Measuring Stem Cell Researchers’ Productivity
As an economist, being traditionally concerned about the efficient use of scarce resources, I’ve always been intrigued by the concept of measuring productivity in research leading to innovation. So I was uniquely pleased to see Fiona Murray’s perspective represented at the Boston Stem Cell Summit, which was held Oct. 2-3, 2007.
Fiona said that throughout America’s scientific past: there has been "resistance to the idea of studying scientists". The prevailing notion was to "just throw money at them ( for their research) cause they are very special people". So she decided "to study how science is organized, and if scientists are working in the most productive way".
To do this Fiona decided to "learn from the different models ( for stem cell research) that are going on around the world". One particularly successful model was instituted by the "Monash Angels". Agreements to share stem cell research before publication, were very conducive to speeding up the research. Private Investor funded research like that of the Monsah Angels proved to be very productive. The EU is also imposing the need to work together on stem cell research.
The next day, in a later session about attracting venture capital for stem cell research work, Doug Fambrough of Oxford Bioscience Partners, said that the model of pharmaceutical companies buying out biomed companies after successful stage 1 clinical trials, is going to be replaced by fast tracking small scale clinical trials for stem cell research through stages 1,2, and 3, to quickly provide proof of concept in humans.
Following this, there were concurrent sessions focusing on the latest advancements and challenges for stem cell research towards the understanding and treatment of Diabetes, Parkinson’s, ALS and Neurological Disorders, Spinal Cord Injury and Paralysis and Cancer. In the Spinal cord injury session Dr. Kessler mentions Dr. Young’s large scale umbilical cord stem cell clinical trials palnned in China, and says they are "doomed to fail". A lot more needs to be learned and simply delivering stem cells isn’t the way to go.
My comment on is that I have long held concerns about Dr. Young’s $50 million China spinal cord injury trials, as he has previously engaged in large US clinical trials for spinal cord injury that though published, were later found to have manipulated statistics to show efficacy of methylprednisolone where none may have existed. Economists have long coined a truism that if you torture statistics long enough, they’ll confess to just about anything. I sure hope the China clinical trials using umbilical cord blood stem cells are not going to show a similar "concocted" minor improvement. Mostly I fear hope is being mis-directed by a "well-known" scientist, which I find even more reprehensible than when "experimental" treatments are being offered overseas.
Most consumers of these "experimental" treatments offered overseas, are fully aware not to expect major results.

