Tag Archives: tax credits

How the Orphan Drug Tax Credit Leverages MDA’s Fight against Rare Genetic Diseases

dna_peoplefigures

In the early 1950s, a small group of concerned parents, people with muscular dystrophy and their friends started a volunteer organization, the Muscular Dystrophy Association (MDA), to raise money for research into the causes of rare genetic diseases that mysteriously destroyed muscles and shortened lives. In the decades since — thanks to the support of a caring public and vital corporate partnerships — MDA has become a leading voluntary health agency, funding research in academic Read More >

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NORD Urges Congress: Don’t Cut Orphan Drug Tax Credit

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This week, the National Organization of Rare Disorders (NORD) and more than 70 patient organizations sent a letter to key members of Congress in support of maintaining the Orphan Drug Tax Credit. Representing millions of American men, women and children suffering from rare diseases, the organizations voice strong support for the Orphan Drug Tax Credit (ODTC) and urge Congress to keep this critical tax credit in place as tax reform proposals are developed. According to Read More >

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Sen. Bob Menendez & William Waddill on the Therapeutic Discovery Project

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Senator Bob Menendez (D-NJ), at the March 6th Senate Banking, Housing and Urban Affairs hearing, emphasizes the effectiveness of the 2010 Therapeutic Discovery Project, the need to extend the program, and asks William Waddill, CFO/SVP of OncoMed Pharmaceuticals to share his company’s success story as a result of receiving an award. Read testimony from Waddill on the importance of capital formation.

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Poultry, Beef Producers Tell Their Story to House Ag Committee

Grain

On Sept. 14, the House Agriculture Subcommittee on Livestock, Dairy, and Poultry held a public hearing to examine the issue of feed availability and its effect on the livestock, dairy, and poultry industries. Members of the subcommittee heard testimony from animal producers and their industry associations, who as a group called for an end to the Renewable Fuel Standard and other biofuel support policies or at minimum a suspension of the RFS if corn supplies Read More >

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State Deficits to Shrink & Taxes Drop – Good News for Biotech

Michigan State Capitol dome interior, Lansing, MI

Forecasters at the National Conference of State Legislatures’ 2011 Legislative Summit expect a dramatic reduction of state deficits in the coming years, along with business-friendly tax-cuts. The projections are based on a survey of budget officials in all 50 states last month, said Corina Eckl, director of state services for NCSL. Eckl also noted an emerging trend in which state governors and legislatures are allowing for the expiration of temporary business taxes. Notably, the Michigan Business Read More >

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