BioCentury on BioBusiness,
Politics and Policy
Obama proposes reneging on healthcare deal; would cut biologics exclusivity
What one hand giveth . . .
Monday, February 21, 2011
In case there was any doubt, the White House made clear last
week its deal with the Pharmaceutical
Research and Manufacturers of America to support healthcare reform had
a December 2010 expiration date.
PhRMA learned how perishable its deal was on Valentine's day,
when President Obama's fiscal 2012 budget proposal was released. It asked
Congress to abrogate a key part of the PhRMA deal - and the most important
element for the Biotechnology
Industry Organization - by slashing the exclusivity for pioneer
biologics to seven years from the 12 years established in the Patient Protection
and Affordable Care Act.
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