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This book brings together a range of academic, industry and practitioner perspectives on translational medicine (TM) to significantly enhance conceptual and practical understanding of the emergence and progress of the field and its potential impact on basic research, therapeutic development, and institutional infrastructure/resources. In recognition of the various implications TM has for public health policy and commercial innovation, this cutting-edge, interdisciplinary book addresses the major systemic aspects of the field. This is important, because rather than focus simply on the basic science and its relation to clinical practice, the chapters in this book explore the dynamic interactions and key challenges in translating new science into viable therapies for the clinic, which crucially includes the recognition of the importance of social, commercial, and regulatory environments in addition to good science.