Biotechnology Innovation Organization

The Biotechnology Innovation Organization (BIO) is the largest trade organization in the world that represents the biotechnology industry.[1][2][3] It was founded in 1993 as the Biotechnology Industry Organization, and changed its name to the Biotechnology Innovation Organization on January 4, 2016.[4][5] Biotechnology Innovation Organization serves more than 1,100 biotechnology firms, research schools, state biotechnology centers and related associations in the United States and in more than 30 other countries.[6]

Biotechnology Innovation Organization
BIOlogovertical.jpg
NicknameBIO
WebsiteHttps://www.bio.org/
Formerly called
Biotechnology Industry Organization

ActivitiesEdit

Trade meetingsEdit

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.[7] In 2018 the BIO International Convention was held in Boston and was attended by 18,289 delegates from 49 states, the District of Columbia and Puerto Rico and 67 countries.[8] The event also held over 46,916 One-On-One Partnering Meetings, becoming a Guinness World Records, Record Holder for the "Largest Business Partnering Event."[9][10]

It also holds regional partnering meetings, for example in China,[11] India,[12] and Europe.[13]

LobbyingEdit

In 2018, BIO spent $9.87 million on lobbying the government of the United States.[14] Past issues that BIO has lobbied on 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.[15][16]

Examples of its public lobbying efforts, include support for development of biofuels such as those produced from algae,[17] genetically modified crops,[18] strong intellectual property rights,[19] and for a more efficient and predictable regulatory process for new food and drug products.[20]

AlliancesEdit

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".[21][22]

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".[23][24]

Industry initiativesEdit

The "Right Mix Matters" campaign launched in 2019 targets diversity within biopharmaceutical company leadership, including ongoing assessment of diversity measures (gender, race, ethnicity, sexual orientation) and the provision of online tools aimed at assisting companies to achieve target diversity goals.[5]

OrganizationEdit

MembersEdit

BIOs members include companies that make Pharmaceutical drugs, biofuels, industrial enzymes, and genetically modified crops.[25] 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.[21]

LeadershipEdit

BIO was founded 1993 in Washington, D.C. and Carl B. Feldbaum was the president from BIO's founding until he retired in 2004.[26] He was succeeded by James C. Greenwood who held the offices of president and CEO from 2005 to 2020. Michelle McMurry-Heath will become president and CEO as of 1 June 2020.[27]

Leadership of BIO is vested in a 100+ member board.[5] Ron Cohen, CEO of Acorda, was elected chair of the board in June 2015.[5] As of June 19, 2017, John Maraganore, PhD., president and chief executive officer of Alnylam Pharmaceuticals, Inc., was elected chair of the board.[28] As of June 4, 2019, Jeremy Levin, CEO of Ovid Therapeutics, was elected board chair.[29]

Biotechnology Heritage AwardEdit

The Biotechnology Heritage Award, presented annually at the Biotechnology Innovation Organization (BIO) Annual International Convention by the Biotechnology Innovation Organization (BIO) and the Science History Institute (formerly the Chemical Heritage Foundation), recognizes individuals who have made significant contributions to the development of biotechnology through discovery, innovation, and public understanding.[30]

ReferencesEdit

  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" Archived 2019-01-29 at the Wayback Machine
  3. ^ "GEN's 30th Anniversary: Biotech Trade Associations", Genetic Engineering News, June 15, 2011.
  4. ^ "Biotechnology Innovation Organization changes name to Biotechnology Innovation Organization" (Press release). BusinessWire. 4 January 2016. Retrieved 4 July 2019.
  5. ^ a b c d Wright, Rob (1 July 2019). "Increasing Diversity Among Leadership And Boards". Life Science Leader. VertMarkets.
  6. ^ "About BIO". diapharma. June 2017. Retrieved 22 May 2020.
  7. ^ Robert Weisman, "Biopharmaceutical industry faces a shift in dynamics", Boston Globe, April 23, 2013.
  8. ^ BIO Press Office. June 7, 2018 BIO2018: By The Numbers
  9. ^ "BIO Sets the GUINNESS WORLD RECORDS™ Title for the Largest Business Partnering Event - BIO". BIO. Retrieved 2018-07-02.
  10. ^ "BIO 2018: By the Numbers | 2018 BIO International Convention". convention.bio.org. Retrieved 2018-07-02.
  11. ^ "The Biotechnology Innovation Organization (BIO) and the China Center for Pharmaceutical International Exchange (CCPIE) Announce Strategic Partnership to Expand the BIO Convention in China" Archived 2016-03-06 at the Wayback Machine, BIO Press Office. April 18, 2013
  12. ^ "BIO India Conference showcases growing Indian biotech industry", BIO Press Release. September 7, 2010.
  13. ^ Staff, Flanders BIO. "BIO-Europe® 2013 - 19th Annual International Partnering Meeting" Archived 2016-06-10 at the Wayback Machine
  14. ^ Staff, The Center for Responsive Politics. "Lobbying: Biotechnology Innovation Organization", Page Accessed January 2, 2020
  15. ^ The Center for Responsive Politics, "Bills lobbied", Page Accessed June 7, 2013
  16. ^ Drew Armstrong, "Promising' Biotechnology Medicines May Earn $5 Million U.S. Tax Credit", Bloomberg News, May 21, 2010.
  17. ^ Kambiz Foroohar for Bloomberg News. June 3, 2010. Exxon $600 Million Algae Investment Makes Khosla See Pipe Dream
  18. ^ 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.
  19. ^ Victoria Slind-Flor, "LG, DuPont, Bank of America, GM: Intellectual Property", Bloomberg News, December 3, 2012.
  20. ^ Robert Weisman, "Federal drug review nettles biotech industry", Boston Globe, June 19, 2012.
  21. ^ a b "Biotechnology Innovation Organization Joins Coalition of Small Business Innovators" Archived 2014-11-04 at the Wayback Machine, BIO Press Release, June 4, 2013.
  22. ^ "Coalition of Small Business Innovators Official Website". Archived from the original on 2017-09-30. Retrieved 2016-01-04.
  23. ^ Alliance to Feed the Future Official Website Archived May 11, 2013, at the Wayback Machine
  24. ^ PR Web. Monday, March 18, 2013 "Alliance to Feed the Future Congratulates Our Farmers, Supports Education for Future Generations on National Agriculture Day"
  25. ^ "BIO profile at Biospace". Archived from the original on 2017-10-13. Retrieved 2016-01-04.
  26. ^ "BIO President Carl Feldbaum to Retire at Year End" (Press release). Biotechnology Innovation Organization. 2 February 2004. Retrieved 15 July 2009.
  27. ^ "BIO Appoints a Physician-Scientist as New President and CEO". BusinessWire. May 14, 2020. Retrieved 19 May 2020.
  28. ^ "BIO Elects John Maraganore, Ph.D., as New Chair". BIO. June 19, 2017. Retrieved 19 May 2020.
  29. ^ "BIO Elects Dr. Jeremy Levin as New Board Chair". BIO. June 4, 2019. Retrieved 19 May 2020.
  30. ^ "Biotechnology Heritage Award". Science History Institute. Retrieved 21 February 2018.

External linksEdit