WASHINGTON — A little-known nonprofit established by Congress over 10 years ago to help the Food and Drug Administration work with the private sector is still struggling with a basic question: Where is the cash?
The Reagan-Udall Foundation for the FDA is supposed to act as a liaison between the FDA itself and drug companies, researchers, nonprofits, or other businesses with regulated products who might want to support a project to make the agency’s job easier. It has raised just under $15 million during its first decade, according to the foundation.
That figure pales in comparison to the sums raised by similar congressionally chartered nonprofits that support the Centers for Disease Control and Prevention and the National Institutes of Health, each of which, just last year alone, raised more money than Reagan-Udall has over its entire lifetime. In the past five years, the CDC and NIH foundations together raised about half a billion dollars.
This article is exclusive to STAT+ subscribers
Unlock this article — plus daily intelligence on Capitol Hill and the life sciences industry — by subscribing to STAT+.
Already have an account? Log in
To submit a correction request, please visit our Contact Us page.
