Issue Date: January 24, 2011
Stimulus Program Underwhelms
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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