Biotechnology fuels drive for economic development

The healthcare industry—using universities, government incentives, trained professionals and a strong intellectual property system—can create an entrepreneurial ecosystem that promotes the creation of life sciences technology and economic growth in the U.S.

Our nation and the world are slowly emerging from the worst economic environment since the Great Depression. Nevertheless, the healthcare system in the United States continues to struggle with escalating costs and limited resources. The efficient and cost effective delivery of healthcare services has been at the forefront of the recent political debate surrounding healthcare, and has been touted by some as the solution to reducing escalating healthcare costs that present an ever growing burden on this country's citizen.

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This article is reprinted in its entirety with the permission of Medical News, ^©2011.