Good News for Medical Research

Medsonix is extremely enthusiastic and encouraged by the provision to the new healthcare reform bill called the Cures Acceleration Network(CAN.)

Championed by U.S. Senator Arlen Spector (D-Pa.,) CAN is a vehicle to facilitate and accelerate medical research. It will award grants through the National Institutes of Health (NIH) that will bridge the gap between research and patient usage of new and improved forms of treatment.

For too long, the discovery and development of innovative biomedical discoveries have been slowed or completely lost due to lack of funding and insurmountable red tape. Researchers have even coined the phrase “the valley of death” to illustrate this loss of critical knowledge that could be benefiting the health and welfare of all Americans, as well as aid the economy.

CAN grants of up to $15 million will be available to fund clinical trials and speed up the approvals process. Critical research on the causes and treatment of diseases such as lupus, multiple sclerosis, diabetes, atherosclerosis, cervical cancer, Parkinson’s, ALS, etc., having fallen into “the valley of death,” will now be able to resume.

Senator Spector has long been a champion for medical research. Since 1991, he has been instrumental in doubling the funding for the NIH from $12 billion to $30 billion as Chairman and ranking member of the Senate Appropriations Subcommittee on Labor, Health and Human Services.

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