FOR IMMEDIATE RELEASE 04/25/2017
CHAIRMAN SARAH DAVIS PASSES SUNSET EXTENSION FOR THE CANCER PREVENTION INSTITUTE OF TEXAS
AUSTIN, TX- Today, Chairman Sarah Davis passed House Bill 84 and House Bill 63 which extends the expiration date of the Cancer Prevention Institute of Texas (CPRIT) and ensures adequate management of related equity and royalties derived from agency grant disbursements.
"Voters overwhelmingly approved the establishment of the Cancer Prevent Institute of Texas dedicated to the eradication of cancer. I could not be more proud to ensure the will of the voters will be executed to its full extent," said Davis.
Chairman Sarah Davis introduced both House Bill 84 and House Bill 63 during the early filing period for the 85th Legislature due to the vital importance of continuing Texas' fight against cancer. The passage of this critical legislation allows for maximum use of the $3 billion bond authority.
"We are grateful for the passage of House Bill 63 and House Bill 84 and the confidence the House has shown in CPRIT," Wayne Roberts, CEO of CPRIT commented. "The swift approval is a testament to Representative Davis’ tireless work on behalf of the 117,000 Texans who are diagnosed with cancer every year."
The Cancer Prevention Institute's continuance is essential due to the significant impacts the agency has produced for Texans and beyond. Of the three grant types offered, for every dollar granted to product development research, there has been nearly four dollars of private sector follow-on investment, which now totals $1.33 billion. For every screening and or preventative dollar that is spent, $22 in savings to the healthcare system is produced in cost avoidance. Numerous award winning scientists have been recruited with the academic research grants who have both grown research in rare cancers and are responsible for a thriving spin-off bio-sciences community. CPRIT grants and follow on funding have created and maintained over 11,000 direct jobs, and when factoring in secondary effects, Texas has gained over 79,000 new jobs. The continuance of this agency is good for Texans and good for the Texas economy.
Contact: Brigette Dechant