SALT LAKE CITY–(BUSINESS WIRE)–BioUtah applauds congressional action to permanently repeal the 2.3% excise tax on the sale of medical devices, first enacted as part of the Affordable Care Act in 2010. Earlier in the week, the U.S. House of Representatives voted to repeal the tax as part of a $1.4 trillion FY 2020 government spending […]
On December 18, HHS and the FDA issued a Noticed of Proposed Rulemaking (NPRM) that would allow states to import prescription drugs from Canada. The proposed rule follows an Administration announcement in July that HHS would be examining pathways for safe drug importation. […]
After nearly a decade-long fight, and disruptive, short-term reprieves, Congress has finally permanently repealed the medical device tax. On Tuesday. BioUtah alerted our life sciences community about a vote in the House to end the tax as part of a larger FY 2020 spending bill (repeal provision is on page 585). Yesterday, the Senate cleared […]
Yesterday, top congressional leaders and the White House unveiled a $1.4 trillion FY 2020 government spending agreement that will fully repeal the 2.3% medical device tax, first enacted as part the Affordable Care Act in 2010. “This is a big win for Utah’s medical device industry and most importantly, a big win for patients whose […]
On Thursday, the Democrat-led House passed H.R. 3, the Lower Drug Costs Now Act, by a vote of 230-192. The bill, a priority for Speaker Pelosi, mandates extensive price controls and passed largely along party lines. Only two Republicans in marginal districts voted for the legislation. […]
POLICY UPDATE – DRUG PRICING Concerns Expressed by Investors, Small Companies House Speaker Nancy Pelosi’s drug pricing measure, H.R. 3 , the Elijah E. Cummings Lower Drug Prices Now Act, is coming under increasing scrutiny as concerns grow about the bill’s negative impact on innovation and future investment in smaller, emerging drug discovery companies. Yesterday, […]
Speaker Pelosi’s drug bill, H.R. 3, now named the Elijah E. Cummings Lower Drug Costs Now Act, after the longtime congressman who died last week, heads to the floor for a vote after being considered by three House Committees – the Energy and Commerce, Labor and Education and, Ways and Means Committees. A full House […]
On Wednesday, October 2nd, Representative Ben McAdams visited the operations of Becton Dickinson in Sandy, Utah. Representative McAdams was familiar with Becton Dickinson having visited previously when serving as Mayor of Salt Lake County. Executives of Becton Dickinson including Rob Fredericks, Vice President and General Manager, Vascular Access Devices, initially met with Representative McAdams and […]
Yesterday, ProLung welcomed Salt Lake City Mayor Jackie Biskupski, partners, dignitaries, and members of Utah’s life sciences community as the company celebrated its move to a new location with a ribbon cutting ceremony. ProLung CEO, Jared Bauer, addressed guests, announcing that the company’s move to the Labs at Northgate coincided with good news on recent […]
(Orem, UT) October 2, 2019_Turner Imaging Systems, a developer of advanced x-ray imaging systems, today announced the Company has received FDA 510(k) clearance for its Smart-C Mini-C Arm Portable Fluoroscopy and X-Ray Imaging Device. What makes this device unique is its true mobility and portability. The patent-pending Smart-C weighs only 16 pounds so that it […]
The recent launch of a House impeachment inquiry is likely to throw a wrench into efforts to reach a deal in Congress on drug pricing legislation before the end of the year. Meanwhile, President Trump is pushing his own drug pricing proposals through regulation and executive order, including tying drug prices to an international price […]
Washington, DC – The Medical Device Manufacturers Association (MDMA), the Advanced Medical Technology Association (AdvaMed), the Medical Imaging & Technology Alliance (MITA) and a broad coalition of medical innovators, physician inventors, patient groups, and others sent a letter to congressional leadership today urging them to permanently repeal the medical device excise tax. “The United States is […]