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Abu Dhabi Issues First BioTech Inventor-Class Golden Visa to Catalyze “Made-In-Abu-Dhabi IP” to Rockefeller University Inventor Dr Kambiz Shekdar, PhD

Dr Kambiz Shekdar said: "I gratefully take this opportunity as my solemn commitment to help build up the BioTech sector in Abu Dhabi with the same home-grown can-do-and-have-done record of accomplishment demonstrated by Emirati leadership, its people, and nation, and to do so collegially with the best of the best of the world's human capital across frontier technologies who, like myself, are drawn to the UAE with the thirst to pioneer and build better like only possible in the red-hot entrepreneurial climate of the UAE."

Investing In Health Could Be Key to Tackling Great Resignation, Argues New Report

A new report published today highlights that investing in preventative health measures will be crucial to support people to stay in and return to the workforce following the pandemic.

Summation

  • The report highlights that 1 in 3 workers in the labor market is aged 50+ (34% of the workforce) and this could rise to 42% of the workforce by 2035, with the proper support and incentives.
  • ILC-UK, the UK's specialist think tank on the impact of longevity on society, calls on the government to increase spending on preventative health interventions like vaccinations, screenings, early detection and management of disease, alongside greater support for older people's paid and unpaid contributions.
  • If the employment of people aged 50+ could be raised to the levels seen in Iceland, the US could see a 4% GDP gain ($703 billion) – that's more than the US currently spends on defense.

A new report published by the International Longevity Centre UK (ILC-UK) today finds that the US economy is increasingly reliant on older workers, volunteers, caregivers, and spenders. And if the Government and employers fail to create an attractive offer for workers of all ages, they will pay the price.

The report highlights that 1 in 3 workers in the labor market is aged 50+ (34% of the workforce) and this could rise to 42% of the workforce by 2035, with the proper support and incentives. In 2018, workers aged 50 and over generated nearly 2 in every 5 dollars earned in the US economy, accounting for around 15% of GDP.

If the employment of people aged 50+ could be raised to the levels seen in Iceland, the US could see a 4% GDP gain ($703 billion) – that’s more than the US currently spends on defense.

The report, published as part of a wider global series, shows that American seniors are also spending more and accounting for a growing share of the consumer market. Spending by older households (those led by people aged 50 and over) in the US averaged 20% of GDP in 2015, on aggregate amounting to $3.6 trillion – more than the GDP of Germany.

And seniors’ unpaid contributions, such as caregiving, volunteering, and looking after grandchildren, significantly boost the economy. In the US, people aged 65+ spend (on average) 10 more hours caring for loved ones in their household than people at other ages. And if remunerated, volunteering by people aged 50+ in the US would account for nearly $60 billion annually.

However, ILC-UK – part of a global consortium of organizations on longevity, including ILC-US – warns that these contributions could be much higher if avoidable barriers to working and spending were overcome. To combat the growing numbers of people leaving the workforce and aid the post-pandemic recovery, the report argues a key driver is investing in health.

In comparing the world’s largest economies, the “Health equals wealth” report finds that in G20 countries that spend more on health, older people work more, spend more and volunteer more. Indeed, increasing preventative health spending by just 0.1 percentage points is associated with a 9% increase in annual spending by people aged 60 and over and ten more volunteer hours for each person aged 65 or over.

ILC-UK, the UK’s specialist think tank on the impact of longevity on society, calls on the government to increase spending on preventative health interventions like vaccinations, screenings, early detection and management of disease, alongside greater support for older people’s paid and unpaid contributions.

David Sinclair, Chief Executive of ILC-UK, argued:

“The Great Resignation is not purely a result of the pandemic. Countries have long failed to adequately respond and adapt to an aging workforce.”

“As people live and work for longer, the Government will have to innovate and think about how to foster health and wellbeing, flexibility, and skills to create a workplace that works for the future. If we continue with business-as-usual, we will see huge shortfalls hitting all sectors of the economy. Building back better means bringing people of all ages with us.”

“The COVID-19 pandemic has created an exceptional opportunity for the Government to prioritize health and act further to support older people. Amidst the devastation it has caused, it has shown us how our economies are linked to health and exposed the dangers of under-investing in prevention. Let’s use this shift in mindset to commit the funds today that we’ll need to realize a longevity dividend tomorrow.”


Other non-profit news items can be found here.

PathKeeper Surgical Selected to Exhibit at Vizient Innovative Technology Exchange

"We are very excited to bring PathKeeper Surgical to the Vizient Innovative Technology Exchange," said Erez Lampert, CEO of PathKeeper. "Our mission is to revolutionize the spine surgical landscape by integrating advanced technologies that prioritize patient safety and surgical precision. Our advancement significantly enhances surgical workflows and reduces radiation exposure, benefiting both patients and medical professionals. We are excited to bring our innovative solution to market with Vizient, where it can make a real difference in diverse surgical settings, democratizing technology for spine surgeons and patients everywhere."

Virtual-Ports Receives CE Certification for Revolutionary Surgical Products

Virtual-Ports is renowned for their single-hand, multi-application design/solutions and are set to revolutionize abdominal surgery by significantly improving visibility and access within the surgical space.

Adagio Medical Reports 1st European Commercial Procedures and Commencement of U.S. FDA Pivotal IDE for Ventricular Tachycardia Cryoablation System

Adagio Medical, Inc. (“Adagio Medical”, “Adagio” or the “Company”), a leading innovator in catheter ablation technologies for ventricular tachycardia (“VT”) and atrial fibrillation (“AF”),...
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