INDUSTRY NEWS

Stay up-to-date on the latest industry, member, and policy related news.

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Streamlining EMR Integration with Cadensoft: A Game-Changer for Healthcare Technology

January 21, 2025

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…

Governor Whitmer Signs Bipartisan Bills Establishing Innovation Fund, R&D Tax Credit to Unleash Entrepreneurship, Lower Costs for Businesses, Create Jobs 

January 13, 2025

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…

Michigan’s Bio-industry a $55.72 Billion Economic Driver

December 31, 2024

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…

Attempts to Regulate Drug Pricing Fail During Legislative Chaos

December 31, 2024

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…

Consumer Data Privacy Act Passed by Senate, but Dies in House

December 31, 2024

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…

Animals in Research

December 31, 2024

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…

Rare Disease Advisory Council

December 31, 2024

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,…

A Huge Win for Michigan’s Innovation Economy – R&D Tax Credit Reestablished

December 31, 2024

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…

Ensuring Patient Access to Critical Breakthrough Products

December 31, 2024

This bipartisan legislation would enable millions of patients to receive quicker access to life- changing medical innovations. The legislation is designed to expedite the Medicare coverage determination process of breakthrough medical technologies for patients. Although the House of Representatives generated some momentum on related legislation, H.R. 1691, a Senate companion bill, S. 5349, the “Ensuring…

CMS Finalizes Accelerated Approval Pathway for Devices

December 31, 2024

The Transitional Coverage for Emerging Technologies (TCET) pathway was finalized by the Centers for Medicare & Medicaid Services (CMS). It aims to provide Medicare beneficiaries with more timely access to new medical technologies. It also seeks to improve the quality of life for people with Medicare and encourage innovation. Medical devices must meet the following…

Biosecure act Fails to be Enacted

December 31, 2024

The Biosecure Act missed its expected ride through the U.S. Congress when the Senate failed to include it in the National Defense Authorization Act. However, it may not be the end of the road for the bill that would prohibit direct or indirect U.S. government contracts with listed Chinese “biotechnology companies of concern.” The U.S.…

No R&D Tax Amortization Relief

December 31, 2024

The Tax Relief for American Families and Workers Act of 2024, the $78 billion tax package passed by the House in January that would’ve restored full expensing under Internal Revenue Code Section 174 continued to be blocked by Senate Republicans through the end of session and thus died. The Senate’s failure to move forward the…

Generative AI Medical Writing Tool for the Pharmaceutical and Biotechnology Industries From TrialAssure Gets a Major Upgrade to Make Scientific Document Creation Easier

December 11, 2024

CANTON, Mich. (December 10, 2024) – TrialAssure®, a global leader in AI-enabled, human-driven solutions for the pharmaceutical industry and beyond, today announced a groundbreaking addition to its TrialAssure LINK® AI content creation and medical writing tool. The new Microsoft Word AI Assistant enables content generators, like medical writers, and other content generators across several industries,…

Latest Bill Introduced That Threatens Ethical Animal Research

October 24, 2024

SB 1019, or “Queenie’s Law”, was recently introduced by Sens. Wojno and Polehanki, as a companion to 2023 legislation in the Michigan House as a response to research studies conducted at Michigan’s public universities. If enacted, public bodies, i.e., research institutions, would be prohibited from using “a dog for experimental purposes in a manner that…

MichBio Joins Medtech Partners in Asking Congress to Pass H.R. 1691

October 24, 2024

MichBio joined AdvaMed, MDMA, as well as fellow state medtech associations and other stakeholders in a letter seeking Congressional passage of H.R. 1691, the Ensuring Access to Critical Breakthrough Products Act. It comes on the heels of the Centers for Medicare & Medicaid Services (CMS) issuing its final rule back in August 2024 on the…