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Aims to attract capital for research-intensive companies
May 22, 2013
By: Tim Wright
The Association of Clinical Research Organizations (ACRO) has joined the Coalition of Small Business Innovators (CSBI), a national, non-partisan coalition of organizations dedicated to stimulating private investment in small, highly innovative companies focusing on the development of new technologies. “Clinical research organizations essentially constitute the infrastructure for the development of new medical therapies and technologies for many start-up biopharmaceutical and device companies,” said John Lewis, vice president of Public Affairs at ACRO. “Too often, our members see the development of promising new therapies delayed or abandoned because of a lack of funding. We support the Coalition’s objective to attract additional capital to research-intensive companies. These changes, along with needed revisions to the R&D tax credit, will ensure a vibrant biomedical research industry in the U.S.” CSBI believes that, through the tax code, Congress and the Administration should enact policies that promote greater private investment in small business research-intensive innovation in order to maintain America’s global competitiveness, sustain and create American jobs, and incentivize investments in the U.S.
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