Latest From Biotech Now

Oregon County Decisively Votes Down GE Crop Ban Ballot Measure

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Former heavyweight boxing champion Mike Tyson famously said “Everybody has a plan until they get punched in the mouth.” On Tuesday, the strategy of Oregon anti-GMO groups to convince residents in various counties to approve ballot initiatives banning the cultivation of genetically engineered (GE) crops was dropped to the canvas when the voters of Benton County overwhelming rejected Measure 2-89, the so-called Benton County Local Food Ordinance. Named after U.S. Senator Thomas Hart Benton of Read More >

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John Lechleiter Forbes Op-Ed: Debunking the Five Big Myths About ‘Big Pharma’

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This week, Eli Lilly and Company President, Chairman and CEO John Lechleiter refutes five big myths about big pharma in this Forbes opinion piece. He points to these five biggest industry myths as ‘routinely poisoning debates, obscuring genuine problems, and distorting policy recommendations on health care.’ In short (excerpts): Myth #1 Pharmaceutical companies exaggerate the costs of developing new medicines to justify high prices. In fact: The research and development (R&D) expenditures of this industry Read More >

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More Than 90 Patient Organizations Urge Congress to Protect Patients and Innovation

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Today, the Epilepsy Foundation and a diverse group of more than 90 advocacy organizations submitted a letter to the House and Senate Judiciary Committees urging Congress to maintain a strong and secure patent system that encourages investments in innovative treatments and devices as it considers comprehensive patent reform. Together, our organizations represent millions of individuals waiting for the next breakthrough treatment, and hopefully, cure. Without strong patents, many innovative ideas will not make it from the Read More >

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Solazyme CEO Jonathan S. Wolfson to Receive the 2015 BIO George Washington Carver Award

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In recent news, BIO has named Solazyme CEO and co-founder Jonathan S. Wolfson as the recipient of its 2015 George Washington Carver Award for innovation in industrial biotechnology. George Washington Carver was one of the founding fathers of the chemurgy movement, a branch of applied chemistry focused on manufacturing industrial products from raw agricultural materials. Industrial biotechnology is the modern-day equivalent of Carver’s vision for chemurgy, and the award honors individuals for carrying on Carver’s legacy. “I Read More >

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Morning Consult: Right-Sized Regulations, Innovation and Investor Protection

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Today, an op-ed from BIO President and CEO Jim Greenwood appeared in Morning Consult stressing the importance of investor protection by reforming eXtensible Business Reporting Language (XBRL), which is a one-size-fits-all costly reporting requirement that can harm company growth and investor returns. Congressman Robert Hurt (R-VA) introduced a bill – the Small Company Disclosure Simplification Act (H.R. 1965) – that would provide a temporary exemption from XBRL for newly public and low-revenue companies in order Read More >

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