BIO September Congressional Priorities
The Biotechnology Innovation Organization (BIO) says its priorities for when Congress returns in September are reauthorization of the FDA Pediatric Priority Review Voucher (PPRV) program and the Small Business Innovation Research/ Small Business Technology Transfer (SBIR/STTR) seed-funding program. An online statement says patients and innovators have been relying on PPRV to enable treatments for rare diseases affecting children for 15 years. It had been renewed with bipartisan support until it sunset last year, it says.
“It costs taxpayers nothing, and it’s hanging in limbo right now,” the statement says. “Congress needs to understand the urgency and what is truly at stake. For the rare disease community, PPRV means hope.”
BIO says SBIR/STTR provides $4 billion for thousands of small and medium-sized companies each year, driving 12% of all FDA-approved drugs. It says that for years, Congress has reauthorized the program with bipartisan support.
The association says it will also be working to educate the administration and Congress about the impact that policies like Most Favored Nation pricing and tariffs would have on America’s economic and national security and how such policies would disrupt the country’s ability to develop future treatments and cures.