4 ms·
Get your stats right, do your research before you comment. Pharmaceutical research in the US 2005 34.8B USD federal funds 41M USD. Thats less than 0.12%. http
by marcus 19y ago
Get your stats right, do your research before you comment.
Pharmaceutical research in the US 2005 34.8B USD federal funds 41M USD. Thats less than 0.12%.
http://www.nsf.gov/statistics/infbrief/nsf07335/ http://www.nsf.gov/statistics/infbrief/nsf07335/
- scw 19y agoThe NSF isn't the primary fund granting organization for medical research, the NIH is -- with a funding level (28.7B) that eclipses the NSF (5.9B). In 2003, NIH is estimated to have funded 28% of the overall medical investigation costs: http://www.medpagetoday.com/PublicHealthPolicy/HealthPolicy/tb/1767 http://www.medpagetoday.com/PublicHealthPolicy/HealthPolicy/... Pharmaceutical research in all likelyhood includes the cost of bringing drugs to market, currently around $800M per drug. Because of this high barrier, much of the Pharma energy goes into 'me too' drugs of a higher risk/reward ratio, again inflating the true spending on new research: http://freakonomics.blogs.nytimes.com/2008/01/24/what-dont-we-know-about-the-pharmaceutical-industry-a-freakonomics-quorum/ http://freakonomics.blogs.nytimes.com/2008/01/24/what-dont-w...
- marcus 19y agoYes the NIH is a major source of funding for pharma, although not as big as you think, medical investigation includes a lot that is not pharmaceutical research The me-too phenomena is a problem but only because of two factors, pressure by pharma reps and the fact that the US is the only country I ever heard of that allows advertising of non over-the-counter meds.