Navigation Links
U.S. Invests $9.3 Billion in Research to Improve Health Globally
Date:10/4/2007

Eight Percent of U.S. Health Research Spending Goes to Global Health

ASPEN, Colo., Oct. 4 /PRNewswire-USNewswire/ -- Public and private sources in the U.S. invested $9.3 billion last year in global health research, according to a new report by Research!America. That amount represents 8% of the $116 billion that Research!America estimates U.S. sources spent overall on health research in 2006.

Mary Woolley, Research!America's president, announced the report's findings at the Aspen Health Forum today in Colorado. "From Research!America polls, we know Americans think that investing in global health research is the smart thing to do for America and the right thing to do for the world," she said. "This report reinforces the direction Americans want, to place a higher priority on research to fight and prevent diseases that chiefly affect the world's poorest people."

The report calculates 2006 U.S. investment in research designed to address health conditions that primarily affect the poorest residents of low- and middle-income countries. Funding sources from three sectors -- government, industry and foundations - were as follows:

-- U.S. government:

-- National Institutes of Health -- nearly $5 billion

-- U.S. Agency for International Development -- $152 million

-- Department of Defense -- $64 million

-- Department of State -- $39 million

-- Centers for Disease Control and Prevention -- $32 million

-- Pharmaceutical and biotech companies -- nearly $3.5 billion for

research, exclusive of donations of materials, facilities or

expertise for global health needs

-- Private foundations -- $592 million

"Only with strong, sustained investment in health and medical research can we address the humanitarian, economic and national security concerns within and beyond our borders," said The Honorable John Edward Porter, Research!America board chair and former U.S. Congressman. "Our nation must ramp up investment in global health research to help prevent the emergence and spread of diseases that could endanger American children and families."

About the Report

Research!America compiled the data for this report in consultation with the federal agencies cited, the Pharmaceutical Research and Manufacturers of America, the Foundation Center and the Bill & Melinda Gates Foundation. This report represents Research!America's second estimate of the nation's investment in global health research.

For the past decade, Research!America has tracked and analyzed funding sources that comprise the nation's investment in health research. In August, a separate Research!America report found that U.S. overall spending last year on health research was approximately $116 billion and grew a modest 4.2% from 2005 to 2006, much slower than the 6.8% growth in U.S. health costs.

About Research!America

Research!America is the nation's largest not-for-profit public education and advocacy alliance working to make research to improve health a higher national priority. Its 500 member organizations represent the voices of more than 125 million Americans. To read the global health R&D report, visit http://www.researchamerica.org.

Ms. Woolley is available for further comment.


'/>"/>
SOURCE Research!America
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. IDFC Private Equity Invests Rs 90 Crore In Manipal Health Systems
2. Ontario Government Invests $200 Million on Colorectal Cancer Screening
3. Multi billion-dollar suit filed against cell phone firm for causing brain tumours
4. Healthcare sector is now a multi billion-dollar industry in India
5. Biotechnology industry expected to grow into a three billion dollar industry by 2002
6. European Countries To Fund $4 Billion For Vaccination For Poor Children’
7. Generic Drugs Usage In US Can Save $20 Billion – Express Script Surve
8. $35 billion needed globally for immunization
9. UK Spends ?7.3 Billion Annually On Malnutrition Cost
10. Indonesia urges a grant of $1 billion for bird flu
11. World Bank urges $ 1 billion to fight bird flu
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/19/2017)... ... January 19, 2017 , ... MB Business Capital, ... $11,250,000 senior credit facility to Sunrise, Florida-based Management Health Systems, LLC, dba MedPro ... facilitate a recapitalization of MedPro led by Harren Equity Partners. Brightwood Capital ...
(Date:1/19/2017)... ... 19, 2017 , ... Workrite Ergonomics announced this week the ... privacy panel system was designed to deliver the ideal blend of acoustic and ... provide the visual privacy required to maintain concentration levels and increase productivity. The ...
(Date:1/19/2017)... ... January 19, 2017 , ... Tribble Insurance Agency, a family ... Virginia region, is inaugurating a charity event to honor Chad Phillip Dermyer, a local ... last year, Chad Phillip Dermyer and his fellow officers were conducting routine stops of ...
(Date:1/19/2017)... ... January 19, 2017 , ... For the ... Medicine Associates of Connecticut (RMACT) have earned “Top Doctor” awards. Dr. Mark Leondires, ... Williams have each been chosen by their peers for the 2017 list based ...
(Date:1/19/2017)... ... , ... Sales Focus Inc. (SFI), a Maryland-based sales outsourcing company, announced today ... past 20 years SFI has been recognized as the world’s leader in Intelligent Sales ... the US market. The new clients include: Panacea Pro, Campseekers, Contentmart, Stress Pal, ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... Shire plc (LSE: SHP, NASDAQ: ... and Drug Administration (FDA) has acknowledged receipt of the ... for SHP465, a long-acting, triple-bead, mixed amphetamine salts formulation. ... for Attention-Deficit/Hyperactivity Disorder (ADHD). The FDA is expected to ... the designated Prescription Drug User Fee Act (PDUFA) action ...
(Date:1/19/2017)... -- Pfizer joins Astex, AstraZeneca, GlaxoSmithKline, ...   Major research investment to work ...   The Milner Therapeutics Institute today announces ... partner to the Milner Therapeutics Consortium. Pfizer has agreed ... of materials between industry and academia and allocation of ...
(Date:1/19/2017)... 19, 2017 While various ... about reducing the FDA,s regulatory strictness as a ... medical drug industry, many of the leading biotech ... trials and development of advanced drug treatments and ... recent developments include:  Moleculin Biotech, Inc., (NASDAQ: ...
Breaking Medicine Technology: