Biomedicine and Business

Major: Biomedicine and Business
Degree Awarded: Master of Science (MS)
Calendar Type: Semester
Total Credit Hours: 36.0
Classification of Instructional Programs (CIP) code: 26.9999
Standard Occupational Classification (SOC) code: 11-1021

About the Program

Mission Statement

The MS in Biomedicine and Business degree program provides comprehensive training in fundamental aspects of scientific discovery, technology commercialization, and business. The program prepares graduates for management positions in scientifically oriented organizations in the public or private sector (e.g., biotechnology and pharmaceutical industry, academics, government, non-profit organizations). Students develop broad core knowledge in biological sciences and biomedical technology development and commercialization plus finance, economics, and organizational leadership. 

Curriculum

This is an interdisciplinary program offered by the College of Medicine. The science courses are taught by faculty from Drexel University College of Medicine. Faculty from Drexel University's LeBow College of Business teach the business courses. 

  • Non-thesis program (36.0 semester credits needed to graduate)
  • Required and elective courses in each discipline
  • Flexible internship (experiential learning)
  • Customizable plan of study

Format

  • Online (select courses in both disciplines are offered face-to-face on-campus)
  • Accelerated: 1-year MS (full-time) or 2.5 years (part-time)

Full-time and Part-Time Options

Students may meet the degree requirements in either a full-time (at least 9.0 credits per semester) or part-time basis. Full-time students generally complete the program in one year. Part-time students must complete the program within six years. Students must enroll in at least 4.5 semester credits of College of Medicine courses to qualify for financial aid. For information regarding financial aid, please visit Drexel Central

Program Contact Information

For questions about the curriculum and program goals, please contact one of the Program Directors:

For questions about how to apply to the program, please contact an enrollment counselor at duonline@drexel.edu or visit the Drexel University Online MS in Biomedicine and Business web page.

For information regarding financial aid, please visit Drexel Central

Admission Requirements

Post-college applicants must have completed a four-year degree program. An undergraduate degree in science is preferred but not required. Although a minimum cumulative grade point average (GPA) of 3.0 is strongly desired, an applicant with a lower cumulative GPA will be considered if other strengths are apparent in the application.

Applicants must also fulfill the following requirements for consideration:

  • Official transcripts from all colleges and universities attended
  • Essay/Personal statement
  • Resume
  • References from at least three instructors or professionals

Official test scores from graduate and professional admission exams, such as the Graduate Record Examination (GRE), Graduate Management Admission Test (GMAT), Law School Admission Test (LSAT), or Medical College Admission Test (MCAT), are optional but highly desirable.

International applicants (non-United States citizens) must meet the same requirements for admission as students from the United States. Applicants whose native language is not English must demonstrate the ability to speak, write, and understand the English language by submitting an acceptable score on the Test of English as a Foreign Language (TOEFL). IELTS scores may be submitted in lieu of TOEFL scores. An evaluation by World Education Services (WES) is required for transcripts from institutions outside the United States. 

Online applications are accepted all year round for consideration for either fall or spring admission. Students may defer admission by one year. All admission decisions are made at the College of Medicine.

Program Contact Information

For questions about the curriculum and program goals, please contact one of the Program Directors:

For questions about how to apply to the program, please contact an enrollment counselor at duonline@drexel.edu or visit the Drexel University Online MS in Biomedicine and Business web page.

For information regarding financial aid, please visit Drexel Central

Degree Requirements

Science courses are offered by Drexel University College of Medicine and are taught in semester terms (fall and spring). Business courses are offered by LeBow College of Business and are taught face-to-face in quarter terms (fall, winter, spring, and summer).  

Three (3.0) credit quarter courses confer the equivalent of 2.0 semester credits. The program requires the completion of 36.0 semester credits for graduation. Semesters and quarters overlap sufficiently to allow full-time students to meet the degree requirements for this program in two years. 

There are several ways to customize the internship or experiential learning component (2.0 - 6.0 semester credits) so that it satisfies both the degree requirements and, especially, the student’s own personal needs and career aspirations. The duration of the internship may vary. Shorter rotations may require that the student enrolls in elective courses to meet the semester credit requirements for the degree.

Required Courses
Science
MIIM 503SBiomedical Ethics2.0
or IDPT 500S Responsible Conduct of Research
MIIM 518SFoundations of Applied Biomedicine *3.0
MIIM 519SCommercialization of Biomedical Technology **3.0
MIIM 631SBiomedical Innovation Development and Management5.0
Business ***
ACCT 510Essentials of Financial Reporting2.0
MGMT 510Business Problem Solving3.0
MGMT 530Managing and Leading the Total Enterprise2.0
Elective Courses
Choose at least 1 program-specific science elective and at least 2 business electives
Science, Program-Specific (Choose at least 1, but more than 1 is recommended)
Applied Statistics for Biomedical Sciences
Biostatistics I
Biomedicine Seminar
Experiential Learning
Biomedical Career Explorations
Special Topics in Microbiology & Immunology
Science, Clinical Research
Emerging Trends in Medical Device History
The History of Misconduct in Biomedical Research
Business Processes and Contemporary Concerns in Pharmaceutical R & D
World Wide Regulatory Submissions
Intro to Clinical Trials
Scientific Writing and Medical Literature
Current Federal Regulatory Issues in Biomedical Research
Pharmaceutical Law
Compliance & Monitoring Issues
Designing the Clinical Trial
Science, Basic Science & Research
Biotechniques I: Molecular and Genomic Methods
Biotechniques II: Immunological Methods
Fundamentals of Molecular Medicine I
Concepts in Biomedicine I
Fundamentals of Molecular Medicine II
Concepts in Biomedicine II
Molecular Medicine Journal Club II
Molecular Medicine Journal Club I
Viruses and Viral Infections
Bacteria and Bacterial Infections
Mycology and Fungal Infections
Parasitology and Parasitic Diseases
Introduction to Infectious Diseases
Introduction to Immunology
Microbiology and Immunology Seminar
Emerging Infectious Diseases
Clinical Correlations in Infectious Disease
Business (Choose at least 2, but more are recommended) ***
Managerial Accounting
Business Consulting Projects
Managerial Economics
Business & Economic Strategy: Game Theory & Applications
Corporate Financial Management
International Business Management
Database Analysis and Design for Business
Corporate Brand & Reputation Management
Negotiations for Leaders
Operations Management
Datamining for Managers
Entrepreneurship ***
Learning from Failure
Innovation & Ideation
Innovation in Established Companies

Sample Plans of Study

To learn more about part-time options, please contact a Program Director:  

Sample Plans of Study

These are samples of customizable plans of study. Variations may occur depending on course availability and each student's interest. 

Full-Time, Fall Start*

First Year
FallCredits
Required Course(s) 
MIIM 518SFoundations of Applied Biomedicine3.0
ACCT 510Essentials of Financial Reporting2.0
MGMT 530Managing and Leading the Total Enterprise2.0
Elective Course(s) 
CR 525SScientific Writing and Medical Literature3.0
 Term Credits10.0
Spring
Required Course(s) 
MIIM 503SBiomedical Ethics2.0
MIIM 519SCommercialization of Biomedical Technology3.0
MGMT 510Business Problem Solving3.0
Elective Course(s) 
FIN 601Corporate Financial Management3.0
 Term Credits11.0
Summer
Elective Course(s) 
MIIM 605SExperiential Learning6.0
MIIM 645SBiomedical Career Explorations2.0
ECON 601Managerial Economics3.0
 Term Credits11.0
Second Year
Fall
Required Course(s) 
MIIM 631SBiomedical Innovation Development and Management5.0
Elective Course(s) 
MIIM 550SBiomedicine Seminar3.0
ORGB 510Leading in Dynamic Environments 2.0
 Term Credits10.0
Total Credit: 42.0

Full-Time, Spring Start**

First Year
Spring
Required Course(s) 
MIIM 503SBiomedical Ethics2.0
MIIM 519SCommercialization of Biomedical Technology3.0
MGMT 510Business Problem Solving3.0
Elective Course(s) 
CR 501SEmerging Trends in Medical Device History3.0
 Term Credits11.0
Summer
Required Course(s) 
MIIM 518SFoundations of Applied Biomedicine3.0
Elective Course(s) 
MIIM 645SBiomedical Career Explorations2.0
CR 515SIntro to Clinical Trials3.0
ECON 601Managerial Economics3.0
 Term Credits11.0
Second Year
Fall
Required Course(s) 
ACCT 510Essentials of Financial Reporting2.0
MGMT 530Managing and Leading the Total Enterprise2.0
Elective Course(s) 
MIIM 550SBiomedicine Seminar3.0
MIIM 605SExperiential Learning4.0
 Term Credits11.0
Spring
Required Course(s) 
MIIM 631SBiomedical Innovation Development and Management5.0
Elective Course(s) 
BUSN 715Business Consulting Projects3.0
 Term Credits8.0
Total Credit: 41.0

Part-Time, Fall Start***

First Year (Part-Time)
FallCredits
Required Course(s) 
MIIM 518SFoundations of Applied Biomedicine3.0
MGMT 530Managing and Leading the Total Enterprise2.0
Elective Course(s) 
CR 525SScientific Writing and Medical Literature3.0
 Term Credits8.0
Spring
Required Course(s) 
MIIM 503SBiomedical Ethics2.0
MIIM 519SCommercialization of Biomedical Technology3.0
MGMT 510Business Problem Solving3.0
 Term Credits8.0
Summer
Elective Courses 
MIIM 605SExperiential Learning4.0
MIIM 645SBiomedical Career Explorations2.0
ECON 601Managerial Economics3.0
 Term Credits9.0
Second Year (Part-Time)
Fall
Elective Course(s) 
MIIM 550SBiomedicine Seminar3.0
CR 515SIntro to Clinical Trials3.0
ORGB 510Leading in Dynamic Environments 2.0
 Term Credits8.0
Spring
Required Course(s) 
MIIM 631SBiomedical Innovation Development and Management5.0
ACCT 510Essentials of Financial Reporting2.0
Elective Course(s) 
BUSN 715Business Consulting Projects3.0
 Term Credits10.0
Total Credit: 43.0

Part-Time, Spring Start**** 

First Year (Part-Time)
Spring
Required Course(s) 
MIIM 519SCommercialization of Biomedical Technology3.0
MIIM 503SBiomedical Ethics2.0
MGMT 510Business Problem Solving3.0
 Term Credits8.0
Summer
Required Course(s) 
MIIM 518SFoundations of Applied Biomedicine3.0
Elective Course(s) 
MIIM 645SBiomedical Career Explorations2.0
STAT 510Introduction to Statistics for Business Analytics2.0
 Term Credits7.0
Second Year (Part-Time)
Fall
Required Course(s) 
MGMT 530Managing and Leading the Total Enterprise2.0
Elective Course(s) 
MIIM 550SBiomedicine Seminar3.0
CR 525SScientific Writing and Medical Literature3.0
 Term Credits8.0
Spring
Required Course(s) 
BUSN 502*Essentials of Economics3.0
Elective Course(s) 
MIIM 605SExperiential Learning2.0-6.0
 Term Credits5.0-9.0
Summer
Required Course(s) 
MIIM 631SBiomedical Innovation Development and Management5.0
Elective Course(s) 
ACCT 601Managerial Accounting3.0
 Term Credits8.0
Total Credit: 36.0-40.0

Program Goals

Upon completion of the degree requirements of this program students would have achieved the following program-level goals:

1. Develop core knowledge in biological sciences, technology development and commercialization
2. Gain understanding of finance, economics, management and organization leadership
​3. Apply business expertise to evaluate the process of delivering biomedical products to market
4. Develop skills to identify and evaluate professional ethical dilemmas and appropriate solutions
5. Strengthen communication, leadership, and soft-skills (e.g., teamwork, problem-solving, knowledge of career opportunities, networking)

Drexel Student Learning Priorities (DSLPs)

In the course of meeting these program-level goals, students would have also made progress in all of Drexel’s Student Learning Priorities (DSLPs) to help them build their future:

Core Intellectual and Practical Skills:

  • Communication
  • Creative and critical thinking
  • Ethical reasoning
  • Information literacy
  • Self-directed learning

Experiential and Applied Learning:

  • Global competence
  • Leadership
  • Professional practice
  • Research, scholarship and creative expression
  • Responsible citizenship
  • Schedule of Classes
  • All Course Descriptions
  • Co-op
  • Academic Advising
  • Admissions
  • Tuition & Fees
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