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Obama Funds Research Division for New Pharmaceuticals

Medications 29 March 2011 | Comments Off

President Obama is creating a research division for pharmaceutical medications.  While $1 billion does not sound like a huge investment compared to the $45 billion the pharmaceutical industry invests each year for research, it is actually significant.  Much of the research the pharmaceutical industry invests is for “ me- too” drugs, medications that compete in the market place with medications that already do the same thing.  For example, there must be 7 or 8 prescription cortisone nose sprays that basically do the same thing medically.

More significantly, the government can target critical research that might not be commercially viable in the near future.  The National Institute of Health did pharmaceutical research for years.  It was the NIH that developed the first antiretroviral, AZT, to become the first AIDS drug and the prototype for all the AIDS medications to follow.

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