John Castellani, President and CEO, Pharmaceutical Researchand Manufacturers of America (PhRMA)
"Although we have tackled many health challenges, the industry is constantly looking to the future. We know that millions more wait and hope for the next medical advancement to help prevent, treat, or finally cure painful, debilitating and even deadly conditions. Our mission is to create those innovative new life-improving and life-saving treatments. In fact, last year alone, 35 new, innovative medicines received FDA approval—one of the highest totals in the past decade. There are also more than 3200 new medicines to treat a wide range of conditions in clinical trials or under FDA review, up from 2400 six years ago. The industry can also take pride in the fact that it continues to make crucial investments in the future even in the midst of economic turmoil."The biopharmaceutical research industry is America's cradle of innovation. Our sector accounts for 20% of all domestic R&D funded and performed by US businesses. In 2011 alone, PhRMA member companies invested an estimated $50 billion in R&D.
"To ensure continued progress, we must foster a system that advances science, rewards investment, achieves regulatory consistency and transparency, and values how innovative medicines improve health. In turn, a strong biopharmaceutical industry can create 21st century jobs and help make our economy globally competitive.
"The biopharmaceutical research industry is working to meet the health and technological challenges the future will bring. Even in the face of continuing economic challenges, we will never lose sight of our core mission of helping people live longer, more productive lives."
Jim Greenwood, President & CEO, Biotechnology Industry Organization (BIO)
"The biotechnology industry is working to find cures and medical breakthroughs for our most devastating diseases that will save lives and improve quality of life. To date, biotechnology has created more than 200 new therapies and vaccines, including products to treat cancer, diabetes, HIV/AIDS and autoimmune disorders, with more than 900 biotech medicines and vaccines in development.
"In the future, our genomic information will be used to help us and our doctors prevent disease, choose medicines, and make other critical decisions about our health. This personalized medicine will revolutionize healthcare, making it safer, cheaper, and more effective. The biotech industry is working towards the day when we take cancer, Alzheimers, HIV/AIDS, malaria, and all the other deadly and feared diseases that end millions of lives each year and move them from the medical books to the history books."