Today, the Biden-Harris Administration is announcing new bold goals and priorities that will catalyze action inside and outside of government to advance American biotechnology and biomanufacturing. to advance biotechnology and biomanufacturing innovation for a sustainable, safe, and secure American bioeconomy. Today’s announcements in response to the President’s E.O. will help strengthen America’s bioeconomy, rebuild our supply chains here at home, and support the nation’s innovation ecosystem.
Biomanufacturing – or the use of biological systems to produce goods and services at commercial scale – has the potential to drive new sustainable alternatives across industries, including plastics, fuels, and medicines. These innovations can unlock new solutions in health, climate change, energy, food security, agriculture, supply chain resilience, and national and economic security.
on biomanufactured products and process capabilities that could help address defense needs and whose development and commercialization could be addressed by DoD investment.called for in the President’s E.O. that assesses the feasibility of measuring the economic contributions of the country’s bioeconomy. The report also includes an assessment of what is needed to better, more accurately measure these contributions.
Other deliverables from the Executive Order are in development, including: a plan to expand training and education opportunities for the biotechnology and biomanufacturing workforce, a report on data needs for the bioeconomy, a national strategy for expanding domestic biomanufacturing capacity, actions to improve biotechnology regulation clarity and efficiency, and a plan for strengthening and innovating biosafety and biosecurity for the bioeconomy.
BiotechAnalysst WhiteHouse Finally good case. Problem is with the high rate interest rate and shorting biotech have a hard time to get funding there pipeline.