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The Biden administration proposed the creation of a high-risk, high-reward disease research agency called the Advanced Research Projects Agency for Health to develop breakthrough treatments for cancer and Alzheimer s, an endeavor that the White House said will cost about $6.5 billion.
“We want to be able to continue the basic research that has made America the place to go when it comes to these discoveries, but we want to try to trigger transformation faster,” Health and Human Services Secretary Xavier Becerra said Thursday. “What we think we can do is help make things cook a lot faster by putting some additional money into that research and development.”