RECORD-BREAKING R&D INVESTMENT COULD SPELL RECORD NUMBERS OF BREAKTHROUGH CURES

By Bob Franks
PhRMA , the biopharmaceutical industry’s national trade association, recently announced that America’s pharmaceutical and biotechnology companies set a new record for research spending last year — investing $55.2 billion to develop new medicines and vaccines. The study, conducted by Burrill & Company, also noted this investment is $3.4 billion higher than in 2005.

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