Have any of you ever heard a pharma executive say something like this to their investors:
We ask you to recognize that your investment in our company may not be as profitable to you as it has been historically. At the same time, we ask you to recognize that our scientific efforts serve a fundamental public good, the improvement of human health. We seek to maintain our talented and dedicated workforce because we feel that this human capital is the best way for us to achieve our underlying goal: to provide safe, innovative and life-saving medicines for people that need them. This can only be achieved through a more thorough understanding of what this industry strives to accomplish and we ask you, as investors, to consider what you intend to accomplish through your investment in our company.
Inspired by a DrugMonkey post, here is some useful data on NIH funding for those in Southern Arizona.
Congressional 8th District: Giffords
DC phone: (202) 225-2542
Tucson phone: (520) 881-3588
Total NIH funding = $5,760,729
UA is technically not in Gifford’s district so most of this is to private companies, but we all know those companies locate here due to interactions with UA (or are spinoffs from UA).
Most of us UA funded NIHers live in Gabby’s district so its probably also worthwhile knowing data for Congressional 7 (physically contains UA)…
Congressional 7th District: Grijalva
DC phone (202) 225-2435
Tucson phone (520) 622-6788
Total NIH funding = $187,058,087
Almost all of that is to UA. Not small potatoes! A 3% cut on that means a $5,611,743 hit to the Tucson economy. That number is slightly exaggerated due research expenditures that leave here but assuming a (very reasonable) 75% salary outlay per grant its still $4,298,807.
Create a New Class of Bonds
States and the federal government might issue bonds to support innovation in biomedical science and health services, with preference given to high-risk research and diseases important to public health. Such bonds have long been used to support athletic facilities, airports, and roads. They provide a mechanism for private investment to meet public needs.
Surely everyone has seen the news of the new proposal to return NIH budgets to 2008 levels. Calls for those of us in the public sector research enterprise to call or write our Congress Critters are coming from all of our professional organizations right now. If you’re going to call or write your rep, it might be worthwhile to have some numbers in hand to remind that staffer of the impact of NIH research. We all talk about impact on health outcomes, etc., and maybe some of us talk about economic impact of NIH investment but the role of NIH research in private sector development has been harder to pin down (and some of the previous adversarial industry vs. academia spats have not helped). A major argument I have heard from Republicans is that while NIH research is nice and all, the main driver for health care innovation is the private sector. The primary innovation area is widely viewed as pharmaceutical development. This brand spanking new NEJM paper throughs a serious wrench into that argument.
For the too lazy to click crowd, here is a pretty table from the paper:
My favorite part of this, and the argument I am going to use, is that new indications for existing drugs is coming almost entirely from public sector research. There are serious cost savings opportunities to be found going this route and FDA approvals for new indications is just the tip of the iceberg.
Unfortunately for me, my rep, who is almost always responsive to these things, is not able to do the job she has done so terrifically for the past several years right now. I have a feeling, though, that her friends, family and staff can be counted on for strong NIH funding support so I’m gonna ring up the local office.
President Obama combined our grief and need for hope perfectly in his tribute to 9 year old Christina Taylor Green:
Here was a young girl who was just becoming aware of our democracy; just beginning to understand the obligations of citizenship; just starting to glimpse the fact that some day she, too, might play a part in shaping her nation’s future. She had been elected to her student council. She saw public service as something exciting and hopeful. She was off to meet her congresswoman, someone she was sure was good and important and might be a role model. She saw all this through the eyes of a child, undimmed by the cynicism or vitriol that we adults all too often just take for granted. I want to live up to her expectations. I want our democracy to be as good as Christina imagined it.
Let us use this occasion to expand our moral imaginations, to listen to each other more carefully, to sharpen our instincts for empathy, and remind ourselves of all the ways our hopes and dreams are bound together.
January 12, 2011
There is a special kind of guilt that overcomes you when you have the opportunity to hear the man who has inspired such a sense of hope in you for what is possible in this country when it is surrounded by such tragic circumstances. The entire experience was like a surreal dream. I have imagined what it must be like to be present for an Obama speech but never thought I would have the chance to be at one, and much less to be at one when the community in which I live is in desperate need of healing. The entire audience was fixated on his presence and message in a way that I have not experienced previously. Suddenly this seems like a much better place to live and I think about 10,000 people in that arena (and ~15,000 in the overflow venue) feel the same way. Continue reading →
My first thought upon hearing the news was terror. One of my dearest friend’s wife (also a dear friend) is active in the local Democratic party and would be very likely to be at the event this morning. He would likely be there too. To make matters worse, the Safeway is across the street from their house. I called him, he’s home sick and she’s at a Democratic party meeting but not at the event. Great relief.
Back to the TV. They report Giffords is dead. I call my wife, who is in Mexico visiting her parents. We talk for 30 seconds. I break down not even realizing that the line has gone dead. I’m sitting there crying into the phone thinking I’m talking to my wife and the phone rings. I realize the line cut out and get a little laugh. I’ve got it back together and we’re talking. She works in the hospital and has experience with the trauma team. Her thoughts are on what’s happening in the hospital so we’re talking about that. TV reports that Gabby is alive… Continue reading →