Government in BGP

• Obama administration wants to provide the same regulation for producing generic biotech drugs as they do for generic pharma drugs
  • http://blogs.wsj.com/health/2009/02/26/obama-budget-cuts-medicare-advantage-helps-generic-biotech/
• Fear that by lowering costs of prescription drugs through Medicare and Medicaid, could eat into Biotech industry's profits
  • http://seekingalpha.com/article/124557-how-obama-s-healthcare-reform-could-affect-biotech-etfs
• Obama ends ban on new lines of stem cell research - could encourage new biotech work. 8,000 jobs in Michigan alone, 5,000 in New York
  • http://www.whitehouse.gov/progressreports/Michigan/
  • http://www.whitehouse.gov/progressreports/NewYork/
• Stimulus package provides USD$10.4billion to NIH
  • http://www.whitehouse.gov/progressreports/Michigan/
  • most of that money (8.2billion) is going directly to support scientific research
  • http://www.nih.gov/about/director/02252009statement_arra.htm