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Temporal Layering: How past, future and present intersect in the valuation of pharmaceutical innovation

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Abstract
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We investigate how temporality matters in processes of valuation. Taking our empirical point of departure in the case of a novel gene therapy that has been the centre of a heated pricing debate, we explore how the ‘goodness’ of such a pharmaceutical good was negotiated by researchers, patients, pharmaceutical companies and regulators, and how these negotiations were shaped by the mobilisation of past experiences and future expectations. Seeking to advance the beginning of an analytical sensitivity to temporality in valuation studies, we develop the notion of ‘temporal layering’. We argue that moments of valuation consist of multiple ‘temporal layers’ where select past experiences and future expectations are rendered visible – or left obscure – depending on how these layers are drawn upon in valuation struggles and by whom. Thus, what is at stake in determining the ‘good’ in particular moments of valuation is not just a contest over certain qualities or ways to evaluate an object, but also over which (particular layers of) pasts and futures come to count. We suggest that such fine-grained temporal analysis can provide new openings to questions of valuation for a wide-ranging array of economic objects, particularly for those situated in contemporary bioeconomies.

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Traditional agenda-setting research often focuses on the most urgent problems that dominate present public agendas. Challenging the prevalent conflation of importance with urgency in agenda-setting research, this article proposes a shift from a singular to a layered temporal conceptualization of public agendas. The suggested framework distinguishes between the immediate agenda, which addresses problems perceived as most urgent, and the delayed agenda, which focuses on issues deemed most important for the future. Enriching agenda-setting theory with insights from construal level theory, the study examines the psychological and media-related factors shaping the placement of topics on these agendas. Drawing upon original survey data and a large-scale news content analysis from the French 2022 Presidential Elections, as well as survey data from the 2023 to 2024 war in Israel and Gaza, the findings provide empirical support for the proposed framework. The results indicate that participants prioritize psychologically proximate issues on the immediate agenda, whereas psychologically distant issues gain importance on the delayed agenda. Additionally, we identify media agenda-setting effects that extend beyond the immediate temporal layer. Specifically, both studies provide evidence for a media priming effect, where news exposure increases issue salience without affecting temporal layering. The Israeli case reveals additional initial evidence for an urgency effect, where news exposure boosts issue salience of some issues primarily on the immediate agenda. Overall, the study contributes to a deeper understanding of public agendas and news media effects, introducing a temporally nuanced perspective that enriches classical approaches to agenda-setting research.

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We provide an overview of the latest developments in cancer gene therapy--from the bench to early-stage clinical trials. We describe the most recent work of worldwide teams including experienced scientists and clinicians, reflecting the recent emergence of gene therapy from the 'Valley of Death'. The treatment efficacy of clinical gene therapy has now been shown in a number of diseases including cancer and we are observing a renewed interest by big pharmaceutical and biotechnology companies most obviously demonstrated by Amgen's acquisition of Biovex for up to USD$1 billion. There is an opportunity to be cautiously hopeful regarding the future of gene therapy in the clinic and we review here some of the most recent progress in the field.

  • Front Matter
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