of action of drugs, and the adverse effects of drugs. This knowledge would be invaluable for pharmacists, who need to be able to understand the pharmacology of drugs in order to provide safe and effective medication therapy.
Sales Representative
Sales Representatives are responsible for selling new drugs to physicians and other health care professionals. This course provides a comprehensive overview of sales, including the different types of sales techniques, the different types of sales presentations, and the different types of sales materials. This knowledge would be invaluable for Sales Representatives, who need to be able to sell new drugs effectively to physicians and other health care professionals.
Regulatory Affairs Specialist
Regulatory Affairs Specialists are responsible for ensuring that new drugs are developed and marketed in accordance with regulatory requirements. This course provides a comprehensive overview of regulatory affairs, including the different types of regulatory requirements, the process of submitting a new drug application, and the post-market surveillance of new drugs. This knowledge would be essential for Regulatory Affairs Specialists, who need to be able to ensure that new drugs are developed and marketed in accordance with regulatory requirements.
Quality Assurance Associate
Quality Assurance Associates may work in the pharm sector. This course provides a broad overview of quality assurance, including the different types of quality assurance, the different types of quality assurance tools, and the regulatory requirements for quality assurance. This knowledge would be invaluable for Quality Assurance Associates, who need to be able to ensure that products and processes meet quality standards.
Data Analyst
Data Analysts may work in the pharm sector. This course provides a broad overview of data analysis, including the different types of data analysis, the different types of data analysis tools, and the regulatory requirements for data analysis. This knowledge would be invaluable for Data Analysts, who need to be able to collect, analyze, and interpret data.
Chemical Engineer
Chemical Engineers may work in the pharm sector. This course provides a broad overview of chemical engineering, including the different types of chemical engineering, the different types of chemical processes, and the regulatory requirements for chemical processes. This knowledge would be invaluable for Chemical Engineers, who need to be able to design, develop, and operate chemical processes.
Biomedical Engineer
Though the name does not explicitly include the pharm sector, biomedical Engineers may also work in this field. This course provides a broad overview of biomedical engineering, including the different types of biomedical engineering, the different types of biomedical devices, and the regulatory requirements for biomedical devices. This knowledge would be invaluable for Biomedical Engineers, who need to be able to design, develop, and test biomedical devices.
Statistician
Statisticians may work in the pharm sector. This course provides a broad overview of statistics, including the different types of statistics, the different types of statistical methods, and the regulatory requirements for statistics. This knowledge would be invaluable for Statisticians, who need to be able to collect, analyze, and interpret data.

Reading list

We've selected 13 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Innovate & Regulate: Drug Research, Costs, Clinical Trials & Approval.
Provides a detailed overview of the drug discovery and development process. It covers the steps involved in identifying new drug targets, designing and synthesizing new compounds, and testing and evaluating new drugs in clinical trials.
Provides a comprehensive overview of the business of healthcare innovation. It covers the different types of healthcare innovations, the challenges involved in bringing new innovations to market, and the impact of healthcare innovation on patients and the healthcare system.
Provides a framework for understanding the challenges of innovation in large organizations. It explains why large organizations often fail to innovate and offers a set of strategies for overcoming these challenges.
Provides a practical guide to design thinking, a human-centered approach to innovation that can be used to solve a wide range of problems.
Provides a practical guide to the lean startup methodology, a process for developing new products and services that can be used to test and validate ideas quickly and cheaply.
Provides a collection of essays on the challenges of building and running a successful technology company. It offers practical advice on topics such as hiring, firing, fundraising, and product development.
Provides a framework for thinking about innovation and building a successful business. It argues that successful businesses are built on unique insights and that it is important to focus on creating something new rather than copying what others are doing.
Provides a critical look at the efficient market hypothesis, which states that the stock market is always rational and efficient. It argues that the market is often irrational and that investors can make money by understanding the psychological biases that drive market behavior.
Provides a framework for understanding and dealing with rare events that have a major impact. It argues that these events are more common than we think and that we need to be prepared for them.
Provides a practical guide to the lean enterprise methodology, a process for improving the speed, quality, and cost of product development. It offers practical advice on topics such as waste reduction, process improvement, and team collaboration.
Provides a practical guide to the Six Sigma methodology, a process for improving the quality of products and services. It offers practical advice on topics such as process mapping, data analysis, and quality control.
Provides a practical guide to the Toyota Production System, a manufacturing philosophy that focuses on waste reduction, continuous improvement, and customer satisfaction. It offers practical advice on topics such as lean manufacturing, just-in-time production, and kaizen.

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