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...Asia has become the next frontier for pharmaceutical firms desperate to find their next blockbuster drug while keeping research costs low. In 2006, big drug companies doubled R&D investment in China and India over the previous year, to $2.2 billion. Nearly all of that went into China, thanks to generous government support and strong infrastructure. Beijing wants to attract more than 2% of the world's R&D budget, or about $10 billion...
...Foreign drugmakers are happy to oblige. Both U.K.-based AstraZeneca and Swiss outfit Novartis have announced plans to spend $100 million on new R&D labs in Shanghai. In June, the U.S.'s Eli Lilly pledged to spend $300 million within the next five years. Britain's GlaxoSmithKline started 17 drug trials in 2006 and plans to double that number this year...
...Authentic Toga Party: Those grants will buy you a lot of bedsheets, grapes, Roman laurels, and at least two nubile slave girls from the tribes along the R. Volga...
...there’s still no end in sight. The best course of action that the U.S. can take right now is to follow Spain’s example and get out of Iraq. Like Spain, in retrospect, we’ll be glad that we did. Justine R. Lescroart ’09 is an English and American literature and language concentrator in Quincy House, and is currently studying abroad in Granada, Spain. Her column appears on alternate Wednesdays...
...skill professionals and students—are preventing many valuable workers, including foreign graduates of American universities, from contributing to the American economy. Strangely enough, until last week it seemed that the government was moving in the wrong direction on this key issue. In late October, Senator Charles Grassley (R-IA) slipped an amendment into an appropriations bill that would have raised the fee employers pay to obtain an H-1B for an employee from $1,500 to $5,000. Thankfully, the provision, which would have taxed companies for trying to recruit top talent to America, appears to have vanished...