PRESENTATION TITLE | DATE Public Policies Impacting the Life Science Ecosystem.

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Presentation transcript:

PRESENTATION TITLE | DATE Public Policies Impacting the Life Science Ecosystem

PRESENTATION TITLE | DATE BioUtah Our Mission Build Utah’s life science ecosystem; enable success and advance innovation for our members Our Vision Utah to be recognized as a respected global leader in life science innovation that improves the quality of life Our Goals Educate to retain and attract life science talent in the state Ensure access to public and private capital and new investment incentives Lead public policy efforts for the life science ecosystem Develop valuable networks and collaborations

PRESENTATION TITLE | DATE BioUtah’s Public Policy Matrix Emerging Lead New (State) LS Investment/Tax Incentives FDA regulatory reform issues* NIH Funding /Technology Funding Deployment TCIP / UTSTAR / BiG Funding Biosimilars Implementation Medicaid Access to medicines Watch Medicaid Access Phrma / Medtech Tax Right to Try Partner Medical Device Tax Repeal FDA Reform/User Fee Reauthorization Payment for medical innovation Patent Litigation Reform International Regulatory Pathways Regulation and payment for advanced diagnostics Medicare Coverage / Reimbursement (Part B&D)

PRESENTATION TITLE | DATE Federal Issues  Repeal the Medical Device Tax  FDA Reform  21 st Century Cures Legislation  PDUFA/MDUFA Reauthorization  Patent Litigation Reform  H.R. 9, The Innovation Act  S. 1137, The Patent Act  Reimbursement for Innovative Drugs, Technologies and Diagnostics  Changing healthcare system  New Drugs, Technologies and Diagnostics that need new payment models

PRESENTATION TITLE | DATE State Issues/ Initiatives Private Funding Gap Increase TCIP Funding Fund Life Science Tax Credit for private investment Talent Recruitment and Retention Support GOED’s Talent Recruitment and Retention initiatives Support continued funding of STEM Action Center Advance funding for Utah Life Science branding campaign Success – Defeating Taxing the Life Science Industry the State match on the Medicaid Expansion Testified against taxing the life science industry to help pay for Medicaid Expansion

PRESENTATION TITLE | DATE BioUtah Recent Successes Defeated Taxing the Life Science Industry to fund the State match for Medicaid Expansion Worked collaboratively with national organizations and BioUtah members to educate policy makers on the impact a tax on industry would have on job and economic growth in Utah Testified against taxing the life science industry to help pay for Medicaid Expansion Released the BioUtah State of the Utah’s Life Science Industry Report Held policy briefing on Capitol Hill for policy makers and business leaders Met with Utah’s Federal Delegation, introduced them to BioUtah and educated on our key policy priorities Met with Senator’s Hatch and Lee on the impact patent litigation reform on LS ecosystem

PRESENTATION TITLE | DATE Get Involved! Join BioUtah Be proactive and become an active member of BioUtah’s Legislative Policy Committee Contact Kelly Slone at