Federally Funded Research
Federally Funded Research.
The U.S. federal government provides a significant amount of funding for research each year. The NIH alone grants approximately $30 billion a year in research funding in a multitude of areas, much of which could result in a commercialized medical product. To prepare, review the article for this week and consider the available sources of funding for early research. Post a comprehensive response to the following: What are two benefits and two concerns raised by the federal government’s funding of basic research that could ultimately lead to drugs that produce a profit for the firm that brings them to market? What might happen if the government significantly reduced its level of funding for research?
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