Fiscal Year 2010 budget will initiate a plan to double cancer research funding
President Obama has announced a renewed focus on cancer research. During his first prime-time address to a joint session of Congress in late February, he focused a portion of his speech on health care and emphasized his commitment to launching a new effort to find "a cure for cancer in our time."
Days later, as evidence of his commitment, the Obama administration released a blueprint of spending priorities for the upcoming fiscal year that highlighted additional funding for cancer research.
The fiscal year (FY) 2010 budget overview (Adobe Acrobat Reader required) broadly outlines the actual budget proposal that will be sent to Congress in April. It requests that more than $6 billion be directed to cancer research at the National Institutes of Health (NIH) as part of a multi-year effort to double cancer research funding. The $6 billion increase would be directed to the NIH in addition to the unprecedented $10 billion investment that the agency will receive over the next two years as a result of the recent economic stimulus package. The budget states, "These resources will be committed strategically to have the greatest impact on developing innovative diagnostics, treatments and cures for cancer."
In addition to funds for cancer research, the budget document asks for substantial investment in the Food and Drug Administration (FDA) to help it establish a new regulatory pathway to approve generic biologics and to strengthen the agency's efforts to improve the safety of medical products. It also proposes to set aside more than $630 billion over 10 years to finance health reform.
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