PHILADELPHIA Following the passage of the American Recovery and Investment Act of 2009 by Congress, the American Association for Cancer Research praised Republican Senator Arlen Specter of Pennsylvania for his leadership in including a $10 billion investment in the National Institutes of Health (NIH).
"Senator Specter has demonstrated a long-standing commitment to the advancement of biomedical research and to the fight against cancer," said Margaret Foti, Ph.D., M.D. (h.c.), CEO of the American Association for Cancer Research. "Through high courage, leadership and foresight, Senator Specter has helped to secure a vitally needed $10 billion investment in the NIH that will support a new age of discovery and patient care."
Investment in the NIH drives innovation that leads to economic growth and job creation. NIH funds projects at universities, hospitals and research institutions across the country. According to Families USA, every dollar spent on research creates $2.25 in local economic activity. NIH research has fueled the biotechnology economy and has been critical to revolutions in drug discovery and patient care.
In a continuing effort to combat disease and improve public health, the NIH last year awarded 47,000 grants totaling $20.4 billion that supported salaries, equipment and infrastructure across the country. The average NIH research grant supports seven jobs.
An estimated $1.3 billion of the total $10 billion will be used by the National Cancer Institute to support projects aimed at devising new and better ways to combat the more than 200 diseases we call cancer.
"The additional money comes at a propitious time, when so much basic science is ripe for translation to the clinic," said Foti. "We are grateful to Senator Specter for recognizing both the immediate opportunity that increased funding provides and the need for stable support of our nation's scientific enterprises over the long term. These investments in cancer research will save lives and decrease the current $219 billion burden of cancer on our health care system and the economy."
|Contact: Jeremy Moore|
American Association for Cancer Research