BIO Applauds Advancement Of H.R. 3299

WASHINGTON--(BUSINESS WIRE)--Biotechnology Innovation Organization (BIO) President and CEO Jim Greenwood released the following statement today regarding yesterday’s passage by the House Energy and Commerce Committee of H.R. 3299, the Strengthening Public Health Emergency Response Act of 2016:

“The bill’s establishment of a Priority Review Voucher (PRV) program for material threat medical countermeasures is a particularly important provision which will help spur investment in the research and development of such products.”

“BIO applauds yesterday’s broad, bipartisan vote by the House Energy & Commerce Committee to advance H.R. 3299, the Strengthening Public Health Emergency Response Act of 2016. If enacted, this bill would take substantial steps to address the many barriers which exist to developing medical countermeasures needed for protection against chemical, biological, radiological and nuclear (CBRN) threats as well as naturally-occurring infectious diseases such as Zika virus and pandemic influenza.

“The bill’s establishment of a Priority Review Voucher (PRV) program for material threat medical countermeasures is a particularly important provision which will help spur investment in the research and development of such products.

“We applaud Representatives Brooks and Eshoo, as well as Chairman Upton, for their leadership in advancing this vital legislation.”

About BIO

BIO is the world’s largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO’s blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.

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