Value Assessment Initiative
The PhRMA Foundation’s Value Assessment Initiative promotes the development of advanced value-assessment so decision makers have better tools to assess high- and low-value care in the U.S. health system. The initiative funds new research and innovative efforts to assess the value of medicines and health care services, improve patient outcomes and reduce inefficiency.
Centers of Excellence in Value Assessment
Gary O. Rankin, PhD, is currently Professor and Chair of the Department of Biomedical Sciences at the Joan C. Edwards School of Medicine at Marshall University. Dr. Rankin received his PhD in Medicinal Chemistry and completed postdoctoral training in Pharmacology at the Medical College of Ohio (Toledo, OH). Dr. Rankin, who received a Research Starter Grant from the Foundation in 1979, has had a distinguished career as a scientist, with his research focused primarily on the bioactivation of chemicals (drugs, agricultural agents, industrial intermediates) to metabolites that are toxic to the kidney.
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AJMC Publishes Work of Foundation Challenge Award Recipients
The American Journal of Managed Care (AJMC) has published a series of articles highlighting the work of the PhRMA Foundation’s 2019 Value Assessment Challenge Award recipients. This year’s awards honored researchers whose work focused on novel proposals to improve value assessment methods that move beyond using the quality-adjusted life year (QALY) to evaluate health care treatments. AJMC has published all four of the winning submissions.
Help Support the PhRMA Foundation — Using AmazonSmiles
If you are an Amazon shopper, you can help support the Foundation throughout the year using AmazonSmiles. Amazon will donate .5% of eligible purchases to the PhRMA Foundation when you select us as your favorite charity. Details of how to link to your phone app can be found here. The PhRMA Foundation is a 501c3 organization and your donation is 100% tax deductible. Your support will assist with the growth of our programs.
Congratulations to our Latest Award Recipients!
Over the last year, the PhRMA Foundation has continued to provide millions in funding to the nation’s leading young researchers, while supporting important new other research in areas such as Value Assessment in health care. See a complete list of our latest award recipients here.