Study highlights the economic benefits of clinical trials in Ala - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Study highlights the economic benefits of clinical trials in Alabama

BIRMINGHAM, AL (WBRC) -

A new study is highlighting the economic impact and patient benefits of the thousands of pharmaceutical clinical trials in Alabama.

The study says it costs $1.2 billion dollars and ten years to create a new drug, but medical experts say it's worth it if it saves even one life. Since 1999, companies have conducted 3,400 clinical trials in Alabama.

Nearly half of those target major diseases such as cancer, asthma, diabetes, heart disease, mental illness, and stroke.

In addition to helping patients with these diseases, the clinical trials also boost Alabama's economy. A new study shows the bio-pharmaceutical industry supports nearly 17,000 jobs throughout the state and research companies have generated more than $3.2 billion dollars in economic activity.

Governor Robert Bentley was on in Birmingham when the findings were released. He says he is pleased with the economic impact, but feels the main benefit is for the people.

"This is all about people. The reason we try to invent new drugs in this county is not for money, even though you have to make a profit and companies have to stay in business. The reason you do it is to try to help alleviate pain and suffering in the patients," said Bentley.

Medical experts say there are 123 new cancer drug trials going on in the state, currently.

Copyright 2013 WBRC. All rights reserved.

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