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21st Century Cures: What's Next for Colorado?

DENVER, Colo. – The biomedical research industry supports more than seven million jobs and contributes $69 billion to the U.S. GDP. In 2015, with a budget of over $30 billion, the National Institutes of Health (NIH) funded more than 300,000 scientists to support groundbreaking research around the globe.

Despite these numbers, April Giles, executive director of the Colorado BioScience Association (CBSA), pointed out, “Depending on their area of expertise, only about 12-25% of post-docs and PhDs actually have the opportunity to go into academic research.”

The 21st Century Cures Act, which was signed into law on December 13th, aims to increase investment in biomedical research and streamline federal review and approval processes. In order to ensure that America remains a global leader in medical innovation, legislators are looking to groups such as the CBSA for input on where investment would make the biggest impact to accelerate discovery.

Full story via CyberMed News

 



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