The mission of the PhRMA Foundation is to support young scientists in disciplines important to the pharmaceutical industry by awarding them competitive research fellowships and grants at a critical decision point at the outset of their careers. The aim is to encourage young scientists who will be the leaders of tomorrow to pursue careers in research and education related to drug discovery.
The Foundation is helping to build a larger pool of highly-trained, top-quality scientists to help meet the growing needs of scientific and academic institutions, government, and the research-intensive pharmaceutical industry. The Foundation’s programs are of particular benefit to the pharmaceutical industry in serving its purpose of developing new life-saving, cost-effective medicines for patients all around the world.
Since its founding in 1965, it has distributed more than $95 million to support scientific research. More than a quarter of the research conducted by its award recipients has led to one or more clinical trials. Seventy percent of its award recipients have had their research backed by the NIH. And more than 8,000 medical students have been taught, trained and mentored by Foundation grantees.
In addition to a wide variety of research grants — including pre-doctoral and post-doctoral programs — the Foundation has launched initiatives that advance innovations in areas of key importance to the health care system. Included in recent years has been the Foundation’s new efforts at advancing research in the assessment of value in health care — a critically important area of focus in care delivery.
To advance these and other initiatives, the Foundation partners with the nation’s leading academic institutions, physician and health-care organizations, and federal agencies, such as U.S. Food and Drug Administration (FDA), National Institutes of Health (NIH), and the Agency for Healthcare Research and Quality.