Study quantifies the Human Genome Project's huge economic impact

06/12/2013 | Bloomberg · GenomeWeb Daily News (free registration)

The U.S.' $14.5 billion investment in the Human Genome Project has added $966 billion to the economy and $59 billion in federal tax revenue, a study by United for Medical Research and Battelle found. The project spawned dozens of companies as well as new drugs and diagnostics. "This report illustrates the vital role that key federal research funding plays in growing the U.S. economy, creating new industries and innovative technologies and producing the diagnostics and treatments that can save lives," said United for Medical Research President Carrie Wolinetz.

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