WASHINGTON--(BUSINESS WIRE)--The Biotechnology Industry Organization (BIO) praises the House and Senate for passage of H.R. 3606, the Jumpstart Our Business Startups (JOBS) Act. The JOBS Act, which is now headed to the White House for President Obama’s signature, will make the pathway to capital formation more attainable for small biotechnology companies, clearing the way for American innovation and ingenuity by removing bureaucratic hurdles and red tape to speed cures and medical breakthroughs to patients.