Cost & Value of Biopharmaceuticals

Biopharmaceutical innovation saves lives. It also saves money. Every reduced hospital stay, every surgery avoided, every inoculation can help reduce health care costs and help ensure a better quality of life for friends and loved ones. We are making important progress in addressing the diseases that steal our time with loved ones and burden our health care system.

Press Releases

Using March-In as a Price Control Mechanism Is a “Dangerous Precedent To Set”

December 7, 2023

The White House just announced plans to use Bayh-Dole “march-in rights” to step in and license patent rights of drugs “developed with federal funding” to other manufacturers when the price of the drug is deemed too high. BIO's Chief Advocacy Officer, Nick Shipley, made the following statement: …

ORPHAN Cures Act a "welcome and bipartisan fix" to the IRA's negative impact on drug development

September 18, 2023

Representatives John Joyce, M.D. (R-PA) and Wiley Nickel (D-NC) today introduced the Optimizing Research Progress Hope And New Cures (ORPHAN Cures Act). BIO President and CEO, Rachel King, made the following remarks: "This legislation is a welcome and bipartisan fix to the Inflation Reduction Act…

BIO Statement on CMS Announcement of First 10 Drugs Subject to Price Controls Under IRA

August 29, 2023

The Biden Administration today unveiled the first 10 prescription drugs that will be subject to price controls under the Inflation Reduction Act (IRA). Rachel King, BIO interim President and CEO, made the following statement: The Medicare price control provisions of the IRA are already…

Why are seniors paying so much out of pocket for their medicines?

Advocate Toolkit

Watch More Videos

Join BIOAction

Featured Infographic

International Reference Pricing

Policymakers in Washington D.C. have offered various drug pricing proposals that would replace the current free and fair market-based system for determining the value of prescription medicines with a system based on international reference pricing.

Learn More

Become an Advocate for Biotechnology

Sign-up to join BIOAction, BIO's grassroots advocacy program. You will be notified about relevant policy issues where we need you to contact your lawmaker.

Join BIOAction

BIO Advocacy Toolkit

We’ve made it easier for you to access information and share content about biotechnology and prescription medicines. Learn more about dozens of topics and then share information you discover on Twitter, Facebook, and LinkedIn.

Discover More