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Good Day BIO: Gene therapy market will soon follow the science
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Good Day BIO Newsletter  •  February 17, 2022
We recap Day 3 of the CEO & Investor Conference with the outlook on gene therapy and gene editing, and how start-ups can get funding. (784 words, 3 minutes, 55 seconds)
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BIO Letter to OMB on Animal Biotech and the Need to Allow Draft Guidance
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Agriculture & Environment  •  Letters, Testimony & Comments  •  February 16, 2022
The Biotechnology Innovation Organization (BIO) writes this letter to urge the Biden Administration to take specific and immediate steps towards modernizing U.S. oversight of animals derived from biotechnology, especially those intended for agricultural use. Specifically, we ask that the Office of Management and Budget (OMB) allow the Food and Drug Administration (FDA) to promptly publish a draft guidance document for stakeholder notice and comment on proposed changes to FDA’s regulatory framework for animal biotechnology. BIO strongly believes that an effective regulatory framework for the oversight of biotech animals intended for agricultural use should be based upon the following principles: Oversight must protect animal health and welfare, ensure the safety of food and feed derived from the animals, and consider the possible impacts of the animals on the environment. Implementation of oversight must be clear, transparent, efficient, predictable, timely, and based upon the best available science. Risk assessment must be proportionate to the actual risk posed by the specific species/trait combination. Lower-risk, more-familiar traits, including traits that impart health benefits to humans and animals, should be given a more expedited review than traits for which there is less familiarity or greater uncertainty. Once all appropriate safety reviews are completed, the approved animals should be allowed to be treated as any other farm animal in production and commerce. Ongoing post-market regulatory requirements imposed on such animals, even after they have been determined to be as safe as conventional animals, strongly disincentivizes development and commercialization of farm animals with improved traits.  
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Good Day BIO: What was CMS thinking?
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Good Day BIO Newsletter  •  February 16, 2022
We recap Day 2 of the BIO CEO and Investor Conference with what a former CMS Administrator said about the controversial coverage determination and what you need to know about our new FDA Commissioner. (630 words, 3 minutes, 9 seconds)
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BIO Encourages Science-based Oversight for Animal and Plant Biotech as Dr. Califf Takes Helm at FDA
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Agriculture & Environment  •  Press Release  •  February 15, 2022
The following statement may be attributed to BIO's Vice President for Agriculture and Environment Sarah Gallo:  “BIO looks forward to working with a proven leader like Dr. Califf as he takes the helm at FDA. Dr. Califf will lead an agency that contributes to the oversight of animal and plant biotechnology and is indispensable for the safety of our food system. Science is playing an increasingly critical role in our lives, as society navigates public health and environmental challenges. BIO members are developing innovations that stand to benefit people and the planet. But these breakthroughs are dependent on a clear, timely and science-based regulatory approval process that provides a viable path to market. BIO looks forward to working with Dr. Califf to ensure the United States remains a leader in innovation and embraces the solutions that technology provides.”
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BIO Statement on Confirmation of Dr. Califf to Lead FDA
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Press Release  •  February 15, 2022
Dr. Michelle McMurry-Heath, president and CEO of the Biotechnology Innovation Organization (BIO), made the following statement after Dr. Robert Califf was confirmed by the Senate to lead the Food and Drug Administration (FDA): “We congratulate Dr. Califf on his confirmation as FDA commissioner. Dr. Califf is an excellent choice to lead the FDA at this critical juncture. He’s a proven leader whose on-the-job experience and deep understanding of the agency will allow him to hit the ground running. I have known Dr. Califf for many years. He’s effective, inclusive and makes decisions by following the science. He’s driven efforts to modernize clinical trials, including the use of real-world evidence, and he’s pushed for greater diversity in science and clinical trials. BIO looks forward to working with Dr. Califf and his leadership team on these issues and ensuring that more patients, in more communities, have access to the medical breakthroughs they need to live healthier and more productive lives.”
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Good Day BIO: Facts – and ESG – get the funding
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Good Day BIO Newsletter  •  February 15, 2022
In our recap Day 1 of the BIO CEO & Investor Conference, we have advice from investors on how to get funding: good data and good ESG. (682 words, 3 minutes, 24 seconds)
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New BIO Report Examines the State of Antibacterial Innovation
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Industry Analysis Reports  •  Press Release  •  February 14, 2022
Current pipeline “insufficient” to meet the threat of AMR, policy reforms critically needed   The Biotechnology Innovation Organization (BIO) today released a new report examining antibacterial innovation and the current pipeline for new antibacterial medicines, The State of Innovation in Antibacterial Therapeutics. The report analyzes the pipeline for new antibacterial medicines, the market’s unique investment challenges, and potential policy solutions to support the development of new treatments. “Over 1 million people worldwide lost their lives to drug-resistant bacteria in 2019. We urgently need new, effective antimicrobial medicines to keep up with ever-growing resistance,” said Dr. Michelle McMurry-Heath, President and CEO of BIO. “This new report illuminates the unfortunate reality of the antimicrobial market and why policymakers should act now to help address its unique challenges and support innovation.” The report, authored by David Thomas and Chad Wessel of BIO’s Industry Analysis team, includes several key takeaways for the current state of antibacterial innovation: Approved Antibacterial Drugs: Although there have been 164 FDA-approved direct-acting antibacterial new chemical entities (NCEs) since the early 1900s, only one new molecular target NCE has been approved over the last 35 years, illustrating a need to broaden the antibacterial discovery engine. There have been 11 indirect-acting NCEs approved, including seven drugs that work to extend the activity of existing drugs and four monoclonal antibodies specific for exotoxins. Pipeline: The breadth and novelty of the antibacterial clinical-stage pipeline is insufficient to meet the ongoing threat of wide-spread infection from drug-resistant strains. The clinical pipeline contains 54 direct-acting novel chemical or biochemical entities and 10 microbial entities. However, of the non-microbial candidates, 61% have targets for which marketed drugs already exist. More than 38% of candidate…
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Good Day BIO: Antibacterial pipeline ‘insufficient,’ policy reforms critical
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Good Day BIO Newsletter  •  February 14, 2022
It’s Day 1 of the BIO CEO and Investor Conference, and we’re so excited to bring you all the news from New York! In the meantime, we preview BIO’s new report on the antibacterial pipeline and throwback to how biotech is saving Valentine’s Day. (625 words, 3 minutes, 7 seconds)
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Good Day BIO: Biotech unites on CMS coverage decision
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Good Day BIO Newsletter  •  February 11, 2022
Ending the week with what biotech's saying about the CMS decision regarding Aduhelm, how biotech can make fashion more sustainable, and more on California’s new legislation to reinstate key tax benefits. Plus, we celebrate International Day of Women and Girls in Science. (535 words, 2 minutes, 40 seconds)
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Good Day BIO: CA reinstates two key tax provisions
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Good Day BIO Newsletter  •  February 10, 2022
Good news for biotech companies in California, plus how you can participate in a new BBC StoryWorks series highlighting biotech innovations. And with the Super Bowl on Sunday, it’s a good time to talk about CTE. (687 words, 3 minutes, 26 seconds)
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