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The Boston Globe

Business

Budget, health fights worrying biotechs at BIO

Climate of uncertainty called a drag on industry

The biotechnology industry, already grappling with funding, research, and reimbursement challenges, has some new worries: how federal budget cuts and the impending Supreme Court decision on President Obama’s health care law could scramble their business calculations.

Among concerns cited by executives Wednesday at the Biotechnology Industry Organization's annual convention in Boston were potential cuts in National Institutes of Health grants, which could dampen the basic research that is the lifeblood of medical innovation. Also, they said, a high court ruling invalidating the Affordable Care Act could strip away a protection that gives biotech companies a dozen years of exclusive rights to the data underpinning their drugs.

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