BIO Says Clinton Campaign Proposal will hamper treatments, access.
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Press Release Summary:
According to BIO's Jim Greenwood, one proposal released by Hillary Clinton's campaign "would do irreparable harm to the nation’s health innovation system." Consequences cited included "significantly" hindering emerging biotech companies from developing new cures/therapies needed by patients. Railing against "intrusive government regulation," Greenwood cited past bipartisan rebuffs of provisions of Clinton's plan and said results would include fewer medicines and restricted access to them.
Original Press Release:
Clinton Campaign Proposal Would Hamper Patient Access to Innovative New Cures and Therapies
WASHINGTON--Biotechnology Industry Organization (BIO) President and CEO Jim Greenwood issued the following statement today:
“The proposal released today by the Clinton campaign would do irreparable harm to the nation’s health innovation system, significantly hindering the ability of emerging biotechnology companies to develop the new cures and therapies that patients need to live longer, more productive lives. Intrusive government regulation of a system that relies on entrepreneurial vision and private capital is a recipe for failure. The provisions of the Clinton plan have been proposed many times in the past, and have always been rebuffed on a bipartisan basis because of the widely recognized fact that they are simply bad ideas for patients. We believe that fewer medicines would be produced and patient access to those medicines would be limited if the government set prices and became involved in private sector research and development.”
About BIO
BIO is the world's largest trade association representing 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. BIOtechNOW is BIO's blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.
Upcoming BIO Events
BIO International Convention
June 6-9, 2016
San Francisco, Calif.
BIO Latin America Conference
October 14-16, 2015
Rio de Janeiro, Brazil
PMC/BIO Solutions Summit
October 14, 2015
Washington, D.C.
BIO Investor Forum
October 20-21, 2015
San Francisco, Calif.
BIO-Europe
November 2-4, 2015
Munich, Germany
BIO IP Counsels Committee Conference
November 16-18, 2015
Cary/Raleigh, NC
BIO CEO & Investor Conference
February 8-9, 2016
New York, New York
13th Annual BIO Asia International Conference
March 15-16, 2016
Tokyo, Japan
Contacts
Biotechnology Industry Organization
Daniel Seaton, 202-470-5207
Web: www.bio.org
Blog: www.biotech-now.org
Twitter: @IAmBiotech
