Bill Aims to Extend $1B Small Biotech Credit | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – A new bill in the US House of Representatives aims to revive and extend a temporary program that provided $1 billion for grants and tax credits to small biotech and pharmaceutical firms working on therapies and biomedical innovations.

The one-year Qualifying Therapeutic Discovery Project that was created as part of the Patient Protection and Affordable Care Act under the new bill would provide $1 billion per year between 2011 and 2017.

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