Medicare Part D

How to shape and communicate the value of medical innovation is top of mind for research stakeholders as they balance the cost of innovation with meeting the needs of patients. Experts representing industry and payers discussed the challenges of defining innovation in the policy, market and political environments during a session at the BIO International Convention on Tuesday, June 7. Josh Ofman, senior vice president at Amgen noted that industry needs to be more proactive in communicating the value proposition of innovation: "We need a holistic picture of value from a societal perspective, patient perspective and payer perspective." "Groups need to look at models that work" in assessing...
By Robert J. Hariri, MD, PhD, Chairman, Founder and Chief Scientific Officer of Celgene Cellular Therapeutics . Medical innovation is the source of dramatic improvements in the quality and length of life and also creates enormous value for society and the economy at large. For example, in 1900, the average U.S. life expectancy was 49 years. Today, it is 79. It is estimated by 2040, U.S. life expectancy will reach 85 years. This is primarily the result of innovation in medicine and improvements to public health. New medical treatments accounted for 45 percent of the increase in U.S. life expectancy between 1960 and 1997 and for nearly three-quarters of the increase in U.S life expectancy in...
By Robert J. Hariri, MD, PhD, Chairman, Founder and Chief Scientific Officer of Celgene Cellular Therapeutics . Medical innovation is the source of dramatic improvements in the quality and length of life and also creates enormous value for society and the economy at large. For example, in 1900, the average U.S. life expectancy was 49 years. Today, it is 79. It is estimated by 2040, U.S. life expectancy will reach 85 years. This is primarily the result of innovation in medicine and improvements to public health. New medical treatments accounted for 45 percent of the increase in U.S. life expectancy between 1960 and 1997 and for nearly three-quarters of the increase in U.S life expectancy in...

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Funding research gives all of us a better chance of living a healthier life.
Pam Hirata, heart disease survivor