Tag #Miracle Drugs

What is the primary driver of Larry Summers' prediction of frequent "miracle drug" breakthroughs in the coming years?

Larry Summers, former U.S. Treasury Secretary, predicts that new technologies will lead to a "miracle drug" innovation every couple of years, citing advancements in life sciences. This prediction is based on the recent success of semaglutides, used to treat type 2 diabetes and obesity, which have shown significant commercial success and improved health outcomes.