Council For American Medical Innovation : Nation’s Economy, Competitiveness Depends on Innovation

WASHINGTON, D.C. (February 10, 2011) – Debra Lappin, president of The Council for American Medical Innovation (CAMI), a partnership of leaders in research, medicine, patient advocacy, academia, education, labor and business dedicated to advancing medical innovation, today expressed the Council’s support for the White House’s Strategy for American Innovation. CAMI submitted the below comments to the White House:

“The Council for American Medical Innovation applauds the development of a new Strategy for American Innovation, and strongly agrees that our future economic growth and international competitiveness depend on our ability to innovate. The new Strategy compliments the recent establishment of the President’s Council on Jobs and Competitiveness to build the public-private collaboration needed to ensure a more favorable innovation ecosystem, create jobs, and drive economic growth.

“When considering America’s strengths, we recognize that there is no better opportunity to create jobs and drive growth than building on America’s success in medical innovation. Today, America’s biomedical sector is strong, providing astounding job growth in many states despite the economic downturn. Investment in biomedical innovation not only creates new jobs – from hard hats to lab coats, but also spurs medical advances that improve health and productivity. With the rest of the world moving aggressively to attract these investments, however, we risk losing valuable ground by maintaining the status quo.

“The Strategy for American Innovation includes many opportunities for spurring American ingenuity to build our economy today and well into the future, including strengthening public-private collaboration to address many of our most pressing challenges. As described in the seminal report, Gone Tomorrow? A Call to Promote Medical Innovation, Create Jobs, and Find Cures in America, public-private partnerships are key to fostering the innovative climate we need to find cures, reduce health care costs, and ensure our nation’s continued global leadership and competitiveness.

“We look forward to working together to build a more favorable innovation ecosystem in America.”

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