USMCA deal gives China a ‘greenlight to steal American intellectual property’ BIO CEO says

Democrats have prevailed in their fight to remove a guarantee of market exclusivity for biologics from the United States Canada Mexico Agreement, infuriating the biopharmaceutical industry.

BIO and PhRMA condemned President Donald Trump and House Speaker Nancy Pelosi, accusing them of abandoning America’s biopharmaceutical companies and imperiling innovation. The Trump administration and Pelosi “have forsaken a sector in which America leads the world, and which promises to be a key sector of our 21st sector economy,” BIO President and CEO Jim Greenwood said in a statement. ...