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Category: Drug & Medical Device Innovation

   The increasingly important role of prescription medicines as both complements to and substitutes for other medical procedures, as well as rising costs for newer and more effective medicines, has precipitated an array of proposals for reducing private and public spending on drugs. Some prominent observers have even questioned whether the current system of research and development is as cost-effective as alternatives might be, and, in particular, whether the central role of private pharmaceutical firms in drug research and development produces commensurate social benefits.

   However, the enormous risk and costs of bringing new products to market means that many medical innovations would not be developed without substantial private sector investment and research. The Center for Medical Progress seeks to chronicle the gains in health and longevity associated with both basic and clinical research, the arduous struggle to move products from the lab bench to the bedside, and effective public policies that encourage both development of and widespread access to new medicines.

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