From
sfgate.com - The Obama administration has become so concerned about the slowing pace of new drugs coming out of the pharmaceutical industry that officials have decided to start a billion-dollar government drug development center to help create medicines. The National Institutes of Health has traditionally focused on basic research. But the drug industry's research productivity has been declining for 15 years, "and it certainly doesn't show any signs of turning upward," said Dr. Francis Collins, director of the institutes. The job of the new center, to be called the National Center for Advancing Translational Sciences, is akin to that of a home seller who spruces up properties to attract buyers in a down market. In this case, the center will do as much research as it needs to do so that it can attract drug company investment.
"None if this intended to be competitive with the private sector," Collins said. "The hope would be that any project that reaches the point of commercial appeal would be moved out of the academic support line and into the private sector." More
here
Obama Administration Creates Billion Dollar Government Run Drug Company
From sfgate.com - The Obama administration has become so concerned about the slowing pace of new drugs coming out of the pharmaceutical industry that officials have decided to start a billion-dollar government drug development center to help create medicines. The National Institutes of Health has traditionally focused on basic research. But the drug industry's research productivity has been declining for 15 years, "and it certainly doesn't show any signs of turning upward," said Dr. Francis Collins, director of the institutes. The job of the new center, to be called the National Center for Advancing Translational Sciences, is akin to that of a home seller who spruces up properties to attract buyers in a down market. In this case, the center will do as much research as it needs to do so that it can attract drug company investment. "None if this intended to be competitive with the private sector," Collins said. "The hope would be that any project that reaches the point of commercial appeal would be moved out of the academic support line and into the private sector." More here
Posts
1 comments:
Imagine that, drug companies have folded up their research tents because idiots like Al Gore decided to limit the time they could protect patents on newly developed medicines. I remember 15 years ago when the drug companies were demonized for their profits and industry experts predicted the drug companies would stop innovating. Darn, I hate it when they're always right. So now the government wants to get into the R&D business? My God! The government can't even run the post office efficiently. Instead of calling it the National Center for Advancing Translational Sciences they should call it the National Center for Transitioning Money Into Nothing. How comical is it for Collins to be quoted as saying this isn't intended to COMPETE with the private sector? No kidding? The government couldn't make aspirin let alone develop new state of the art medicines.
Post a Comment