Town Hall Meeting wordart

As many of our colleagues are now aware, the time has come for Georgia Bio (and the Georgia BioEd Institute) to separate from CGHI and adopt a more incremental, industry-focused approach to our efforts. Georgia Bio is recommitting to its core mission of advocating for, connecting, educating and inspiring our member enterprises and stakeholders in much the same way our colleagues have known Georgia Bio since its inception in 1989. We will now do that through an industry-wide lens more inclusive of new medical technologies and devices, and food and ag innovations.

We also know there are many related questions circling about.

On Wednesday, October 18 at 9:00 a.m. eastern we will host a virtual ‘town hall’ to discuss the state of Georgia Bio, Georgia BioEd and the larger life science ecosystem in the state. Georgia Bio CEO and team members will lead this discussion with ample room for Q&A. We invite you to register and join us

The 2023 Georgia Life Sciences Summit – November 1

We are also preparing the 2023 edition of the Georgia Bio Innovation Summit. The summit, more concentrated in scope yet expansive in industry inclusion, will be Wednesday, November 1st at the Sandy Springs Arts Center. The program is coming along nicely including a recently secured keynote or plenary address featuring Dr. Ted W. Love, former President and CEO of Global Blood Therapeutics and 2023-2025 Chair of the Board of the Biotechnology Innovation Organization (BIO).

We encourage you to join us in reconnecting with the life science industry ecosystem. Learn more and register here.

In the meantime, please know we are working diligently and with strong industry support to accomplish the following: rebuild trust with industry, strengthen brand awareness, simplify our message and respond to industry demand for a stronger unified voice on behalf of industry for policy priorities. As a 501c6, Georgia Bio can be more politically active and allows for future creation of a political action committee. (Of the 47 BIO/AdvaMed Affiliates all except two are 501c6 organizations.)

By Sheran Brown February 21, 2025
Georgia Life Sciences Designates City of Atlanta as Newest BioReady® Community
By Sheran Brown February 20, 2025
A renewed push for prescription drug cost reform is gaining momentum in Congress, with the House Energy and Commerce Committee's health subcommittee planning a hearing on pharmacy benefit manager (PBM) reform for late February. The hearing, to be led by Rep. Buddy Carter (R-Ga.), signals a revival of bipartisan efforts to regulate these pharmaceutical intermediaries. PBMs, which negotiate drug prices for insurers and employers, have become a focal point in the broader discussion of healthcare costs. A previous bipartisan agreement to regulate these entities was crafted by Carter and Rep. Diana DeGette (D-Colo.) in the last Congress, though it ultimately stalled when the larger spending bill it was attached to faced opposition. The reform efforts enjoy broad support from both parties and the president, making it one of the few areas with potential for bipartisan cooperation. However, new complications have emerged as Republicans consider using PBM regulations to generate savings for their broader policy agenda, potentially requiring up to $880 billion in cost reductions. The path forward remains uncertain, with ongoing debates about whether such reforms would qualify for budget reconciliation and whether using PBM regulations as a funding mechanism could derail bipartisan cooperation. Meanwhile, stakeholders continue to disagree on the impact of additional PBM regulation, with pharmaceutical companies arguing that PBMs inflate drug costs while PBMs contend that new regulations would increase prices.
By Sheran Brown February 20, 2025
The Council of State Biotechnology Associations (CSBA) has issued a strong warning about proposed cuts to National Institutes of Health (NIH) funding, emphasizing the critical role these grants play in America's biotech innovation ecosystem. The statement, below , comes amid concerns over recent guidance that would reduce NIH funding to key research institutions. ----------------------- “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 on investment. As the associations representing the bioscience industry across the nation, the Council on State Biotechnology Associations (CSBA) is concerned by recent guidance that would cut funding provided by the NIH to universities, hospitals, and other institutions that perform critical early-stage research. NIH grant funds are a critical component of our innovation ecosystem. Grants for basic research are the spark that leads to university-driven discoveries, with public-private partnerships and tech transfers that bridge early-stage research to industry-sponsored drug development and ultimately to FDA approved medical advances for hundreds of diseases. While the administration looks for greater efficiency in the use of taxpayer dollars, it cannot be overstated - once scientific innovation moves abroad, it may never return. In the race for scientific innovation around the world, as our adversaries continue to increase government investments in research, we encourage President Trump to follow suit and ensure that we maintain our global leadership in an industry that was created and thrives across the US.”
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