Study: U.S. at Risk of Losing Global Lead in Medical Innovation
White House Coordination, Federal Policy Agenda Needed to Reverse Downward Trend; Near-Term Opportunity Exists to Create Jobs, Address National Deficit and Cure Life-Threatening Disease
WASHINGTON--(BUSINESS WIRE)--Jun 10, 2010 - The United States is quickly losing ground as the global leader in medical innovation and must pursue coordinated action at the highest levels of government to ensure U.S. competitiveness, create high-paying jobs and find cures to costly and life-threatening diseases, according to a new study prepared by Battelle.
The study, “Gone Tomorrow? A Call to Promote Medical Innovation, Create Jobs, and Find Cures in America,” commissioned by the Council for American Medical Innovation (CAMI), reflects direct feedback of leaders representing patients, academia, private industry, research, labor, venture capital, government, and economic development.
“Medical innovation presents the best opportunity to help innovate our way out of the health and economic crises facing America today, but it's clear the clock is ticking,” said Richard Gephardt, Former U.S. House Majority Leader and CAMI Chairman. “Advancing a national strategy for medical innovation that engages all sectors – public, private and academic – through an empowered federal office is an effective first step.”
For more than a year, CAMI has met with an array of experts, including entrepreneurs, innovators, clinicians and patient advocates, in communities across the United States to understand the challenges faced by those working to advance medical innovation. Based on those conversations, CAMI commissioned Battelle to identify and highlight the best public policy ideas, which CAMI will bring to Congress and the Obama Administration as part of a call for a focused national policy framework for medical innovation.
National Policy Framework
Based on the core findings of the Battelle study, as well as the thousands of conversations and idea-sharing sessions held across the country, CAMI today outlined the following near-term priorities to help drive this targeted framework:
“It is time for all stakeholders, from the private sector to government, to embrace an aggressive and comprehensive medical innovation agenda. If we make the right decisions today, the economic and human benefits provided through medical innovation will be far reaching. The time for action is now,” said Debra R. Lappin, president of CAMI.
“Our goal from the outset was to identify the core challenges and corresponding policy solutions to help keep the U.S. competitive in the long-term,” said Mitch Horowitz, vice president of Battelle. “The overwhelming message was that medical innovation has significant positive outcomes for the health of the nation, the health of the economy, and the health of Americans.”
For a full copy of the report, please visit http://www.americanmedicalinnovation.org/gone-tomorrow.
About the Council for American Medical Innovation
The United States faces serious challenges to maintaining its leadership position in innovation. The Council for American Medical Innovation is bringing together leaders in research, medicine, public health, academia, education, labor, investment, and business, who are working in partnership toward a national policy agenda aimed at preserving U.S. leadership in medical innovation. American medical innovators create millions of high-paying jobs, and their discoveries are integral in the fight to cure cancer and other illnesses. The Council for American Medical Innovation views leadership in medical innovation as a key part of America's economic recovery, future prosperity and health.
Contact: Media Contact:
Council for American Medical Innovation (CAMI)
Teresa Schofield, 202-347-7516
Posted: June 2010