Public funding research key to advancing biomedical innovation

(Columbia University's Mailman School of Public Health) A new paper co-authored by Columbia University Mailman School of Public Health's Bhaven Sampat, PhD, shows that 30 percent of all NIH-funded grants produce research that is cited by a private-sector patent. The publicly-funded research creates knowledge that links to private companies' efforts to develop drugs, medical devices, and other patented biomedical products.

from EurekAlert! - Social and Behavioral Science http://ift.tt/2mWhgug