PhRMA issued a statement today that supports President Obama's intent to invest in biomedical research delivered in last night's State of the Union address. In part the PhRMA statement read:
"...The President recognized this crucial point tonight, as he stressed the need for investments in biomedical research. The good news is that this important research is already taking place -- with more than $65 billion invested in R&D by the biopharmaceutical industry in 2009 alone. There is no doubt that innovation is a critical building block for growing the US economy. For this reason, it is important that the Administration and Congress view the biopharmaceutical research sector....as a national health and economic asset."
PhRMA went on to pledge its support in working with the Administration and members of Congress on solutions that would spur the US economy.
Posted by Bruce Lehr Jan 26th 2011.