This story was first published in digitalhealth.net
Pharmaceutical companies issue research funding plea
More than 30 pharmaceutical and health tech companies have sent an open letter to Prime Minister Boris Johnson stressing the need for financial support to safeguard medical research charities.
Facing a projected £310 million shortfall in charity research investment, the Life Sciences-Charity Partnership Fund, developed by the Association of Medical Research Charities, has urged the government to bridge the anticipated funding gap and commit to three years of matched investment through the proposed fund to help protect the work and contributions of charity research within the UK’s health and economy.
It is expected that it will take at least four years for medical charities to recover from the coronavirus pandemic and economic shortfall it has prompted.
According to the letter, medical research charities have invested £14 billion in research in the UK since 2008, with £1.9 billion in 2019 alone. The letter also highlights how medical charities ‘enrich the diversity of the UK’s science base’ and support the careers of thousands of ‘highly skilled early-career researchers’.
Aisling Burnand, CEO of the Association of Medical Research Charities, said: “The UK is fortunate to have a range of vibrant medical research charities that add to the country’s life sciences R&D funding mix and this sector must be protected in the aftermath of Covid-19.
“Charity research provides the foundations for commercial research. You cannot support the latter without the former. By investing in charity-funded research, government can help medical research charities deliver a better future for patients across the UK, protect the UK’s research skills and capabilities and contribute to economic growth.”
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