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Researchers Funded By The Pancreatic Cancer Action Network Leverage $9.15 Million Investment By The Organization Into $91 Million In Subsequent Pancreatic Cancer Research Funding
Date:5/15/2013

MANHATTAN BEACH, Calif., May 15, 2013 /PRNewswire/ -- A rigorous analysis of the Pancreatic Cancer Action Network research grants program has shown that the organization's grant recipients are leveraging their awards to secure impressive subsequent funding, publishing their findings, and enhancing knowledge about the disease. The organization evaluated their research grants program by looking at grants awarded from 2003-2011. During that time, 66 grants were awarded totaling $9.15 million. The evaluation found that the scientists funded during that time were able to leverage the organization's $9.15 million investment into $91 million in subsequent pancreatic cancer research funding.

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Upon further analysis of the $91 million leveraged by Pancreatic Cancer Action Network grant recipients, the results show that almost 58 percent of the funds came from federal sources, with 92 percent of that sum coming from the National Cancer Institute (NCI).  This statistic indicates why the Pancreatic Cancer Action Network's advocacy efforts are so important and why the organization's herculean efforts to pass the Recalcitrant Cancer Research Act were vital.  The bill which was signed into law by President Obama on January 2, 2013 will ensure that the NCI creates a scientific framework for pancreatic cancer to accelerate progress and improve patient outcomes.

The remaining 42 percent of leveraged research dollars secured by Pancreatic Cancer Action Network grantees came from private sources, illustrating why the organization's efforts to raise private research dollars are also extremely important. The grant recipients chosen each year understand the importance of both federal and private funding. Investment in Pancreatic Cancer Action Network builds the pool of private fund
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SOURCE Pancreatic Cancer Action Network
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