MedTech Featured Stories

Menendez, BIO call for new life sciences federal tax credits

5/25/2012

U.S. Sen. Robert Menendez, D-N.J., has introduced legislation to resurrect and expand the Therapeutic Discovery Project that supported medical discovery and job creation by life sciences companies in 2009 and 2010.

The program in 2010 provided $1 billion — in the form of grants and tax credits — to nearly 3,000 small companies across the country.

More than $33 million was awarded to Philadelphia area biopharmaceutical companies.

Philadelphia Business Journal

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