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PhRMA Statement Supporting Fair Incentives for Biologics Innovation
Date:10/19/2009

. [I]t will be important to preserve sufficient incentives for innovator companies and venture capitalists to commit the substantial investments necessary to develop such discoveries into new biologic treatments...' -- Association of American Universities
  • '[W]e must avoid excessive damage to the system that produces the majority of revolutionary and innovative new biologic drugs. NVCA believes a data exclusivity period of at least 12 years for innovator products is a critical fulcrum in the effort to balance cost with the preservation of biotech innovation.' -- National Venture Capital Association
  • 'This critically important issue has a direct economic impact on our states, our nation's public health, our economic success, and our global leadership in biomedical research. ... 12 years of data exclusivity for biologics represents a critical element needed to ensure appropriate incentives for continued biomedical innovation.' -- Joint letter signed by the Governors of Massachusetts, Connecticut, Colorado, Delaware, Maryland, North Carolina, Oregon, Rhode Island, Puerto Rico and Washington
  • '[I]t would be neither fair nor sound public policy to demand that one company spend millions of dollars to generate expensive data, and then allow another company to use that data for free before the first company has had the chance to recoup its investment. This would mean fewer new biologics for patients and fewer future competitive opportunities for both innovative and biosimilar companies.' -- Dr. Henry Grabowski, Duke University
  • 'Saving money is a hollow victory if it costs lives, and elderly Americans are at the greatest risk. ... 12-year data exclusivity [is] needed to incentivize the development of new medical breakthroughs that our seniors are counting on.' -- RetireSafe
  • 'We strongly believe that the treatments developed through biotechnology will enable better care for a host of debilitating
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  • SOURCE Pharmaceutical Research and Manufacturers of America
    Copyright©2009 PR Newswire.
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