CURES Act to provide additional medical research funding

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WASHINGTON — The act that aims to provide substantial new funding to health research has been signed into law by President Barack Obama.

The CURES Act was signed into law Tuesday afternoon and is expected to help millions of Americans in the years to come.

“We’re tackling cancer, brain disease, substance abuse disorders and more, and none of this work would have been possible without bipartisan cooperation,” the NY Daily News reported Obama as saying during the signing ceremony at the White House.

The act includes the “Cancer Moonshot” initiative led by Vice President Joe Biden, which gives $1.8 billion to the fight against cancer.

It also includes funding for opioid abuse, mental health treatments, and brain diseases like Alzheimer’s.

According to TIME, the bill also speeds up to approval process for new drugs and medical devices.

“This particular bill is going to allow people to live, live longer, and live healthier, but most of all Mr. president, I think it gives people hope,” said Vice President Biden.