Health Care Reform and Possible Effects on Innovative Therapies: Cancer as a Case Study : Hearing Before the Subcommittee on Technology, Environment, and Aviation of the Committee on Science, Space, and Technology, U.S. House of Representatives, One Hundred Third Congress, Second Session, February 2, 1994, Volume 4U.S. Government Printing Office, 1994 - 198 pages |
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administration Administration's American antibody areas biotech biotech companies biotech firms biotechnology companies biotechnology industry Biotechnology Industry Organization bone marrow transplant breakthrough drugs breast cancer CANCE cancer cells cancer patients capital Chairman chemotherapy clinical trials Clinton colon cancer colorectal cancer committee competition Congress Curd cures disease doctors drug companies drug costs drug prices effective Federal FELDBAUM funding gene therapy Genentech global going health care costs health care reform health care system HOKE hospital human impact increased innovation investment investors issue Japan Johnson KLEIN manufacturing medical device medical device industry medicine million National Cancer Institute overutilization percent pharmaceutical industry prescription President price controls Price Regulation profits proposed protein receptor regulatory research and development result risk spending subcommittee surgery Thank therapeutic Tim Valentine treat TREATMENT OF COLORECTAL tumor United VALENTINE WAGNER-JOHNSON women
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Page 156 - In fact, a recent congressional Office of Technology Assessment report concludes that " the success of the health-care oriented biotechnology industry in raising external capital proves that companies raise substantial R&D capital in external capital markets when future prospects look promising...
Page 129 - Kaposi's sarcoma (KS) was examined with the use of data from the Surveillance, Epidemiology, and End Results (SEER) Program of the National Cancer Institute.
Page 183 - S&P 500 Stock Market Index. These companies have lost almost 25 percent of their value relative to the overall market. These companies compete for capital in the financial markets. Lower market values mean that the cost of capital is going up and less capital is available. Ultimately, capital flows are reflected in research budgets as well as in prices. As I mentioned, I have been involved in several high tech ventures. Currently, "word on the street" is that capital for biotech start-ups has become...
Page 5 - I thank all of you for being here, and I look forward to hearing your testimony. Thank you, Mr. Chairman.
Page 68 - I would be pleased to answer any questions you might have. Thank you. [The prepared statement of Mr.
Page 3 - Thank you very much, Mr. Chairman. I first want to express my...
Page 17 - This survey did not cover the cost of developing a biotechnology drug, but analyses done by our industry find that the cost of developing a biotechnology drug may be similar. We know that Genzyme and Amgen, two of our member companies, raised $328 and $264 million, respectively, in equity before they brought their first products to market.
Page 183 - S 2 billion on a new Federal bureaucracy? Our deficits prove that we can't pay for the bureaucracy we already have. The irony of this foolishness as shown in Figure 8 is that Pharmaceuticals account for only 8 percent of total health expenditures. If all drugs were free, it would barely matter to .the overall cost of health, care in the. US Private capital is already noving away fron health care reeeereh.