U.S. government is largest funder of global health research
A report recently issued by the Global Health Technologies Coalition and Policy Cures found that the U.S. government has spent $12.7 billion over the past decade on global health related research and development, according to UPI.
Seventy percent of total government investment on global health research and development throughout the world in the last decade has come from the United States, leading to the creation of more than half of the 45 new health products in the last decade that have been used to save lives around the globe, including new vaccines, drugs and diagnostics.
In the last 10 years the U.S. government has more than doubled its annual commitment to new global health products, up from $685 million in 2000 to $1.4 billion in 2010. This investment in global health research and development accounts for 0.01 percent of the U.S. gross domestic product, UPI reports.
Federal agencies are currently working with partners in the non-profit, private, philanthropic and academic spheres in order to support the continued development of 200 of the approximately 365 global health related products considered to be in the pipeline for further development. Many of these will become the next generation of lifesaving vaccines, drugs and diagnostic tools, according to the report.