It’s National Biotechnology Month, the perfect time to think about the incredible science happening in labs across the country—and how misunderstandings in Washington have the potential to stifle it.
Tell me more. The White House says National Biotechnology Month is an opportunity to “recognize the enormous potential of biotechnology to improve people’s lives here in the United States and around the world,” by developing “new ways to treat cancer, manufacture medicines, generate plastics, and provide America’s farmers and ranchers the tools they need to help feed, fuel, and clothe the world’s growing population, which is expected to surpass 9 billion by 2050.”
What are they doing about it? The statement plugs recent administration actions to “reduce unnecessary regulations, break down barriers to entry into the marketplace, and improve global competitiveness,” and the need to work together to “ensure this booming, innovative industry continues to foster economic growth and American innovation.”
What’s the catch? As biotech companies across the country are researching new science with potential to cure diseases like Alzheimer’s and cancer and combat the superbugs infecting millions, Congress and the Trump administration are considering policies that would put this progress at risk.
The House passed H.R. 3, which includes an international price index that will stymie investment in new cures and make us miss out on potentially dozens of new ones over the next two decades.
This month, we celebrate the “booming, innovative industry” and the groundbreaking science our members are researching—but we’re not throwing a party in Washington just yet, because our priority is explaining to policymakers how these short-sighted policy proposals will stymie biotech’s “enormous potential.”
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The Wall Street Journal: Antibiotic makers struggle, hurting war on superbugs
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