US Capitol Capsule: How to beat China in innovation race? Fine pharma
This article was originally published in Scrip
Executive Summary
Senator Elizabeth Warren (Democrat-Massachusetts) said she has found a solution to National Institutes of Health (NIH) Director Dr Francis Collins' dilemma of how his agency is going to fill its budgetary gaps and stay ahead of China in the race for biomedical research and innovation: Make big biopharmas that have violated US laws and regulations or have entered into government settlements cough up the needed NIH dollars.