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US biomedical funding

Most recent numbers I find are from 2005 JAMA study in data through 2003. Total biomedical research is $94.3 billion in 2003, with 57% industry funded and 35% US government funded, 5% state and local, and 3% from private foundations.

This is 5.6% of total US health spending.

Financial Anatomy of Biomedical Research. Hamilton Moses III, MD; E. Ray Dorsey, MD, MBA; David H. M. Matheson, JD, MBA; Samuel O. Thier, MD. JAMA. 2005;294:1333-1342.

Press release for the study.

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