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Good Day BIO Newsletter  •  February 11, 2020
The President’s budget was released yesterday (Monday, February 10)—and everyone was waiting for details on the international price index or other plans around drug pricing. The good news: the budget didn’t mention IPI specifically, or any foreign reference pricing policy, for that matter. The not-so-good news: there’s still a lot of uncertainty around what will happen with drug pricing. So, what is in the budget? Here’s what you need to know, in a special edition of Good Day BIO. (And it's just about 2 and a half minutes, under 500 words!)
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How can we incentivize innovation? Wall Street, Washington insiders, and biotechs discuss.
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Good Day BIO Newsletter  •  February 11, 2020
We’re seeing an “extraordinary level” of biotech innovation, said BIO Chair Jeremy Levin, CEO of Ovid Therapeutics Inc., while kicking off the 22nd BIO CEO & Investor Conference on February 10th in New York. Day #1 of the conference featured discussions on the breakthrough therapies of the future. But alongside the exciting science are very real challenges: low public perception of the industry, political chaos, industry consolidation geopolitical challenges, and of course, incentivizing the development and investment in breakthrough cures.How do we incentivize funding for these new cures and ensure policy supports bringing them to market?Wall Street investors, Washington experts, and innovative CEOs and scientists from around the world provided some ideas, but one thing’s clear: both the scientists and the policymakers must put patients first. Here’s a look at the opportunities and challenges ahead, in this special edition of Good Day BIO on the Road, in just over 1,000 words, which you can read in about 5 minutes.
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Good Day BIO Newsletter  •  February 10, 2020
Greetings from the BIO CEO & Investor Conference in New York! Good Day BIO is on the scene to bring you the biggest news from the next two days. In the meantime, we have a big announcement, plus news on when you can expect POTUS to release his budget. (Hint: Today.) Keep an eye out for a Special Edition of GoodDay BIO tomorrow afternoon with an analysis from our policy experts.  Here are about 570 words, which you can read in less than 3 minutes. 
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A Patient Advocate’s Perspective on Foreign Price Controls
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Human Health, Patient Advocacy, Cost & Value of Biopharmaceuticals  •  Press Release  •  February 7, 2020
In a new video, Cynthia Bens, patient advocate and Senior Vice President of Public Policy at the Personalized Medicine Coalition, shares her views on how adopting foreign price controls for prescription medicines will impact patients in the U.S.   “I wouldn’t say the President’s proposal for reference pricing is the right way to deal with drug pricing issues. We need to look at the problem holistically. …   “What’s really challenging, right now, is all of the estimates on what the president’s foreign reference pricing proposal really means for patients is that there’s going to be a reduction in research and development. …   “The harms of the foreign reference pricing proposal really outweigh the benefits that patients are going to see.”  To learn more about the flaws of importing foreign price controls, visit bio.org/save-cures. ###  
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PFDD: BIO Comments on FDA Guidance Incorporating Clinical Outcome Assessments into Endpoints for Regulatory Decision Making
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Human Health  •  Letters, Testimony & Comments  •  February 7, 2020
February 3, 2020 Dear Sir/Madam: The Biotechnology Innovation Organization (BIO) thanks the Food and Drug Administration (FDA or Agency) for the opportunity to submit comments regarding FDA’s public workshop on Patient-Focused Drug Development Guidance: Incorporating Clinical Outcome Assessments into Endpoints for Regulatory Decision Making. BIO appreciates FDA’s efforts to hold public workshops and develop a series of guidance documents to assist reviewers, drug developers, patient organizations, and other stakeholders with the collection, analysis, and use of patient experience data (PED) for drug development and regulatory decision-making. In general, BIO believes that guidance documents 1-3, and now the discussion guide for Guidance 4, facilitate the advancement and use of systematic approaches to collect meaningful patient and caregiver input that could better inform medical product development and regulatory decision-making. BIO believes that the discussion guide for guidance 4 is clear and concise, includes several instructive examples, and complements and builds upon concepts included in Guidance 3. However, there are several technical topics that would benefit from additional detail and/or case examples in the Discussion Guide for Guidance 4. We have tried to specify what these areas are and where case examples would be helpful. Additionally, across all PFDD guidance and discussion documents there are many connections and interdependencies; BIO believes that the guidance series would greatly benefit from additional cross-referencing between guidance documents. Because this Discussion Guide will inform the 4th guidance in the series, in addition to providing feedback on Discussion Guide for Guidance 4, we have also provided feedback that may not necessarily need to be addressed in Guidance 4 but that we strongly feel should be addressed in the guidance series so as to best encourage the collection and use of PED for drug development and regulatory…
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These microbes are eating up carbon—and making fuel
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Good Day BIO Newsletter  •  February 7, 2020
It’s the weekend, but we already can’t wait until Monday—because it’s the BIO CEO & Investor Summit AND we’ve got some big news you’ll want to get your earbuds ready for… In the meantime, here are around 970 words (just under 5 minutes) on a BIO member using microbes to clean up carbon emissions and proposed SEC rules that will help create transparency and protect investors in the biotech space.
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BIO's 2020 Special 301 Submission
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Intellectual Property, Patents  •  Letters, Testimony & Comments  •  February 6, 2020
Section 182 of the Trade Act of 1974, known as the “Special 301” provisions, requires the United States Trade Representative to identify countries that deny adequate and effective intellectual property protections or fair and equitable market access to U.S. persons who rely on IP protection. As part of the 2020 Special 301 Review process conducted by USTR, Justin Pine prepared BIO’s formal submission and presented oral testimony to USTR and the interagency Special 301 subcommittee highlighting the IP issues facing our members in key markets around the world.
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Matters of the heart
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Good Day BIO Newsletter  •  February 6, 2020
If the past few weeks in Washington made your heart rate rise, you'll want to read our new report on how much investment is needed in new cardiovascular therapies. We've also got an announcement about one of our conferences. Here are about 830 words, or just over 4 minutes.
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What President Trump said about drug pricing in the State of the Union
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Good Day BIO Newsletter  •  February 5, 2020
As we predicted, President Trump talked about drug pricing in last night’s State of the Union. Here’s exactly what he said, in about 550 words, or just over 2 minutes.
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Patients, Scientists and Researchers Will Be Watching the State of the Union
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Human Health, Reimbursement & Access, Cost & Value of Biopharmaceuticals  •  Press Release  •  February 4, 2020
Ahead of tonight’s State of the Union Address, Jim Greenwood, President and CEO of the Biotechnology Innovation Organization, shared what he hopes President Trump will say to America’s patients counting on the development of new medicines and cures, and the scientists and researchers working in labs across the country to produce them.    “What I hope [the President] doesn’t do is demonize the industry. BIO represents about 1,000 companies, most of them are small little outfits with a handful of scientists trying to cure diseases that have brutalized humans forever and we’re making tremendous progress. As long as we can follow the right moral precepts, I think we can get the job done and make patients have access to the medicines they need. ... “No patient should ever do without the medicine that he or she needs because they cannot afford what’s required to come from their pockets. “No policy should ever be acceptable to Congress, the President, a Governor or state legislator if it tends to drive investment away from biotech innovation, because there is a tremendous amount of hope resting there for patients if we can just keep the science going." To learn more about the flaws of importing foreign price controls, visit bio.org/save-cures.  ###  
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