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The National Institutes of Health (NIH) are considered the government's flagship biomedical research funding organization. Between 2004 and 2014, NIH funding remained relatively flat and was not increased to keep pace with inflation. The NIH budget peaked at circa $35 billion per year from 2003 to 2005 and was around $30 billion in 2015.
The National Security Commission on Emerging Biotechnology is charged with conducting a thorough review of how advances in emerging biotechnology and related technologies will shape current and future activities of the U.S. Department of Defense, providing an interim report to the President of the United States and the Armed Services Committees ...
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law by President Joe Biden on August 9, 2022. The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion.
The Biotechnology Innovation Organization (BIO) is the largest advocacy association in the world representing the biotechnology industry. [1] [2] [3] It was founded in 1993 as the Biotechnology Industry Organization from a merger of the Industrial Biotechnology Association (IBA) and the Association of Biotechnology Companies (ABC), [4] and changed its name to the Biotechnology Innovation ...
The Biden administration on Friday announced the investment of $5 billion in a newly established public-private consortium aimed at supporting research and development in advanced computer chips.
By 1997, the number of Chinese biotech companies was about 200. In 2000 it was estimated that the number of Chinese biotech companies tripled to 600. In 2005 China's biotechnology industry increased to 900 modern biotech companies. China's biotech industry registered sales totaling US$2.4 billion in 2000, compared with US$31 million in 1986.
Of course, the best investments for beginners also offer tons of options for all kinds of investors. Here are some of the best health care ETFs based on their sub-sectors. (Data as of Aug. 6, 2024.)
The biotechnology industry in Boston dates back to the 1970s, when genetic engineering was developing. Biogen was the first company in Boston to focus on biotechnology. [6][7] In 2008, Massachusetts Governor Deval Patrick announced the Massachusetts Life Sciences Act, promising $1 billion to further the development of the biotech industry. [8 ...