New Report Describes Challenges for America's Med Tech Industry
A new report by the Milken Institute described the challenges facing America's medical technology and other innovative industries. The report, "The Global Biomedical Industry: Preserving U.S. Leadership," lays out what other countries are doing to invest in future growth and innovation, and provides some suggestions on how the United State can retain its leadership role in the life sciences.
- Increase the R&D tax incentives and make them permanent
- Cut corporate tax rates to match the OECD average
- Enhance support for emerging fields
- Promote and expand the role of universities in tech transfer and commercialization
MDMA continues to work with elected officials and explain the urgency in addressing the challenges to one of the United States most vibrant industries. To read more about this report, click here.