Recommendation
The administration and Congress should establish a joint industry-university-government R&D partnership to reduce the cost of drug development and production.
Details
New technologies can reduce the cost of drug discovery and production. The administration should ask Congress to fund an R&D program to work in these areas, similar to the R&D program for semiconductors that was established under the CHIPS legislation.
Keep reading:
▪ Stephen Ezell, “Ensuring U.S. Biopharmaceutical Competitiveness” (ITIF, July 2020), https://itif.org/publications/2020/07/16/ensuring-us-biopharmaceutical-competitiveness/.