Results tagged “biotechnology” from Innovations

By Meghan McCarthy, CQ Staff

No matter who wins November's presidential election, biotech drug manufacturers are unlikely to get the 14-year period of data exclusivity they seek as part of follow-on biologics drug legislation, according to the candidates' top health policy advisers.

At an annual generics industry conference last week hosted by the Generic Pharmaceutical Association (GPhA), Douglas Holtz-Eakin, adviser to GOP nominee John McCain , and Dora Hughes, senior health adviser to Democratic nominee Barack Obama , said both candidates support the shortest time period possible.

By Meghan McCarthy, CQ Staff

More competition among manufacturers of brand name and generic will create better and cheaper biotech drugs, according to a study released Wednesday by the generic pharmaceutical company Teva Pharmaceuticals USA.

Conducted by Boston University Economics Professor Larry Kotlikoff, the study invokes traditional economic theory as it argues that monopolies discourage innovation, which flourishes in a competitive environment.

Maryland has been trying to encourage the development of new medical devices and treatments by offering $6 million in tax credits to biotech startups. Now in its third year, the program - for the first time - saw company officials camping out on the sidewalk, hoping to get their share of a limited pot, The Washington Post reports. Maryland Gov. Martin O'Malley says he hopes to raise the tax credits to $24 million by 2013.

Web pick posted by Neil Savage, Xconomy.com