Beta
×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

US medical research down, asia up, sequester hits NIH

nbauman (624611) writes | about 8 months ago

0

nbauman (624611) writes "Once, the U.S. paid for 70-80% of the world's medical research. Now it's down to 45%. Asia is up to 24%, according to an analysis in the New England Journal of Medicine. Europe is steady at 29%.

U.S. spending on biomedical research fell from $131 billion in 2007 to $119 billion in 2012. This decline was driven almost entirely by reduced investment by industry, not the public sector. But sequestration of NIH funding will exacerbate this reduction.

The Budget Control Act of 2011 cut the NIH budget for FY 2013 by $1.7 billion, to $29.2 billion — a 5.5% reduction. Federal funding for biomedical research has been declining since 2003.

Meanwhile, Japan increased spending by $9 billion and China increased by $6.4 billion. China has the highest annual growth rate of biomedical research in the world, at 32.8% per year.

One reason for this decline may be that research is cheaper in Asia, with lower-cost labor and greater government subsidies. Conversely, FDA approval has become more expensive in the U.S.

The data suggests that industry may simply be reallocating R&D funding to Asia-Oceana. The authors say, "the lack of a coordinated national biomedical R&D strategy is disappointing.""

Link to Original Source

cancel ×

0 comments

Sorry! There are no comments related to the filter you selected.

Check for New Comments
Slashdot Login

Need an Account?

Forgot your password?

Submission Text Formatting Tips

We support a small subset of HTML, namely these tags:

  • b
  • i
  • p
  • br
  • a
  • ol
  • ul
  • li
  • dl
  • dt
  • dd
  • em
  • strong
  • tt
  • blockquote
  • div
  • quote
  • ecode

"ecode" can be used for code snippets, for example:

<ecode>    while(1) { do_something(); } </ecode>