"Since the mid-1940s, the National Institutes of Health has sent billions of dollars to university researchers whose work has led to the creation of scores of lifesaving treatments for a range of diseases, including cancer, Alzheimer's and heart disease. By one estimate, NIH-funded research was linked to roughly 99 percent of drugs that the U.S. Food and Drug Administration approved between 2010 and 2019."
"But in the case of medical innovation, the impacts are potentially that drugs that might have been invented don't get invented. And if you look backwards, you know what did happen. We can see the world where we didn't follow this policy and provide some suggestive evidence of how that might have changed the history we know."
Since the mid-1940s, the National Institutes of Health has provided billions to university researchers, producing lifesaving treatments for cancer, Alzheimer’s and heart disease. NIH-funded research was linked to about 99 percent of drugs approved by the FDA between 2010 and 2019. A presidential proposal to cut NIH funding by 40 percent could undermine the United States’ ability to sustain global leadership in medical breakthroughs. Key lawmakers have so far resisted such steep reductions, but threats remain. Economists reconstructed a counterfactual by identifying grants in the bottom 40 percent of the funding priority queue and linking those grants to more than half of 21st-century approved drugs.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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