The biotechnology industry, already grappling with funding, research, and reimbursement challenges, has some new worries: how federal budget cuts and the upcoming Supreme Court decision on President Obama’s health care law could scramble their business calculations. Among other things, executives said Wednesday at the Biotechnology Industry Organization's convention in Boston, cutting National Institutes of Health grants could dampen the basic research that is the lifeblood of medical innovations while a high court ruling that invalidates the Affordable Care Act could strip away a protection that gives biotech companies a dozen years of exclusive rights to the data underpinning their protein-based drugs.
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