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World leader in life sciences targets more rational drug development (UNESCO - United Nations Educational, Scientific and Cultural Organization)

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(Source: UNESCO - United Nations Educational, Scientific and Cultural Organization) Life sciences accounted for 51% of federal research expenditure in 2011. However, this expenditure had 'failed to keep pace with inflation, in spite of the emerging needs of an ageing population'. According to the report, although the government had made efforts to increase allocations to research, the congressional austerity drive had often prevailed. The executive's priorities were, thus, taken forward largely thanks to collaboration between the government, industry and the non-profit sector. This was particularly true for the health sector which, like climate change, was a priority for the Obama...

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