STEM CELL RESEARCH
I do believe that the federal funding for stem cell research should be increase to allow scientists to find cures for life threaten diseases. Without more funding, the research will stall and the potential solutions to human problems and disease it could bring to light remain hidden. In the United States, early-stage of biomedical research is largely financed by the federal government before preclinical development or clinical trials; when private investors steps in for profit. It is but fitting for the federal government to increase funding for stem cell research because regulate or sets the terms and conditions of all biomedical research through the different agencies like the CDC and FDA. Also, if the public wants to keep getting treatment and therapies out of the for-profit private sectors, the federal government has to keep the money flowing for the earliest stage of the research, to get ...view middle of the document...
The federal government funds all biomedical research including stem cell research through the NIH, who is the eyes, ears, and mouth of the government on research. According to the Department of Health and Parks research on stem cells, in 2011 approximately $1,179 million was spent by the federal government through National Institute of Health on biomedical research (Estimates of Funding for Various Research, Condition, and Disease Categories (RCDC) (2012)
According to Pharmaceutical Researchers and Manufacturers of America, an industrial trade group, it costs more than $800 million to escort a drug from research to clinical trials and finally to market. By investing this amount of money, spending between 12 to 15 years in research; it but fair for them to get double that back. Therefore, they will do whatever they can to promote their product even if clinical trials were not conducted properly according to FDA standards. As we know, the FDA requires detailed reports on all clinical trials involving humans, before approving a drug for marketing, and if there are too many adverse events, it will not be approved. Therefore, these companies will deliberately hide important information from the FDA in order to get back investment and more. (Protection of Human Subjects; Informed Consent, 2010 )
I strongly feel that the federal government should increase funding for stem cell research because it is a very lucrative business that the for-profit groups cannot wait to get their hands on. We all know that if they do, they will not abide with all of FDA rules and regulations. .
1. Goldstein & Schneider, 2010. Stem Cell Research For Dummies. John Wiley & Sons
2. Estimates of Funding for Various Research, Condition, and Disease Categories (RCDC) (2012) Retrieved http://report.nih.gov/categorical_spending.aspx
3. Protection of Human Subjects; Informed Consent (2010 ) Retrieved http://www.fda.gov/ScienceResearch/SpecialTopics/RunningClinicalTrials/ucm113818.htm