Gephardt visits Triangle on tour to spur medical innovation
Wednesday, June 30, 2010, 2:12 pm No Comments | Post a CommentDick Gephardt is traveling across the country to reinvigorate medical innovation and on Wednesday the former Congressman, U.S. House majority leader and two-time Democratic presidential candidate visited North Carolina, a U.S. biotech hot spot.
He carried a to-do list with him that he plans to take to Congress and the Obama Administration.
Changing the way the Food and Drug Administration regulates the development of new medicines, making the research and development tax credit for companies permanent and establishing a federal office to spearhead public-private partnerships between universities, the National Institutes of Health and R&D companies were among the suggestions on the list.
“It needs to be the new space program in my view,” Gephardt told about 100 people at the packed Capital City Club in Raleigh.
Gov. Beverly Perdue, mayors and economic development officials from across the state attended the event, which was meant as a first step to build grassroots support for Gephardt’s to-do list.
At stake is the global leadership position the U.S. built in the past 30 years in discovering new medical treatments, improving quality of life and advancing health care, according to a report the Battelle Technology Partnership Practice released June 10. The Council for American Medical Innovation, or CAMI, an advocacy group Gephardt chairs, commissioned the report.
Experts, investors and bright minds from industry, universities and foundations whose brains the Battelle researchers picked, pinpointed several risk factors that the U.S. is in danger of losing its medical innovation edge.
Among those factors is the declining number of novel medicines that have come to market in the past decade. Between 2005 and 2008, the FDA approved on average 19 per year compared to an average 31 per year during the 1990s. A nearly 29 percent decline in venture capital that set emerging biomedical companies back during the recession was also troublesome. So were the science scores among 12th graders, which declined almost 3 percent from 1996 to 2005.
Health care and research to find new treatments have long been among Gephardt’s interests. What caught his attention was a novel triple cancer therapy that saved his son’s life nearly 40 years ago, he said. Gephardt supported a form of universal health care and helped double the NIH’s budget to support basic research to about $30 billion in 2003.
The unprecedented increase in NIH funding several years ago and a $10 billion boost the NIH received in stimulus funds last year benefited research institutions across the Triangle, including Duke University, RTI International and the University of North Carolina.
But Gephardt’s agenda to spur medical innovation and create more R&D jobs in the U.S. will face a Congress and a White House trying to gain control over a ballooning federal deficit. Gephardt didn’t think the NIH’s budget will be cut, but he acknowledged the belt-tightening mood in Washington by saying that his to-do list isn’t a “big ticket item. Yes,” he added, “this costs money, but the payoff is enormous.”



