Does the NIH fund pharmaceutical companies? (2024)

Does the NIH fund pharmaceutical companies?

The National Institutes of Health (NIH), and especially its largest and oldest institute, the National Cancer Institute (NCI), have long been among the best - but perhaps not the most well-known supporters - for the life sciences and pharmaceutical industries, providing non-dilutive funding, scientific guidance, ...

Does the US government fund pharmaceutical companies?

Fast Facts. The National Institutes of Health—the largest public funder of biomedical research in the U.S.—invests billions of dollars each year to help develop new drugs or new uses for existing drugs. But the extent of NIH's contributions to drug development isn't well understood or recognized by the public.

How much does the NIH spend on pharmaceutical research?

Results. Funding from the NIH was contributed to 354 of 356 drugs (99.4%) approved from 2010 to 2019 totaling $187 billion, with a mean (SD) $1344.6 ($1433.1) million per target for basic research on drug targets and $51.8 ($96.8) million per drug for applied research on products.

Who does the NIH fund?

Research for the People

Nearly 83 percent² of NIH's funding is awarded for extramural research, largely through almost 50,000 competitive grants to more than 300,000 researchers at more than 2,500 universities, medical schools, and other research institutions in every state.

Does the NIH develop drugs?

Taxpayer dollars fund NIH and therefore fund the research done by NIH scientists and grantees that drive new drug development and commercialization in the private sector.

Does the NIH fund drug research?

Funding from the NIH totaled $187 billion; $31 billion (17%) represented applied research on approved drugs, and $156 billion (83%) represented basic research on drug targets (Table 1). Figure 1 shows annual publications, NIH project (funding) years, and costs leading to first FDA approval.

Who funds pharma companies?

While big pharma — and other for-profit pharmaceutical companies — tend to rely on funding from venture capital firms for early research and development, these companies cannot focus financing on a specific disease or therapeutic area.

Who gets the most NIH funding?

Johns Hopkins University once again leads all U.S. universities and colleges in total National Institutes of Health (NIH) funding.

Where does NIH funding go?

It is made up of 27 Institutes and Centers and the Office of the Director (OD). More than 84% of the NIH budget funds extramural research through grants, contracts, and other awards to universities and other research institutions. About 10% of NIH funding goes to intramural researchers at NIH-operated facilities.

Where does NIH get its funding?

General public. One of the goals of the NIH is to "expand the base in medical and associated sciences in order to ensure a continued high return on the public investment in research." Taxpayer dollars funding NIH are from the taxpayers, making them the primary beneficiaries of advances in research.

What agencies are under NIH?

Who runs the NIH in America?

Is NIH run by the government?

The National Institutes of Health (NIH), a part of the U.S. Department of Health and Human Services, is the nation's medical research agency — making important discoveries that improve health and save lives.

Do the NIH and FDA work together?

The agencies are complementary in their roles and functions—NIH supports and conducts biomedical and behavioral research and FDA ensures the safety and effectiveness of medical and other products.

Are pharmaceutical companies subsidized?

Moreover, pharmaceutical companies receive substantial U.S. government assistance in the form of publicly funded basic research and tax breaks, yet they continue to charge exorbitant prices for medications.

Who funds pharmaceutical research?

While basic discovery research is funded primarily by government and by philanthropic organizations, late-stage development is funded mainly by pharmaceutical companies or venture capitalists.

How much money does the US government give to pharmaceutical companies?

Indicators suggest that the biopharmaceutical industry, which is largely enabled by government investments in basic research, is thriving. From 2000-2019, U.S. spending on pharmaceuticals increased from $253 to $345 billion.

Who is the largest funder of medical research?

With an annual budget of more than $45 billion, NIH is the largest single public funder of biomedical and behavioral research in the world. In fiscal year 2022, NIH funding generated an estimated $96.84 billion in economic activity. Every state and almost every congressional district received a share of NIH investment.

What is NIH funding used for?

The NIH provides financial support in the form of grants, cooperative agreements, and contracts to support the advancement of the NIH mission to enhance health, extend healthy lives, and reduce the burdens of illness and disability.

Who are the biggest investors in pharmaceutical companies?

The three largest shareholders of Pfizer, J&J and Merck are Vanguard, SSGA and BlackRock, the multi-trillion dollar funds which make investments on behalf of their clients and keep a cut for their service.

Who is the richest pharmaceutical company?

Who owns most of the pharmaceutical industry?

Looking more broadly at ownership within brand name pharmaceuticals, the report found that of the 86 top brand firms in 2014, BlackRock holds a stake of at least 1% in 79% of them. And 5% or more in 53% of these companies.

Is the NIH privately funded?

The National Institutes of Health is the largest public funder of biomedical research in the world. In fiscal year 2022, NIH invested most of its $45 billion appropriations in research seeking to enhance life, and to reduce illness and disability.

What is the NIH maximum salary?

The direct salary for individuals under NIH grant and cooperative agreement awards cannot exceed “Executive Level II” of the Federal Executive pay scale. Effective January 1, 2024, the salary limitation for Executive Level II is $221,900. The previous cap was $212,100.

Which university has the most NIH funding?