BIO's Dr. McMurry-Heath Applauds Nasdaq's Proposal on Mandatory Diversity for Listed Companies

Washington, DC (December 2, 2020) - Dr. Michelle McMurry-Heath, President and CEO of the Biotechnology Innovation Organization (BIO), issued the following statement regarding Nasdaq's filing with the Securities and Exchange Commission seeking mandatory board diversity for listed companies:

“The Actions taken by NASDAQ are bold, long overdue and will serve as inspiration for Boardrooms across the nation. The biotech industry has been, and remains committed to promoting inclusivity, by accelerating gender, racial, ethnic and LGBTQ representation. In fact, many of our companies already exceed some of these requirements while we understand more work needs to be done. The goal of inclusion does more than just 'level the playing field' it makes good business sense and helps organizations grow and prosper. BIO is very supportive of Nasdaq’s proposal and looks forward to assisting with the implementation of this initiative in our sector.”

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