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Scientist: only China doing robust R&D

Scientist: only China doing robust R&D

A U.S. biotechnology venture capitalist says China is one of the few countries investing heavily in innovative research.
Chris Anzalone, CEO of California-based Arrowhead Research Corp., warned about the future of American research and development on Friday while attending the annual Ambrosetti Forum, which brings major economic figures to Cernobbio, a Lake Como resort.
In an interview with The Associated Press, Anzalone said he is concerned that capital markets are narrowing for researchers. The biologist says that except for prestigious universities, government funding, especially for medical research, also is shrinking.
He says "other than China, it's very difficult to find robust" funding for fledging, promising biotechnology projects. His company is working on an anti-obesity drug.
Anzalone says the effects of the research turndown will hit society hard, years after the economy improves.


Updated : 2021-10-19 23:06 GMT+08:00