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“Today, the US biotech industry employs nearly 2.3 million people across the US and is making positive contributions to economic impact and national security across all 50 states. In fact, for every dollar the National Institutes of Health (NIH) contributes to a successful drug, the private sector invests over $65, underscoring the agency’s unparalleled return…
Following today’s email regarding proposed cuts to NIH funding, many of you have asked how to contact your Congressional official and share perspectives about issues of the day. Why should you get involved with advocacy? Scientists, business leaders, rank and file employees, and anyone involved in the biosciences industry need to ensure continued public support…
The Trump Administration announced last Friday that it is drastically reducing so-called “indirect” payments by the National Institutes of Health (NIH) to universities, clinical centers, and research institutes. This move will be a catastrophic blow to scientific discovery and innovation in Michigan and across the U.S. It will quickly undermine America as a global leader…
The 43rd annual J.P. Morgan Healthcare Week wrapped up after four days of conferences, company presentations, networking receptions and meetings across San Francisco’s Union Square and Financial Districts. Topping 20,000 steps daily to get from one venue to another was not difficult, especially given the unseasonably warm and sunny weather. This year’s event felt like…
One party control of the legislature and executive office came to end as an outcome of the November 2024 election. Republicans flipped enough seats to give them a 58-52 majority in the Michigan House for the next two-year term. In the Senate, the Democrats will hold only a one seat majority due a vacancy opening…
Federal Expectations: White House to Dictate, Congress Likely to Follow Following the Republican trifecta gain of the White House and both houses of the U.S. Congress, business leaders would be wise to spend early 2025 assessing how politics will drive policy. At this early stage, it’s still unclear what and how policy issues will…
At Cadensoft, we understand that integrating with Electronic Medical Records (EMRs) is a critical yet often daunting task for healthcare innovators. Whether it’s exchanging Personally Identifiable Health Information (PHI), clinical notes, or medication histories, seamless data transfer between platforms is essential for delivering efficient, informed patient care. That’s where Cadensoft excels. Our straightforward methodology…
LANSING, Mich. – Today, Governor Gretchen Whitmer signed five bipartisan bills to establish the Michigan Innovation Fund and an R&D Tax Credit. These new tools will lower costs for businesses, support innovators and entrepreneurs, and create and support good-paying jobs by ensuring businesses of all sizes have the tools and resources they need to reinvest…
Ann Arbor, Mich. – Newly released assessment shows Michigan’s life sciences industry grew by impressive numbers and retains a lead ranking nationally in several key cluster areas. Michigan, a state with a sizeable biosciences cluster with a rich legacy of life science innovation now boasts of 3,319 establishments and 47,815 individuals directly employed across…
Newly released assessment shows Michigan’s life sciences industry grew by impressive numbers and retains a lead ranking nationally in several key cluster areas. Michigan, a state with a sizable biosciences cluster with a rich legacy of life science innovation now boasts of 3,319 establishments and 47,815 individuals directly employed across the state. Coupled with an…
In an attempt to address high, out-of-pocket drug prices, Democrats attempted to push through several piece of legislation that would have placed burdensome restrictions on drug manufacturers. One measure, HB 5350, would have required drug manufacturers to provide drug products to contract pharmacies participating in a 340B program without conditions or limitations, and thereby alter…
The Michigan Senate passed the Personal Data Privacy Act (SB 659) along party lines in lame duck session, moving Michigan a step closer to joining the growing ranks of states that have approved comprehensive privacy and data protection legislation. But the legislation didn’t get taken up by the House and died, meaning that the measure…
Sen. Wojno introduced “Queenie’s Law,” Senate Bill 1019, to prohibit painful animal experiments.. The bill, a companion to legislation introduced in 2023 by Rep. Matt Koleszar (HB 4849) is a response to long- running, controversial dog studies conducted at Wayne State University. MichBio provided written testimony in opposition to the proposed legislation. After a substitution…
The newly constituted Michigan Rare Disease Advisory Council (MI RDAC) met in early October 2024 and began its mandate as an advisory body that provides Michigan’s rare disease community with a stronger voice in state government. The agenda included introductions of current panel members, an overview of pending legislation to enact an RDAC by statute,…
In a milestone for Michigan’s innovation economy, the legislature passed a long-awaited and long-fought Research & Development (R&D) Tax Credit legislation – fifteen years in the making! It was a protracted, and at times frustrating, journey for MichBio in its advocacy to reestablish an economic development incentive specifically aimed at R&D in Michigan. We watched…