Speakers in a policy session at the BIO CEO & Investor Conference on Monday talked about prospective industry changes based on the new administration. Amid the discussion, speakers shared insights on health care reform and agreed that there can no longer be incremental changes, comprehensive health care reform is needed. Based on their inside knowledge of DC, they strongly felt that efforts are well underway to start the debate this year on comprehensive health care reform. Session Information The New Administration & Congress: Short or Loose Change? Monday, February 9th After one of the most exciting and historic presidential elections in recent history, it’s now time to get back to business and ascertain how the current, yet ever-changing, political environment will affect the biotechnology and pharmaceutical industries. Join a lively discussion among congressional staffers, biotech political experts, and policy lawyers as they predict the impact of the change of power on the industry and discuss how the incoming administration will likely come down on the policy matters most critical to the drug development process. Moderator James C. Greenwood; President and CEO, BIO Panelists • Michael R. Bloomberg, Mayor of New York City • Michelle Easton, Partner, Tarplin, & Young; (Former Chief Health and Welfare Counsel, Senate Finance Committee Chairman Max Baucus) • Scott Gottlieb, Resident Fellow at The American Enterprise Institute (Former Deputy Commissioner for Medical and Scientific Affairs, U.S. Food and Drug Administration) • Steve Usdin, Washington Editor, BioCentury Publications Inc.
Who's Who ________________________________________ Michael R. Bloomberg; Mayor Bloomberg is an internationally known businessman and politician and also among the world’s richest with a net worth approaching $5 billion. He is president of Bloomberg Financial Markets and was elected mayor of New York City in 2001. Michael Rubens Bloomberg was born on February 14th, 1942 to middle class parents in Medford, Massachusetts. In 1964 he went to Johns Hopkins University to study a BS in Electrical Engineering and in 1966 he studied a Master of Business Administration degree at Harvard University. After University Bloomberg advanced through the ranks at Salomon Brothers and became a partner in 1972. Soon after, he was supervising all of Salomon's stock trading, sales and information systems, but in 1981, after a merger, he was fired. He received a $10 million severance payout which he used to start a financial data and communications company called Bloomberg LP which sold financial information terminals to Wall Street firms. Bloomberg LP has over 165,000 subscribers worldwide. As the business proved its feasibility, the company branched out and in 1990 launched a news service, and then radio, television, Internet, and publishing operations. Bloomberg Financial Markets is a global, multimedia-based distributor of information services, combining news, data and analysis for global financial markets and businesses. As the company showed strong growth Bloomberg dedicated more of his time to philanthropy, his desire to improve education, medical research and increase access to the arts, has provided the motivation for much of his philanthropy. In 1997 Bloomberg published his autobiography, Bloomberg by Bloomberg. All of the royalties from sales of the book are donated to the Committee to Protect Journalists. In 2001, Michael Bloomberg run for mayor of New York, spending record breaking amounts of his own money on the campaign. He was elected mayor, succeeding Rudy Giuliani. Bloomberg served as the Chairman of the Board Trustees for Johns Hopkins University until May 2002 and was honored when its School of Hygiene and Public Health was renamed “The Bloomberg School of Public Health” a tribute to his leadership and use of philanthropy to improve the human condition.