New report helps inform decisions about how science should be funded

Clinical research has greater societal impact over a 15-20 year timescale, while basic research has greater academic impact, according to a new study from RAND Europe and the Health Economics Research Group (HERG) at Brunel University.

[…] The research was led by Steven Wooding, Research Leader at RAND Europe, who said: “The study showed that research is important, that it has real tangible benefits for society and that how you fund it matters. If you want to make a difference to patients over a 15-20 year time-scale, clinical research is more effective. If you want to build knowledge for the longer-term, then basic research is better.”

Read the report here. It also reported here. Update: here too.