{"id":14256,"date":"2024-09-13T14:57:08","date_gmt":"2024-09-13T14:57:08","guid":{"rendered":"https:\/\/nhcoa.org\/es\/?p=14256"},"modified":"2024-09-13T15:05:18","modified_gmt":"2024-09-13T15:05:18","slug":"nhcoa-supports-bill-to-boost-biotech-innovation-for-hispanic-older-adults","status":"publish","type":"post","link":"https:\/\/nhcoa.org\/es\/nhcoa-supports-bill-to-boost-biotech-innovation-for-hispanic-older-adults\/","title":{"rendered":"NHCOA Supports Bill to Boost Biotech Innovation for Hispanic Older Adults"},"content":{"rendered":"\n
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The\u00a0National Hispanic Council on Aging (NHCOA)\u00a0released the following statement\u00a0expressing\u00a0our strong support for the S.5029 Senator\u00a0Bill\u00a0Cassidy\u2019s\u00a0(R-LA)\u00a0legislation<\/strong> to encourage eligible small biotech manufacturers to continue\u00a0investing in innovative new therapies and cures that will help patients suffering with\u00a0chronic\u00a0or complex\u00a0diseases, many of which\u00a0disproportionately impact\u00a0the Hispanic aging community<\/strong>:<\/p>\n\n\n\n

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\u201cWe\u00a0support a robust research environment that helps – rather than hinders – companies with one or only a few commercial products that could prove lifesaving for so many\u00a0patients. We don\u2019t want these small companies to stop investing in R&D after one blockbuster drug, which could happen under the Inflation Reduction Act (IRA) with its current\u00a0limited small biotech exception that expires in 2029 and which is partially based on the number of drugs a company manufactures. We commend Senator Cassidy for looking out for our Hispanic seniors with this new policy that incentivizes\u00a0those small biotech companies that\u00a0are willing to keep investing in R&D to\u00a0keep innovating. By exempting these small biotechs with high R&D investments from Medicare drug price negotiations, more patients in our community will benefit from focused investments in new cures that they desperately need,\u201c said Dr. Yanira Cruz, President and CEO of the National Hispanic Council on Aging (NHCOA)<\/strong>. \u201cSmall biotech company innovators investing significantly in R&D are absolutely critical to continuing a drug development pipeline that gives patients more meaningful treatment options and hope.\u201d<\/p>\n<\/blockquote>\n\n\n\n

About NHCOA:<\/strong><\/p>\n\n\n\n

NHCOA is the leading national organization working to improve the lives of Hispanic older adults, their families, and their caregivers. Headquartered in Washington, DC, NHCOA has been a strong voice dedicated to promoting, educating, and advocating for research, policy, and practice in the areas of economic security, health, and housing for Hispanic older adults, families, and caregivers for the last 51 years.<\/p>\n\n\n\n

For more information about NHCOA call 202-347-9733 or visit www.NHCOA.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0National Hispanic Council on Aging (NHCOA)\u00a0released the following statement\u00a0expressing\u00a0our strong support for the S.5029 Senator\u00a0Bill\u00a0Cassidy\u2019s\u00a0(R-LA)\u00a0legislation to encourage eligible small biotech manufacturers to continue\u00a0investing in innovative new therapies and cures that will help patients suffering with\u00a0chronic\u00a0or complex\u00a0diseases, many of which\u00a0disproportionately impact\u00a0the Hispanic aging community: \u201cWe\u00a0support a robust research environment that helps – rather than hinders – […]<\/p>\n","protected":false},"author":2,"featured_media":14257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","cybocfi_hide_featured_image":"yes","footnotes":""},"categories":[8],"tags":[],"class_list":["post-14256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"\nNHCOA Supports Bill to Boost Biotech Innovation for Hispanic Older Adults - 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