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Obama signs bill to fund 'Moonshot' research to cure cancer

The bill also authorizes spending for drug treatment and substance abuse prevention.
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Reuters

Several months after President Obama laid out his plans to cure cancer in his last State of the Union address, he is signing legislation to do just that. Known as the 21st Century Cures Act, the bill will invest $1.8 billion in a Cancer Moonshot Task Force led by Vice President Joe Biden that aims to achieve a decade's worth of research in just five years. In so doing, the team hopes to ramp up science and technological progress to the point where a cure for cancer can be found.

"We are bringing to reality the possibility of new breakthroughs to some of the biggest health challenges of our time," said Obama in a ceremony today. "We're tackling cancer, brain disease, substance abuse disorders and more, and none of this would have been possible without bipartisan cooperation from both houses of Congress."

The overall bill plans $6.3 billion to not just tackle cancer research but also brain research, substance abuse prevention and to streamline drug and medical device approval.

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