Stimulus Program Underwhelms | January 24, 2011 Issue - Vol. 89 Issue 4 | Chemical & Engineering News
Volume 89 Issue 4 | p. 22
Issue Date: January 24, 2011

Stimulus Program Underwhelms

Small pharma firms cite government’s glaring underestimation of the response to a $1 billion program
Department: Business
Keywords: economic stimulus, grants, drug development

The Qualifying Therapeutic Discovery Project (QTDP), a program designed to channel federal economic stimulus funds to the health care sector under the Patient Protection & Affordable Care Act of 2010, was certain to garner interest among the small drug and medical device development entities that qualified to apply, given the dearth of venture capital that traditionally fuels such operations. In fact, the program received nearly four times as many applications as anticipated, and awards were . . .

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