Latest From Biotech Now

Bill Gates is Right

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In a recent Bloomberg interview, Microsoft founder and noted philanthropist Bill Gates debunked much of the recent criticism of the biopharmaceutical industry and the drug pricing system in the United States, stating: “The current system is better than most other systems one can imagine … The drug companies are turning out miracles, and we need their R&D budgets to stay strong. They need to see the opportunity.” Gates also praised the innovations that are coming Read More >

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Once Again Greenpeace is in the Hotseat!

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Do you remember in 2013 when a large group of angry farmers attacked and destroyed a field trial of genetically modified rice in the Philippines? It made headlines across the globe because GM rice has shown to have the potential to reduce Vitamin-A deficiencies causing blindness and death in many children living in the developing world. We later learned that these attackers weren’t all farmers but in fact were mostly Greenpeace activists. Ironic since Greenpeace’s motto is to “change attitudes and Read More >

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Bioscience Report Shows Industry Creating Jobs and Driving Innovation

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BIO’s most recent industry-focused economic development report shows increased employment within the U.S. bioscience industry for the last four consecutive years. The report also shows impressive bioscience industry strength and resilience, with employment growth of nearly 10 percent since 2001. Among technology sectors the bioscience industry has been a leading performer over this period. Among the most impressive finding from the report is the strong track record of growth of the biosciences, particularly when compared Read More >

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Bloomberg Caught Spreading Another Inaccurate “False Alarm” About Drug Prices

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I was deeply disturbed by Bloomberg’s inaccurate report this morning that attempted to examine drug costs. The article claims it “decodes [our industry’s]…pricing practices.” But, in reality, it does no such thing. It fails to take in the full picture of biopharmaceutical successes and failures; admits its “proof” is merely guesstimates from an organization that wasn’t involved in pricing decisions; and in some cases, it just plain gets the facts wrong. First, this article myopically Read More >

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ICYMI: Gov. Tom Ridge, Tara O’Toole on Investing in Bioscience to Protect Against Bioterror

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Writing in the Pittsburgh Post-Gazette last week, Governor Tom Ridge and Tara O’Toole remind us that dangerous diseases are emerging more and more frequently, and that investment in bioscience is critical to fight these drug-resistant infections. When we cannot or fail to halt this spread, they create epidemics. This summer, the world is struggling to contain the spread of the Zika virus. Last fall, it was Ebola. Before that, it was MERS, SARS, avian flu. Read More >

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