What role do public and private sectors play in funding cancer research?
Both the public and private sectors play crucial roles in funding cancer research. Government agencies, such as the National Institutes of Health (NIH) and the National Cancer Institute (NCI), provide substantial funding for basic and translational research. Private sector contributions, including those from pharmaceutical companies, biotech firms, and non-profit organizations, often focus on clinical trials and the development of new therapies. Collaborative efforts between these sectors enhance the overall research ecosystem, driving innovation and accelerating the translation of discoveries into clinical practice.
