Archive for March 2024
Efforts Continue to Repeal Onerous R&D Amortization Rules
The Tax Relief for American Families and Workers Act of 2024 or HB 7204 was introduced that would, among other things, repeal current rules and allow a business to deduct of R&D costs in the tax year that they occur and thereby incentivize long-term investments in innovation. Such repeal has been a top policy priority…
Read MoreMichBio Hosts Inaugural Life Sciences Legislative Academy
MichBio hosted a unique and exclusive event for legislators, a Michigan Life Sciences Legislative Academy, wherein bio-industry leaders gathered to educate elected officials about the life sciences ecosystem in Michigan, its economics, and unique needs of the industry, as well as pressing issues related to serving patients, developing treatments, and improving the quality of life…
Read MoreState R&D Tax Credit to be Reestablished
A package of bills that would reestablish a state research & development (R&D) tax credit in Michigan – HBs 4368, 5099, 5100, 5101 and 5102 – passed by the Michigan Senate in bipartisan fashion 22-13 on March 19, 2024. As proposed, taxpayers and authorized businesses with 250 or more employees could claim up to $2.0…
Read MoreA Tribute to a Giant of Michigan’s Biosciences Community
James (Jim) Herbert, who passed away recently, was a founding father of Michigan’s biotechnology ecosystem. He brought to his work, and to his life, a passion, a vision and a perseverance rooted in his belief that biotechnology was the way of the future. In so doing, Herbert co-founded and built Neogen, a pioneering multi-national food…
Read MoreTrialAssure Launches Anonymize 3.0 Technology for an Improved Data and Document Anonymization User Experience in Pharma and Beyond
TrialAssure, a leading pharmaceutical technology provider advancing clinical trial disclosure, data sharing, and transparency, announced that its flagship product TrialAssure ANONYMIZE® 3.0 is now available. ANONYMIZE allows users across the pharmaceutical industry the ability to perform data, document, and image anonymization and redaction using machine learning (ML), natural language processing (NLP), and artificial intelligence (AI)…
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