This open access book explores the field of life science business from a multidisciplinary
perspective. Applying statistical mathematical game-theoretic and data science tools to
pharmaceutical and biotechnology business endeavors the book describes value creation value
maintenance and value realization in the life sciences as a sequence of processes using the
quantitative language of applied mathematics. Written by experts from a variety of fields the
contributions illustrate the shift from a deterministic to a stochastic view of the processes
involved offering a new perspective on life sciences economics. The book covers topics such as
valuing and managing intellectual property in life science licensing in the pharmaceutical
business outsourcing pharmaceutical R&D and stochastic modelling of a pharmaceutical supply
chain. The book will appeal to scholars of economics and the life sciences as well as to
professionals in chemical and pharmaceutical industries.
