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A new poll shows voters like the Bayh-Dole Act—but not when it’s used for price controls. Plus, catch up on what’s been happening with PBMs and what we’re watching during World Alzheimer’s Month. (545 words, 2 minutes, 43 seconds) |
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Poll: Voters support Act that protects IP, oppose its use for price controls |
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A large majority of Americans want to preserve the Bayh-Dole Act’s support for innovation and do not want the law misused for drug price controls, a poll released yesterday shows.
The key takeaways: 85% of voters want policymakers to protect Bayh-Dole, says the Morning Consult poll, sponsored by the Bayh-Dole Coalition. Voters are nearly twice as likely to say they’ll support a candidate who wants to protect Bayh-Dole than a candidate planning to change it significantly.
Why it matters: The 1980 law enables universities, non-profits, and small biotechs to own, patent, and commercialize inventions developed through federally funded research. It’s credited with creating 13,000 startups and the market launch of 300 new drugs between 1996-2017.
Why we’re talking about it: While Bayh-Dole allows the government to “march in” and take a patent under limited circumstances, to ensure that publicly funded inventions don't sit on the shelf, some officials are trying to misuse it to control prices.
Voters don’t want that: “77% of voters are concerned that using the Bayh-Dole Act as a price control mechanism could reduce access to cutting-edge treatments for cancer, Alzheimer’s, and rare diseases, “ the Bayh-Dole Coalition notes.
Celebrating Bayh-Dole’s successes: The Bayh-Dole Coalition recently named five recipients of the inaugural Bayh-Dole Coalition American Innovator Award in honor of their life-changing innovations—read more in Bio.News. More News: BIO: New BIO Working Groups give growing ag & environment biotech sector a public policy voice “BIO’s Agriculture & Environment regulatory working groups now include an Agricultural Biologicals Working Group and a Biobased Manufacturing Working Group, as well as a Plant Working Group and an Animal Working Group.” |
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BIO Policy Pulse: PBMs in the Spotlight
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Bipartisan agreement is rare these days, but members of both sides of the aisle agree on one thing: it’s time to reform the way pharmacy benefit managers, or PBMs, take advantage of the American healthcare system. We take a look at what’s been happening and what’s ahead (after the government is funded, of course) – watch here. |
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| Register Now: Pitch Decks 101
| Reserve a BIO Office Hours spot and review your pitch decks with a business development expert. Is your pitch deck tailored to the right audience? Does it reflect the state of your company in an accurate and concise manner? Discuss this and more next week. If you are attending the BIO Investor Forum on October 17-18, this is a great opportunity to perfect your pitch before meeting with investors.
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World Alzheimer’s Month marks progress, work still needed |
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President Biden’s Thursday: Giving a public speech honoring the late Sen. John McCain at the Tempe Center For The Arts before attending a fundraiser in Arizona. What’s Happening on Capitol Hill: We’re watching the continued government funding negotiations. |
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