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5 December 2013 11:26 am ,
Vol. 342 ,
Researchers have been hot on the trail of the elusive Denisovans, a type of ancient human known only by their DNA and...
Thousands of scientists in the Russian Academy of Sciences (RAS) are about to lose their jobs as a result of the...
Dyslexia, a learning disability that hinders reading, hasn't been associated with deficits in vision, hearing, or...
Exotic, elusive, and dangerous, snakes have fascinated humankind for millennia. They can be hard to find, yet their...
Researchers have sequenced and analyzed the first two snake genomes, which represent two evolutionary extremes. The...
Snake venoms are remarkably complex mixtures that can stun or kill prey within minutes. But more and more researchers...
At age 30, Dutch biologist Freek Vonk has built up a respectable career as a snake scientist. But in his home country,...
Since arriving on the island of Guam in the 1940s, the brown tree snake ( Boiga irregularis ) has extirpated native...
- 5 December 2013 11:26 am , Vol. 342 , #6163
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Genomics Impact on U.S. Economy Approaches $1 Trillion
12 June 2013 11:16 am
Despite a slow economy, business in genomics has boomed and has directly and indirectly boosted the U.S. economy by $965 billion since 1988, according to a new study. In 2012 alone, genomics-related research and development, along with relevant industry activities, contributed $31 billion to the U.S. gross national product and helped support 152,000 jobs, the biomedical funding advocacy group United for Medical Research announced today in Washington, D.C.
The Impact of Genomics on the U.S. Economy is an update to an industry-conceived report from 2011 by Battelle Technology Partnership Practice. At the time, Battelle calculated that the $3.8 billion U.S. federal investment in the Human Genome Project produced a return of $141 in economic output per dollar invested, a figure that President Barack Obama rounded off in his State of the Union address in February. Today's update factors in an additional $8.5 billion in relevant federal support and, based on the total U.S. investment, concludes a 65 to 1 return on the government's spending (adjusted to 2012 dollars).
Advocates for federal funding of biomedical research hope such rosy numbers will help persuade Congress to sustain support for the field.