The Pharmaceutical Research and Manufacturers of America (PhRMA) has pressed the US Congress to renew and make permanent a federal tax credit for R&D. The group's president, Billy Tauzin (a former Representative) issued a statement at the start of the legislative debate. He said that the "PhRMA is calling on Congress to renew, strengthen and make permanent the federal research and development tax credit that will not only help America's pharmaceutical research companies build upon the incredible arsenal of new treatments and cures but, most importantly, will help patients in their fight against disease."
Mr Tauzin added that renewal of the tax credit is a "critically important" priority, particularly for the drug industry, which has spent over $55.0 billion on R&D in 2006.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze