WASHINGTON, D.C. (March 9, 2009) – The Biotechnology Industry Organization (BIO) lauded President Barack Obama’s Executive Order to allow the National Institutes of Health (NIH) to fund research using embryonic stem cells. The NIH was previously able to fund research only on a very limited number of stem cell lines.
“We fully support and are enthusiastic about President Obama’s decision to allow the NIH to fund embryonic stem cell research,” said Jim Greenwood, president and CEO of BIO. “BIO believes that research on both adult and embryonic stem cells holds great promise to produce new therapies and possibly cures for the millions of patients in the U.S. and around the world suffering from cancer, diabetes, Alzheimer’s, Parkinson’s, spinal cord injuries and other life-threatening diseases and conditions.”
Embryonic stem cell research will also further the development of cell-based therapies by leading to greater scientific understanding of cell differentiation (the process by which cells become specialized to perform certain functions) and proliferation (the process by which cells expand or multiply for controlled use as a potential therapeutic).
“Today’s action to expand NIH funding of stem cell research is a welcome and critical step. But it is only the first step in a very long and complex process to move from the promise of research to the reality of new therapies and cures for patients,” continued Greenwood. “To fulfill this promise, we need the advanced research capabilities and product development expertise of biotechnology companies. And for biotechnology companies to succeed, we need to ensure that we have public policies in place which encourage innovation by protecting intellectual property, fully funding and appropriately staffing the Food and Drug Administration, and providing adequate reimbursement.”
“We look forward to working with Congress and the Administration to develop public policies that enable our industry to turn the hope of basic research to the reality of cures and advanced therapies,” Greenwood concluded.
Upcoming BIO Events
March 16-18, 2009
BIO IP Counsels' Committee Conference
March 25–27, 2009
BIO National Venture Conference
March 31–April 1,2009
BIO Windhover 2009
April 13-15, 2009
New York, NY
BIO-LES Business Development Basics Course
May 15–17, 2009
BIO-LES Advanced Business Development Course
May 15–17, 2009
BIO Executive Presentation Workshop
May 17, 2009
BIO Human Resources Conference
May 17-19, 2009
2009 BIO International Convention
May 18-21, 2009
June 9-10, 2009
World Congress on Industrial Biotechnology & Bioprocessing
July 19-22, 2009
Montreal, Quebec, Canada
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.