Biotechnology Innovation Organization

The Biotechnology Innovation Organization (BIO) is the largest trade organization in the world that represents the biotechnology industry.[1][2][3] On January 4, 2016 the Biotechnology Industry Organization changed its name to be the Biotechnology Innovation Organization to better reflect member organizations' breakthroughs.[4]


Activities

Trade meetings

BIO holds a trade meeting each year in the United States, which are essential for the business development and partnering activities that are required in the biotechnology sector, in which it is expensive to develop products, timelines to develop products are long, and regulatory risks are high.[5] In 2013 the conference was held in Chicago and was attended by 13,594 delegates from 47 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands and 62 countries.[6][7]

It also holds regional partnering meetings, for example in China,[8] India,[9] and Europe.[10]

Lobbying

In 2013 it spent $1.98 million on lobbying in the United States.[11] Issues included the amending the Internal Revenue Code to provide an exception from the passive loss rules for investments in high-technology research small business pass-through entities, to include vaccines against seasonal influenza within the definition of taxable vaccines, and to extend, expand, and improve the qualifying therapeutic discovery project program that first became law in 2010.[12][13]

Examples of its public lobbying efforts, include support for development of biofuels such as those produced from algae,[14] genetically modified crops,[15] strong intellectual property rights,[16] and for a more efficient and predictable regulatory process for new food and drug products.[17]

Alliances

In June 2013 BIO partnered with the Coalition of Small Business Innovators to lobby the U.S. government to modernize the U.S. tax code "to recognize and promote small business innovation as fundamental to the long-term growth of the U.S. economy".[18][19]

It is a member of The Alliance to Feed the Future, an umbrella network, the mission of which is to "raise awareness and improve understanding of the benefits & necessity of modern food production and technology in order to meet global demand".[20][21]

Organization

Members

BIOs members include companies that make Pharmaceutical drugs, biofuels, industrial enzymes, and genetically modified crops.[22] BIO was founded 1993 in Washington, D.C. and Carl B. Feldbaum was the president from BIO's founding until he retired in 2004,[23] and was succeeded by James C. Greenwood. As of 2016, it represents 1,100 biotech companies in all 50 U.S. states, which employ 1.61 million Americans and support an additional 3.4 million jobs.[18]

Leadership

As of 2016, Ron Cohen, M.D., president and chief executive of Acorda Therapeutics, Inc., is chairman and [24] James Greenwood is president and CEO.[25]

Biotechnology Heritage Award

The Biotechnology Heritage Award, presented annually at the Biotechnology Innovation Organization (BIO) Annual International Convention by the Biotechnology Innovation Organization (BIO) and the Chemical Heritage Foundation (CHF), recognizes individuals who have made significant contributions to the development of biotechnology through discovery, innovation, and public understanding.[26]

References

  1. ↑ Anna Edney, "Biosciences Defy U.S. Jobs Slump as Research Labs Hire", Bloomberg News, June 19, 2012.
  2. ↑ European Biotechnology Network. "List of European and International Biotech Industry Associations"
  3. ↑ "GEN's 30th Anniversary: Biotech Trade Associations", Genetic Engineering News, June 15, 2011.
  4. ↑ "Biotechnology Innovation Organization changes name to Biotechnology Innovation Organization | Business Wire". www.businesswire.com. Retrieved 2016-01-04.
  5. ↑ Robert Weisman, "Biopharmaceutical industry faces a shift in dynamics", Boston Globe, April 23, 2013.
  6. ↑ BIO Press Office. April 25, 2013 2013 BIO International Convention Closes in Chicago with Record Number of Partnering Meetings
  7. ↑ Bradley J. Fikes, "Biotech convention builds relationships, business", San Diego Union Tribune, April 25, 2013.
  8. ↑ "The Biotechnology Innovation Organization (BIO) and the China Center for Pharmaceutical International Exchange (CCPIE) Announce Strategic Partnership to Expand the BIO Convention in China", BIO Press Office. April 18, 2013
  9. ↑ "BIO India Conference showcases growing Indian biotech industry", BIO Press Release. September 7, 2010.
  10. ↑ Staff, Flanders BIO. "BIO-Europe® 2013 - 19th Annual International Partnering Meeting"
  11. ↑ Staff, The Center for Responsive Politics. "Lobbying: Biotechnology Innovation Organization", Page Accessed June 7, 2013
  12. ↑ The Center for Responsive Politics, "Bills lobbied", Page Accessed June 7, 2013
  13. ↑ Drew Armstrong, "Promising' Biotechnology Medicines May Earn $5 Million U.S. Tax Credit", Bloomberg News, May 21, 2010.
  14. ↑ Kambiz Foroohar for Bloomberg News. June 3, 2010. Exxon $600 Million Algae Investment Makes Khosla See Pipe Dream
  15. ↑ Elaine Watson, "It's not too late to change the conversation on GMOs: Interview with Cathy Enright, Executive VP for Food and Biotechnology, BIO", Food Navigator, May 20, 2013.
  16. ↑ Victoria Slind-Flor, "LG, DuPont, Bank of America, GM: Intellectual Property", Bloomberg News, December 3, 2012.
  17. ↑ Robert Weisman, "Federal drug review nettles biotech industry", Boston Globe, June 19, 2012.
  18. 1 2 "Biotechnology Innovation Organization Joins Coalition of Small Business Innovators", BIO Press Release, June 4, 2013.
  19. ↑ "Coalition of Small Business Innovators Official Website"
  20. ↑ Alliance to Feed the Future Official Website Archived May 11, 2013, at the Wayback Machine.
  21. ↑ PR Web. Monday, March 18, 2013 "Alliance to Feed the Future Congratulates Our Farmers, Supports Education for Future Generations on National Agriculture Day"
  22. ↑ "BIO profile at Biospace"
  23. ↑ "BIO President Carl Feldbaum to Retire at Year End" (Press release). Biotechnology Innovation Organization. 2 February 2004. Retrieved 15 July 2009.
  24. ↑ "Acorda Therapeutics Company Leadership | Acorda.com". www.acorda.com. Retrieved 2016-01-04.
  25. ↑ Staff, BIO BIO Senior Staff Page Accessed June 7, 2013
  26. ↑ "Biotechnology Heritage Award". Chemical Heritage Foundation.

External links

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