BIO: JOBS bill would offer relief to biopharma, biotech startups

03/29/2012 | Genetic Engineering & Biotechnology News

House lawmakers voted 380-41 to approve the Jumpstart Our Business Startups Act, sending it to President Obama for signing into law. BIO, one of the groups backing the bill, said the act's "on-ramp" provision for initial public offerings will allow biopharmas to focus on disease research. "This legislation incentivizes and encourages capital formation for small, emerging biotechnology companies, speeding the development of new cures and treatments for patients living with debilitating diseases," BIO President and CEO Jim Greenwood said.

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