Good Day BIO: Price negotiation? Try price ‘extortion.’
March 17, 2022
There’s a lot to unpack from yesterday’s Senate Finance hearing on drug price controls—here are the facts (and a few tired myths). Also, BIO member LanzaTech testified yesterday on how the government can support biotech solutions and BIO’s Dr. Cartier Esham will…
The only newsletter at the intersection of biotech, politics, and policy
March 17, 2022
There’s a lot to unpack from yesterday’s Senate Finance hearing on drug price controls—here are the facts (and a few tired myths). Also, BIO member LanzaTech testified yesterday on how the government can support biotech solutions and BIO’s Dr. Cartier Esham will testify today on PDUFA riders. (832 words, 4 minutes, 9 seconds)
Early-bird registration for the 2022 BIO International Convention in San Diego, California ends today! Join us to explore ‘LIMITLESS’ possibilities and seize today's unprecedented momentum to realize a biotech-driven future where we can cure disease, and create a healthier world through science.
STAT News: With infections spiking in Europe and a variant on the rise, experts warn the U.S. could face a COVID resurgence “Most people who are up to date with their COVID-19 shots remain strongly protected against severe outcomes.”
The government has a role in many stages “from basic research to scale up and commercialization,”she explained. Notably, the Dept. of Energy’s Bioenergy Technologies Office and Office of Science, as well as the Advanced Research Project Agency - Energy (ARPA-E) have supported LanzaTech in various projects.
An excellent case study in public-private collaboration: LanzaTech’s work with the Pacific Northwest National Laboratory (PNNL). “LanzaTech developed the ethanol-based ATJ (alcohol-to-jet) technology platform in collaboration with PNNL,” using a combination of private and federal support.
“DOE funding is needed throughout the technology development timeline—from basic research through commercialization.”
DOE should have the tools to “accelerate the pace of project selection and execution.”
A real clean energy transition requires replacing fossil-fuel carbon in all products, not just fuels.
All waste carbon should be used to replace fossil fuel inputs.
“We need to address and discuss sustainable feedstocks, and how to best increase the global supply of alternative fuels,”agreed Rep. Sean Casten (D-IL). Rep. Casten went on to ask Dr. Harmon what policies are needed for greater Sustainable Aviation Fuel (SAF) production. One option Dr. Harmon highlighted is the SAF blenders tax credit.
Dr. Jennifer Holmgren is CEO of LanzaTech (and a member of BIO’s Executive Committee). She’s received many awards for her work and her leadership, including the 2015 U.S. EPA Presidential Green Chemistry Award and BIO’s Rosalind Franklin Award.