Medical innovation needed despite current economic problems, says Eli Lilly CEO

In the keynote address at a Town Hall Los Angeles luncheon event today, John C. Lechleiter, Ph.D., chairman and CEO of Eli Lilly and Company, said that in the current challenging economic times, sustaining our nation's edge in innovation and improving our focus on medical innovation's richest resource – people – is imperative to achieving prosperity and health in the coming decade.  His speech focused on bioscience innovation, a sector in which Los Angeles boasts one of the largest concentrations of jobs in the country.

Lechleiter outlined three policies necessary to foster innovation:

  • Broad improvement in science and math education in our grade schools and high schools,
  • Immigration policies that encourage top scientists to choose to work in the United States, and
  • Sustained funding in basic research.  

Lechleiter said that talented people and their ideas are essential to driving innovation in the bioscience sector and creating new treatments and cures for patients. Medical innovation has led to longer life spans and enhanced livelihoods, with well-paid jobs. "We tend to think of innovation in terms of technology, science, and labs but innovation is essentially the application of human ingenuity to improve human life," said Lechleiter. "To fully appreciate innovation, we have to see and understand clearly its benefits for humankind."  

Lechleiter explained that a broad understanding of math and science is essential for young people to participate in the high-tech economy of the future, and said the U.S. is falling short on science and math education:

  • 15-year-old American students rank poorly against other countries
  • Average scores for 12th graders in the sciences have declined, and  
  • The number of U.S. college students pursuing bachelor's degrees in science, technology, engineering and math is insufficient to meet future demands.

Lechleiter called for "a common effort as a society to develop whole new generations of Americans with knowledge and skills in math and science, a large pool from which great scientists and breakthrough ideas will emerge."

Turning to immigration policy, Lechleiter stated that the very best scientists are needed in pharmaceutical research.  Currently, he said, many of the top candidates emerging from graduate schools in the U.S. are neither citizens nor permanent residents, and they run up against severe limits on the number of H1B visas.

"We must fix the policies that are driving away talented people who want to live here and contribute to our economy," said Lechleiter. "This does not require drastic changes, just a sensible increase in visas for these highly skilled immigrants and a shorter, simpler process to get a green card."

Refuting arguments that such policies take jobs away from Americans, Lechleiter stated that the best minds in science lead to strong businesses that help create jobs and drive innovation. "It surely beats the alternative," he said, "talented people returning to their native country or going elsewhere to start or help a foreign firm to compete against us."

Lechleiter also called for a long-term commitment to steady federal research funding, particularly for the National Institutes of Health, the National Science Foundation and other agencies that pursue and support basic research and train young scientists.

Lechleiter said that the academic and government research has "historically operated synergistically with the private biopharmaceutical sector," and that "our nation's innovation engine works best when we're firing on all cylinders."

Despite current economic problems, Lechleiter warned against seeing innovation as a luxury. "Who among us can witness the impact of cancer, Alzheimer's disease, and other scourges and say, 'We have all the medical innovation we need?' In fact, innovation may help us overcome fiscal as well as medical and technological challenges; in a world of increasingly constrained budgets, scientific innovation is likely to create new and less expensive treatment alternatives."  

SOURCE Eli Lilly and Company

Comments

  1. P Henry P Henry United States says:

    Wow, another multi-millionaire CEO is in favor of bringing cheap, foreign labor to the US to take American jobs.  What a surprise.  Conveniently, he doesn't name ONE thing an H-1B ever invented because there aren't any.  This program is simply a vehicle for unscrupulous companies to get foreign slaves over to this country.  People aren't buying the lies anymore.

  2. jgo jgo United States says:

    Studies by researchers from Computing Research Association (CRA),
    Duke, Georgetown University, Harvard, RAND Corporation, Rochester Institute of Technology, Rutgers, Alfred P. Sloan Foundation,
    Stanford, UC Davis, UPenn Wharton School, and Urban Institute
    have reported that we have continually been producing far more US citizen STEM (science, tech, engineering, math) workers than we've been employing in these fields.

    Examination of employment data and projections from BLS when compared with NCES (US Dept. of Education) records of degrees earned by US citizens confirms these findings.

    "As late as 1987, 60K graduates were competing for about 25K open positions, according to Janet Ruhl, author of _The Programmers Survival Guide_" --- Margie Wylie _CNET_ "The skills shortage that isn't: When the rising tide floats employees' boats, employers proclaim disaster"
    http://news.com.com/2010-1077-281060.html
    http://www.kermitrose.com/econ1998.html#19980204

    In testimony to the House Science and Technology Committee, Harold Salzman reported that we've been producing as many as 3 times the numbers of STEM workers as we've been employing in these fields.

    http://democrats.science.house.gov/Media/File/
    Commdocs/hearings/2007/tech/06nov/salzman_testimony.pdf

    www.kermitrose.com/econ200711.html#Runnerup2007

    1995-06-05
    "Universities in the United States are producing about 25% more doctorates in science and engineering fields than the U.S. economy can absorb..." --- William Massy of Stanford, Charles Goldman of RAND Corp., Stanford graduate students Marc Chun and Beryle Hsiao
    www.nocklebeast.net/Links/native/massyreport.html
    http://www.kermitrose.com/econ1996.html#19950605

    2009-10-28: "U.S. colleges and universities are graduating as many scientists and engineers as ever, according to a study released on Oct. 28 by a group of academics.   But that finding comes with a big caveat: Many of the highest-performing students are choosing careers in other fields.   The study by professors at Rutgers and Georgetown suggests that since the late 1990s, many of the top students have been lured to careers in finance and consulting... 'It is now up to science and technology firms to attract the best and the brightest graduates to come work for them.'... 'The top quintile SAT/ACT and GPA performers appear to have been dropping out of the STEM pipe-line at a substantial rate, and this decline seems to have come on quite suddenly in the mid-to-late 1990s.'"

    www.businessweek.com/.../db20091027_723059.htm
    Moira Herbst: Business Week: Rutgers/Georgetown: No Shortage of U.S. Engineers

    http://www.eschoolnews.com/news/top-news/?i=61455
    Laura Devaney: eSchool News

    www.edweek.org/.../...er.h29.html&levelId=2100
    Sean Cavanagh: Education Week

    www.pitchengine.com/.../
    Pitch Engine

    www.heldrich.rutgers.edu/.../STEM_Paper_Final.pdf
    Steady as She Goes: 3 Generations of Students through the Science and Engineering Pipe-Line (pdf)

    www.philly.com/.../..._and_engineer_shortage_.html
    Tom Avril: Philadelphia Inquirer: Georgetown/Rutgers study asks: What scientist and engineer shortage?

    blogs.sciencemag.org/.../study-argues-us.html
    Yidhijit Bhattacharjee: Science: USA does not need more science students

    www.kermitrose.com/econSummaryAnalysis.html#Media

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
Education, wealth, and job type shape aging brains and cognitive health