7/31/2014 10:54:00 AM
WASHINGTON--(BUSINESS WIRE)--The Association of Clinical Research Organizations (ACRO) released the following statement in support of the COMPETE Act of 2014 introduced today by Senator Tom Carper (D-DE):
“The COMPETE Act is aptly named as it will help make the United States more globally competitive in research and development, especially in the biomedical research field. This thoughtful piece of legislation will expand, simplify and make permanent the federal R&D tax credit, and recognizes the increasingly important role contract research plays in medical innovation. We thank Senator Carper for his foresight and diligence in championing long-awaited R&D reform.
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