New Report Released: 'Research in Your Backyard' - Developing Cures, Creating Jobs in Colorado

Colorado BioScience Association (CBSA) commends PhRMA and the We Work for Health initiative for drawing important attention to the 1,400+ clinical trials for chronic diseases currently being conducted in Colorado, of which more than 280 are actively recruiting patients suffering with chronic conditions such as asthma, cancer, diabetes, heart disease, mental illness and stroke. The announcement is made by Holli Riebel, CBSA President & CEO, who today joined with colleagues from both the public and private sectors, including Colorado Governor John Hickenlooper, at a State Capitol News Conference to applaud the release of PhRMA's new report: “Research in Your Backyard.”

In addition to providing new avenues of care for chronic disease sufferers, Riebel explains: “The biopharmaceutical industry in Colorado is a vital part of Colorado’s economy. This sector includes approximately 300 companies employing over 5,410 with average salaries of $93,000. Not only are these high paying high tech jobs but each are working on the innovative life saving medicines of the future.“

In Colorado, according to the report, "biopharmaceutical companies have the luxury of having trials conducted at the states’ well-respected university medical schools, comprehensive cancer centers and clinical trial research centers. According to U.S. News and World Report, University of Colorado-Denver School of Medicine ranked 38th among this year’s top 100 research-oriented medical schools in the United States."

“Research in Your Backyard” is a comprehensive look at pharmaceutical clinical trials in Colorado. Biopharmaceutical research companies are conducting or have conducted more than 3,000 clinical trials of new medicines in collaboration with the state’s clinical research centers, university medical schools and hospitals. Of the more than 3,000 clinical trials, 1,427 target or have targeted the nation’s six most debilitating chronic diseases – asthma, cancer, diabetes, heart disease, mental illnesses and stroke.

For more information, link to the report:

http://www.cobioscience.com/resources/2012_Colorado_ResearchInYourBackyard.pdf

Governor Hickenlooper's remarks about Bioscience and Clinical Research in Colorado:

http://youtu.be/m7NUhWBskOA

Link to the Business Wire release

Link to the PitchEngine Social Media Release