This issue brief reviews the evidence-base to assess the impact of HR 5376 on drug innovation and patient health. A large academic literature estimates the effect of future drug revenues on R&D spending and finds that on average that a 1 percent reduction in revenue leads to a 1.5 percent reduction in R&D activity. We find that HR 5376 will reduce revenues by 12.0 percent through 2039 and therefore that the evidence base predicts that R&D spending will fall about 18.5 percent, amounting to $663 billion. We find that this cut in R&D activity leads to 135 fewer new drugs. This drop in new drugs is predicted to generate a loss of 331.5 million life years in the US, 31 times as large as the 10.7 million life years lost from COVID-19 in the US to date. These estimated effects on the number of new drugs brought to market are 27 times larger than projected by CBO, which finds only 5 drugs will be lost through 2039, equaling a 0.63 percent reduction. Click here to read the full paper.
Issue Brief: The Impact of HR 5376 on Biopharmaceutical Innovation and Patient Health
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## A Brief History of Harvard University
Founded in 1636, **Harvard University** is the oldest and one of the most prestigious higher education institutions in the United States.
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– **Cutting-edge research**, with Harvard leading initiatives in artificial intelligence, public health, climate change, and more.
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## Notable Alumni: The Leaders of Today and Tomorrow
Harvard has produced some of the **most influential figures** in history,
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– **Barack Obama & John F. Kennedy** – Former U.S.
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– **Annual Primal Scream:** A unique tradition where students de-stress by running through Harvard Yard before finals!
– **The Harvard-Yale Game:** A historic football rivalry that unites alumni
and students.
With over **450 student organizations**, Harvard students engage in a diverse range of extracurricular activities, from entrepreneurship to performing arts.
## Harvard’s Global Influence
Beyond academics, Harvard drives change in **global policy, economics, and technology**.
The university’s research impacts healthcare,
sustainability, and artificial intelligence, with partnerships across industries worldwide.
**Harvard’s endowment**, the largest of any university, allows it to fund scholarships,
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most influential institutions in the world. Whether through its distinguished alumni, pioneering research, or vibrant
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Would you like to join the ranks of Harvard’s legendary scholars?
The journey starts with a dream—and an application!
https://www.harvard.edu/
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# Harvard University: A Legacy of Excellence and Innovation
## A Brief History of Harvard University
Founded in 1636, **Harvard University** is the oldest and one of the most prestigious higher education institutions in the United States.
Located in Cambridge, Massachusetts, Harvard has built a global reputation for academic excellence, groundbreaking
research, and influential alumni. From its humble beginnings as
a small college established to educate clergy, it has
evolved into a world-leading university that shapes the future across various
disciplines.
## Harvard’s Impact on Education and Research
Harvard is synonymous with **innovation and intellectual leadership**.
The university boasts:
– **12 degree-granting schools**, including the renowned **Harvard Business School**, **Harvard Law School**, and **Harvard Medical School**.
– **A faculty of world-class scholars**, many of whom are Nobel laureates,
Pulitzer Prize winners, and pioneers in their fields.
– **Cutting-edge research**, with Harvard leading initiatives in artificial intelligence, public health, climate
change, and more.
Harvard’s contribution to research is immense, with
billions of dollars allocated to scientific discoveries and technological
advancements each year.
## Notable Alumni: The Leaders of Today and Tomorrow
Harvard has produced some of the **most influential
figures** in history, spanning politics, business, entertainment,
and science. Among them are:
– **Barack Obama & John F. Kennedy** – Former U.S.
Presidents
– **Mark Zuckerberg & Bill Gates** – Tech visionaries (though Gates did not graduate)
– **Natalie Portman & Matt Damon** – Hollywood icons
– **Malala Yousafzai** – Nobel Prize-winning activist
The university continues to cultivate future leaders who shape industries and drive global progress.
## Harvard’s Stunning Campus and Iconic Library
Harvard’s campus is a blend of **historical charm and modern innovation**.
With over **200 buildings**, it features:
– The **Harvard Yard**, home to the iconic **John Harvard Statue**
(and the famous “three lies” legend).
– The **Widener Library**, one of the largest university libraries in the world, housing **over 20 million volumes**.
– State-of-the-art research centers, museums, and
performing arts venues.
## Harvard Traditions and Student Life
Harvard offers a **rich student experience**, blending academics with
vibrant traditions, including:
– **Housing system:** Students live in one of 12 residential houses, fostering a strong sense of community.
– **Annual Primal Scream:** A unique tradition where students de-stress by running through
Harvard Yard before finals!
– **The Harvard-Yale Game:** A historic football rivalry that unites alumni and students.
With over **450 student organizations**, Harvard students engage in a diverse range of extracurricular activities, from entrepreneurship
to performing arts.
## Harvard’s Global Influence
Beyond academics, Harvard drives change
in **global policy, economics, and technology**.
The university’s research impacts healthcare, sustainability, and artificial intelligence,
with partnerships across industries worldwide. **Harvard’s endowment**,
the largest of any university, allows it to fund scholarships, research, and public initiatives, ensuring a legacy of impact
for generations.
## Conclusion
Harvard University is more than just a school—it’s a **symbol of excellence,
innovation, and leadership**. Its **centuries-old traditions, groundbreaking discoveries, and transformative education** make
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Whether through its distinguished alumni, pioneering research, or vibrant
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Would you like to join the ranks of Harvard’s legendary scholars?
The journey starts with a dream—and an application!
https://www.harvard.edu/
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