BIO Makes Statement on Medicare drug discount agreement.
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Press Release Summary:
BIO issued a statement regarding the agreement reached among the Obama administration, Pharmaceutical Research and Manufacturers of America (PhRMA), and Senate Finance Committee to close coverage gap in Medicare's prescription drug program. It was said the deal would be examined by measuring its impact on the ability of biotechnology researchers to continue to develop and produce breakthrough medicines and therapies for patients suffering from debilitating diseases.
Original Press Release:
BIO Comments On Medicare Drug Discount Agreement Announced by PhRMA, the White House and Senate Finance Committee
WASHINGTON, D.C. (Monday, June 22, 2009) - The following statement was issued today by the Biotechnology Industry Organization (BIO) regarding the agreement reached among the Obama administration, the Pharmaceutical Research and Manufacturers of America (PhRMA) and the Senate Finance Committee to help close the coverage gap in the Medicare prescription drug program:
"We look forward to reviewing in greater detail the agreement struck among President Obama, PhRMA and the Senate Finance Committee.
"We will examine the deal through the lens of measuring its impact on the ability of biotechnology researchers to continue to develop and produce breakthrough medicines and therapies that extend and improve the quality of life - and provide renewed hope - for patients suffering from debilitating diseases such as cancer, Parkinson's, Multiple Sclerosis and a host of rare diseases.
"We share the goal of ensuring that all Americans have access to high quality health care. We look forward to continuing our participation in the process of reforming our nation's health care system to increase access and reduce costs while promoting the continued development of new therapies and cures."
BIO Events
World Congress on Industrial Biotechnology & Bioprocessing
July 19-22, 2009
Montreal, Quebec, Canada
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October 28-29, 2009
San Francisco, CA
Advanced Business Development Course
October 30, 2009
Vienna, Austria
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November 2-4, 2009
Vienna, Austria
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November 8-11, 2009
Honolulu, HI
About BIO
BIO represents more than 1,200 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world's largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world.
Contact:
Contact Jeff Joseph at 202-962-9230 or jjoseph@bio.org
Stephanie Fischer at 202-312-9263 or sfischer@bio.org
