Medical Research: What’s it worth? Estimating the economic benefits from medical research in the UK (21st November 2008)
This report is the outcome of a one-year study commissioned by the Academy of Medical Sciences, the Medical Research Council and the Wellcome Trust to compare the economic benefits accruing to the UK from UK publicly and charitably funded medical research with the cost of that research. The results emphasise that the estimates of the rates of return need to be treated with caution. The limitations of available data, questions around methodology and issues raised by the analysis identify some key elements for the future research agenda in this area.
Report
This report is the outcome of a one-year study commissioned by the Academy of Medical Sciences, the Medical Research Council and the Wellcome Trust to compare the economic benefits accruing to the UK from UK publicly and charitably funded medical research with the cost of that research. The results emphasise that the estimates of the rates of return need to be treated with caution. The limitations of available data, questions around methodology and issues raised by the analysis identify some key elements for the future research agenda in this area.
Report
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