Navigation Links
Economist honored for study on impact of new cancer drugs on life expectancy
Date:12/2/2010

WASHINGTONDecember 2, 2010The 2010 Garfield Economic Impact Award was presented today to Frank R. Lichtenberg, PhD, of Columbia Business School. Research!America has presented this award since 2002, to recognize the outstanding work of economists who demonstrate how medical and health research impacts the economy. The award is supported by a grant from Merck & Co., Inc., and by the Eugene Garfield Foundation.

The 2010 award recognizes a study by Lichtenberg, published in the journal Economics of Innovation and New Technology. The study shows that new cancer drugs from 1968 to 2004 increased the life expectancy of American cancer patients by almost one year and that the cost of this additional year is less than $7,000 per patient, much lower than previous estimates of what Americans are willing to pay for an additional year of life.

"Greater life expectancy is the most important benefit that patients, and scientists, want to obtain from a new drug for cancer," said Lichtenberg. "That benefit, net of the drug's cost, represents the real value of cancer drug research investment."

Research!America's chair, former Congressman John Edward Porter (R-IL), said, "I congratulate Professor Lichtenberg on his outstanding work. He, like previous Garfield recipients, is building a base of evidence about the economic value of medical research and helping to measure the nation's return on our investment in medical and health research."

The 2010 Garfield Award was presented at the Hart Senate Office Building in Washington, DC, by Porter and Eugene Garfield, PhD, founding editor and president of The Scientist, and founding benefactor of the award. The ceremony was followed by a panel discussion featuring Lichtenberg; John Seffrin, PhD, CEO of the American Cancer Society; and former Garfield recipient Sherry Glied, PhD, assistant secretary for planning and evaluation at the U.S. Department of Health & Human Services. David Leonhardt, "Economic Scene" columnist for The New York Times, moderated the discussion. Senator Charles E. Schumer (D-NY) was the honorary congressional host.

Mary Woolley, president and CEO of Research!America, said, "We are pleased to honor Professor Lichtenberg, an exemplary economist whose pioneering work is advancing the field of economics and the understanding of the impact of medical research on the economy. I encourage other economists to follow his example and explore this very important but under-developed field."

About the 2010 Recipient

Lichtenberg is the Courtney C. Brown Professor of Business at Columbia Business School, Columbia University. His research has examined how the introduction of new technology arising from research and development affects the productivity of companies, industries and nations. He previously taught at Harvard University and the University of Pennsylvania and has worked for U.S. government agencies, including the Department of Justice and Congressional Budget Office. His articles have been published in numerous scholarly journals and general news outlets.


'/>"/>

Contact: Eva Maciejewski
emaciejewski@researchamerica.org
571-482-2712
Research!America
Source:Eurekalert

Related medicine news :

1. Douglas A. Jabs, M.D., honored with Jackson Memorial Lecture by the American Academy of Ophthalmology
2. Early transcatheter valve recipient honored with Courageous Patient Award at TCT 2010
3. Free For All Honored for Explosive Growth, 2007 – 2009
4. MedStar Hospitals Honored at Obstetric Care Conference: The Third Annual PeriGen Knowledge Summit
5. NAMI Medical Director Honored with APA Patient Advocacy Award; Appears in CNN Health and Huffington Post Columns
6. Johns Hopkins provost honored with international award
7. Lenox Hill Hospital Honored at Obstetric Care Conference: The Third Annual PeriGen Knowledge Summit
8. ABBY Winners Announced & Honored with 2010 Innovations in Healthcare(SM) Awards
9. Founder of the LEAP Foundation to be Honored for Haiti Aid Efforts at The Aesthetic Meeting 2010
10. PNNLs Posakony honored with AAES 2009 John Fritz Medal
11. Experts honored at EAU opening ceremony
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... ... ... New Brunswick, New Jersey: This year marks Children’s Specialized Hospital ’s 125th ... the anniversary, the hospital has themed the milestone “Hats Off” and kicked off the ... on Saturday, May 21, at Johnson Park in Piscataway, New Jersey. , ...
(Date:5/24/2016)... — , ... (PRWEB) ... of three new members of its Advisory Board. Joining the ... Sarah Kusch. “All three of them embody the mission of our ... are very fortunate to have them as we continue to expand ...
(Date:5/24/2016)... ... ... Boyd Industries, a leading supplier of dental chairs and cabinetry , will ... dentistry , at AAPD 2016, the annual conference and trade show of the American ... keeps dental hand pieces and other anxiety-provoking pieces of the dental delivery system out ...
(Date:5/24/2016)... Angeles, CA (PRWEB) , ... May 24, 2016 ... ... to everything egg freezing, today announced the official relaunch of its community and ... use their frozen eggs. Eggsurance's mission is to create a safe and welcoming ...
(Date:5/24/2016)... Maryland (PRWEB) , ... May 24, 2016 , ... ... announced the appointment of Jonathan (Jon) Otterstatter to its board of ... is a proven leader in the development of technological innovations that lead to ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... , May 23, 2016 ... titled, " Exocrine Pancreatic Insufficiency Market - Global Industry ... 2023 ." According to the report, the exocrine pancreatic ... of 8.3% from 2015 to 2023 to reach US$2.85 ... is a condition characterized by the deficiency of the ...
(Date:5/23/2016)... -- The World Health Organization (WHO) expanded the Intended Use ... aged 13 years, and above. Effective immediately, the PrePex device, ... adolescent males in the 14 priority countries in Southern and ... male circumcision device to receive WHO Prequalification on 31 May ... said: " The expanded use of PrePex for ...
(Date:5/23/2016)... 23, 2016 Gamida Cell, a ... of cancer and orphan genetic diseases, announced today it ... million from the Israel Innovation Authority (formerly the Office ... Economy and Industry. The mission of the Israel Innovation ... industries, including science and technology, while stimulating economic growth. ...
Breaking Medicine Technology: