Texas Governor Perry Calls for Renewed Effort to Fight Cancer

Speaks to Leaders in Business, Science and Technology at Annual Texas Life Science Conference

Nov. 01, 2007 -- HOUSTON – Texas Governor Rick Perry today spoke to more than 250 national venture capitalists, researchers and emerging company executives from across Texas at the annual Texas Life Science Conference hosted by BioHouston and the Texas Healthcare and Bioscience Institute. The governor called for a renewed commitment by the public and private sector to fight cancer.

"Cancer is not a new fight for Texas. Home to world renowned medical centers and research universities, our battle has been waging for some time," said Gov. Perry. "This month, Texans have an opportunity to strengthen our efforts by supporting Proposition 15, which would provide significant funding to find a cure for cancer. This worthy investment will catapult our state to the forefront of cancer research, fueling economic growth and giving hope to all fighting the war on cancer."

Cancer is not only the number one cause of death of Americans under the age of 85, it kills more than 37,000 Texans each year. The constitutional amendment passed by the 80th Legislature and supported by Gov. Perry, Proposition 15, would dedicate $300 million annually toward finding a cure for cancer through efforts such as investing in cancer research, clinical trials and the construction of laboratory facilities throughout the state. The disease now costs Texans approximately $30 billion a year in direct and indirect costs.

"With additional funding, we can enhance existing research efforts, lure the brightest research minds from around the world, and provide grants to promising projects," said Gov. Perry.

Though Proposition 15 is focused on finding a cure, it is also an investment in our economy. Texas is home to world-class research institutions, and public and private leaders in life sciences. The Cancer Prevention and Research Institute Oversight Committee will be responsible for crafting contracts that govern the use of grant funds, establish intellectual property rights, and set terms on the return of unused funds. Intellectual property rules will allow the state to collect royalties from grant-based projects without removing the incentive to apply.

Source: Texas Governor