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Lifescience Alley endorses request for funding in HF 777 and SF 766 bills. Request will go toward developing significantly improved care options for 118,000 Minnesotans living with these disabilities. Increase in financial investment to treat these injuries would attract highly trained neuroscientists and researchers to Minnesota.
Lifescience Alley endorses request for funding in HF 777 and SF 766 bills. Request will go toward developing significantly improved care options for 118,000 Minnesotans living with these disabilities. Increase in financial investment to treat these injuries would attract highly trained neuroscientists and researchers to Minnesota.
Lifescience Alley endorses request for funding in HF 777 and SF 766 bills. Request will go toward developing significantly improved care options for 118,000 Minnesotans living with these disabilities. Increase in financial investment to treat these injuries would attract highly trained neuroscientists and researchers to Minnesota.
We are writing to voice support for the $8 million appropriation request to fund innovative research towards deliverable therapies for the functional improvements of those living with Spinal Cord Injury (SCI) and Traumatic Brain Injury (TBI). As the leading trade association for the health technology industry, we are familiar with both the life saving implications of medical devices and medical research, as well as the arduous and costly process new technologies must pass through in order to be developed and brought to patients. The request for funding will go toward developing significantly improved care options for the 118,000 Minnesotans living with these disabilities. There have been recent advances in the field that can help reduce suffering, improve quality of life, and decrease the cost of care for patients with these injuries. Currently, lifetime cost of care for individuals with SCI/TBI ranges from $1.5 to $4.6 million. We need state support to fund additional research for improved treatments, to help reduce annual costs of care (total SCI cost for Minnesota is $520 million), and more importantly, to keep the research and innovation in our state, which is well known for its health technology and care industries. Increased financial investment to treat these injuries would attract highly trained neuroscientists and researchers to Minnesota and create new jobs in the fields of neuroregeneration and medical devices. LifeScience Alley endorses the request for funding in Representative Hoffmans bill (HF 777) and Senator Hamilton's comparable bill (SF 766). The $8 million of appropriated state funding would also help to attract additional NIH grant funding to these research areas. Other states have shown a strong correlation between state funded programs and the attraction of NIH funds, as evidenced by California, which generated $15 million in state funds and subsequently leveraged $86 million in NIH federal funds over several years. The grant would push research forward by providing seed money for therapeutic innovations, novel medical devices, and needed funds to drive existing lab research to clinical trial and onto industry for treatments, resulting in new jobs and improved patient care. As you know, LifeScience Alley has a 30-year track record as a global leader in enabling business success. We are committed to improving our communitys operating environment and supporting advancement in research and healthcare innovation for the benefit of patients worldwide. Thank you for your time and attention to this matter. Sincerely,