2 Matching Annotations
  1. Jun 2015
    1. Extrapolating from 2012 data, an estimated US$114.8B in the United States [18] is spent annually on life sciences research, with the pharmaceutical industry being the largest funder at 61.8%, followed by the federal government (31.5%), nonprofits (3.8%), and academia (3.0%) [20].

      I think this would surprise most people, although when one thinks of the cost of developing a drug, it is always stated in the billions. So give that NIH's budget is around 30 billion, it would make sense that pharma would dwarf that number.

  2. Feb 2014
    1. As long as the income was incoming, we were happy to trade funding our institutions with our money (tuition and endowment) for funding it with other people’s money (loans and grants.) And so long as college remained a source of cheap and effective job credentials, our new sources of support—students with loans, governments with research agendas—were happy to let us regard ourselves as priests instead of service workers.