MedTech Featured Stories

Report: Foreign countries want to lure US biotechs

5/21/2012

As the pharmaceutical industry lobbies for several biotech-friendly measures in Washington, an industry group is touting a study that says foreign countries are increasingly adopting biotech-friendly policies in an attempt to lure such companies away from the U.S.

The Battelle Technology Partnership Practice released a report on Monday commissioned by the Pharmaceutical Research and Manufacturers of America (PhRMA) which found that while many countries are cutting budgets, they’re upping research and development incentives to attract biopharmaceutical companies.

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