Obama Creating Billion Dollar Gov’t-Run Drug Company

Obama Creating Billion Dollar Gov’t-Run Drug Company

  The Obama administration has turn out to be so concerned about the slowing pace of new drugs coming out of the pharmaceutical business that officials have decided to begin a billion-dollar government drug development center to assist create medicines. The National Institutes of Health has traditionally focused on fundamental study. But the drug industry's research productivity has been declining for 15 years, "and it certainly does not show any signs of turning upward," said Dr. Francis Collins, director of the institutes.

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