U.S. Loses Ground On Biomedical R&D | January 13, 2014 Issue - Vol. 92 Issue 2 | Chemical & Engineering News
Volume 92 Issue 2 | p. 6 | News of The Week
Issue Date: January 13, 2014

U.S. Loses Ground On Biomedical R&D

Research: Global shift in investment is small but telling
Department: Business
News Channels: Biological SCENE
Keywords: R&D, research, India, China

The U.S. continues to dominate the world in biomedical research spending, but its share of the total spending pie slipped from 50% in 2007 to 45% in 2012, according to a new report. Europe’s share also slipped over the same period. Meanwhile, China more than quadrupled its share, although it still accounted for only 3% of the global R&D spend.

The study, published in the New England Journal of Medicine, attributes the U.S. decline to . . .

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