We need to do better in this space.

I appreciate you raising this because I just want to make sure we get this right.

the GAO reported that private equity backed IRBs, I am going to quote here, 'are beholden to their clients or equity holders.'

I appreciate you raising this because I just want to make sure we get this right.

I have long described Federal support for medical research as one of the best investments that our Nation can make.

Now, while most IRBs are affiliated with universities, IRBs that are not associated with any institution, they are known as commercial IRBs, are reviewing a larger share of drug clinical trials.

The GAO reported that private equity backed IRBs, I am going to quote here, 'are beholden to their clients or equity holders.'

For individuals who are experiencing a devastating diagnosis, the promise of a new therapy or a cure provides hope in a profoundly dark time.

I want to say again thank you to Senator Braun for holding this hearing.

The GAO found that an emphasis on profits can lead private equity backed IRBs to rubber stamp reviews of drug clinical trials.

I appreciate you raising this because I just want to make sure we get this right.