CLINICAL TRIALS: Bill Would Reward Companies Using Med Schools
A new bill sponsored by Reps. Sam Johnson (R-TX) and Sander Levin (D-MI) would provide a 20% tax credit for companies that conduct clinical trials at U.S. medical schools and teaching hospitals. Eligible facilities would include nonprofit or public hospitals, teaching hospitals owned by or affiliated with an institution of higher learning, medical research organizations affiliated with a medical school or teaching hospital and nonprofit research hospitals designated as cancer centers by the National Cancer Institute. Johnson said the bill would reverse the "decline in utilization of the country's superior medical facilities for clinical trials. [I]t is important that we make every effort to insure that American teaching hospitals and medical schools remain leaders in the fight against disease" (Association of American Medical Colleges release, 3/12).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.