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Hill happenings, RWE, and celebrating biodiesel
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Good Day BIO Newsletter  •  March 17, 2023
Ending the week with two hearings that covered Silicon Valley Bank and Mexico’s corn ban—plus, a celebration of National Biodiesel Day (tomorrow) and what BIO’s doing about real-world evidence. (769 words, 3 minutes, 50 seconds)
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SVB Resources
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As we continue to monitor the federal takeover of Silicon Valley Bank, we are working to provide as much information as possible on the situation surrounding Silicon Valley Bank.  If you're looking for additional information, please check out the resources below: FDIC FAQ on Silicon Valley Bank FDIC FAQ on Signature Bank FDIC FSC Fact Sheet on Silicon Valley Bank Failure Bank Term Funding Program to assist impacted financial institutions
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The latest and resources on SVB
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CMS announces first 27 drugs with price control penalties
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Good Day BIO Newsletter  •  March 16, 2023
CMS announced the first 27 drugs to be penalized under the Inflation Reduction Act, and we fact check President Biden’s remarks about drug price controls. Plus, the long-awaited Plant Biostimulant Act was reintroduced yesterday, and we celebrate the first anniversary of ARPA-H. (621 words, 3 minutes, 6 seconds)
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BIO Welcomes John Delacourt as Deputy General Counsel
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Press Release  •  March 15, 2023
Mr. Delacourt is a senior litigator and regulatory counselor with more than a decade of experience advising biotech companies WASHINGTON – (March 15, 2023) – The Biotechnology Innovation Organization (BIO) welcomes John Delacourt as Deputy General Counsel – VP Health, Regulatory, and Commercial Operations. John will work with BIO’s staff to lead legal support for commercial operations and with its membership to ensure patient access to life-saving medicines, bring down barriers to innovation, and promote policies conducive to advances in agriculture and environmental science.  John comes to BIO from another biotech trade group – the Plasma Protein Therapeutics Association (PPTA) – where he served as Chief Legal Officer & Head of Global Policy. While at PPTA, John led the association’s litigation defense and regulatory compliance efforts in both the United States and Europe. He also served as legal advisor to PPTA’s principal governing bodies, including on such issues as drug shortage preparedness, discriminatory labeling practices, and secure handling of biometric data. Prior to joining PPTA, John practiced at major law firms in Washington, D.C. and New York. He also served in senior roles at the Federal Trade Commission, including as Chief Antitrust Counsel of the FTC’s Office of Policy Planning. “John’s healthcare and compliance experience make him a welcome addition to our growing legal team,” said Chief Legal Officer Peter McHugh. “As BIO continues to address the legal challenges presented by the Inflation Reduction Act, advocate for efficient market access for innovative products, and support a favorable environment for biotech investment, we are excited to have John on our side.” John is a graduate of Georgetown University and Harvard Law School.
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SVB and COVID IP
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Good Day BIO Newsletter  •  March 15, 2023
Today, more news and resources on Silicon Valley Bank, plus how you can weigh in on the proposal to expand the waiver of COVID IP. (533 words, 2 minutes, 39 seconds)
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How AI can ‘run evolution at hyperspeed’
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Good Day BIO Newsletter  •  March 14, 2023
Today’s new episode of the I am BIO Podcast explores the power of AI in biotech developments. Plus, we missed National Biobased Products Day—but we explain why we should celebrate them every day. (634 words, 3 minutes, 10 seconds)
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Why AI and Biotech are BFFs
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I am BIO Podcast  •  March 14, 2023
The convergence of Artificial Intelligence (AI) and biotechnology has emerged as one of the most exciting and transformative areas of science. Researchers are developing new tools and technology that could bring about breakthroughs to revolutionize the fields of medicine and health care.  In this episode, we talk with scientists who are using AI to unlock new possibilities in the search for novel drugs, cures, and treatments.
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Silicon Valley Bank and Biotech
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Press Release  •  March 13, 2023
"The ecosystem that allows America to develop groundbreaking new medicines is extremely important to our nation and to patients who depend on biotechnology companies. The recent actions by the FDIC, the Federal Reserve, and Treasury to allow SVB depositors to have access to all of their money is a very positive development to mitigate the potential harm to companies that are innovating across healthcare, agriculture, and the bioeconomy. We will continue to monitor the situation and will work closely with regulators to ensure that companies can meet payroll and continue to fund cutting-edge science and the development of treatments and therapies that patients are relying on." Rachel King President and CEO, BIO
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Silicon Valley Bank and biotech dairy alternatives
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Good Day BIO Newsletter  •  March 13, 2023
We start the week with what you need to know about Silicon Valley Bank and BIO’s response. Plus, The Washington Post looks at how precision fermentation is shaking up the dairy industry. (572 words, 2 minutes, 51 seconds)
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