En el vibrante y competitivo mundo del entretenimiento online argentino, un nombre ha comenzado a resonar con fuerza, sinónimo de innovación, confianza y una experiencia de juego incomparable: Dopaminas. No se trata de una plataforma más, sino del destino definitivo donde la pasión por el deporte, la estrategia del casino y la emoción del juego se encuentran. Concebida para el jugador argentino que exige lo mejor, Dopaminas ha construido un ecosistema integral que cubre cada deseo, desde una apuesta rápida en el clásico de fútbol hasta la emoción de la ruleta en vivo con crupieres reales. Este es un viaje a través de todo lo que hace de Dopaminas la elección preferida.

El Universo Dopaminas: Una Plataforma, Experiencias Ilimitadas

Lo que distingue a Dopaminas es su visión holística. Entendiendo que los intereses de los jugadores son diversos, la marca ha desarrollado un conjunto de portales especializados, cada uno optimizado para un tipo de experiencia única, pero todos unidos bajo el mismo compromiso de excelencia, seguridad y juego responsable.

1. El Corazón de la Emoción: El Casino de Clase Mundial

Para quienes buscan la elegancia y la emoción de los juegos de casino, Dopaminas ofrece un santuario digital de primer nivel. Dopaminas Casino es la puerta de entrada principal a un mundo donde los slots modernos con jackpots progresivos conviven con los clásicos de mesa. Pero la experiencia no se detiene ahí. Para los entusiastas de los juegos de azar, Dopaminas Casino Play se centra en la diversión pura y la interacción, mientras que Dopaminas Casino Win está diseñado para el jugador estratégico que busca convertir su conocimiento en ganancias tangibles. Si tu objetivo es alcanzar el gran premio, Dopaminas Jackpot es tu destino, reuniendo los juegos con los premios acumulados más jugosos del mercado.

2. La Revolución del Juego en Vivo: Autenticidad en Tiempo Real

La tecnología ha borrado las fronteras, y Dopaminas lleva la atmósfera de un casino de lujo directamente a tu pantalla. Dopaminas Live Casino es la cumbre de esta experiencia. Aquí, podés interactuar con crupieres profesionales en vivo, desde la ruleta y el blackjack hasta el emocionante Dream Catcher, todo transmitido en alta definición desde estudios dedicados. Es la combinación perfecta de la comodidad del online con la adrenalina de lo real. Para una experiencia VIP exclusiva, Dopaminas VIP Casino ofrece mesas con límites más altos y un servicio personalizado para los jugadores más exigentes.

3. Para el Alma Competitiva: Apuestas Deportivas de Alto Nivel

Argentina late al ritmo del deporte, y Dopaminas es el compañero ideal para todo aficionado. Dopaminas Bet sirve como el núcleo central de las apuestas deportivas, ofreciendo cobertura en miles de eventos: desde la Liga Profesional y la Copa Libertadores hasta la NBA, la Fórmula 1 y los torneos de tenis más importantes. La plataforma destaca por sus cuotas competitivas y su amplia variedad de mercados (no solo ganador, sino goles, corners, handicaps, etc.). Para quienes buscan análisis profundo y una comunidad de apostadores, Dopaminas Bet Club ofrece insights y herramientas especiales. Mientras tanto, Dopaminas Betting y Dopaminas Bet Play se enfocan en dinamizar la experiencia con apuestas en vivo (live betting) y promociones específicas para deportes.

Los Pilares de la Confianza: ¿Por Qué Elegir Dopaminas?

Seguridad y Licencias: Tu Tranquilidad es la Prioridad

En un entorno online, la seguridad no es negociable. Dopaminas opera bajo estrictas licencias internacionales que regulan su funcionamiento, garantizando que todas las operaciones sean justas, transparentes y auditadas. La plataforma utiliza tecnología de encriptación de grado bancario (SSL) para proteger todos tus datos personales y financieros. El proceso de verificación de cuenta (KYC), aunque pueda parecer un trámite, es tu mayor garantía de que tus fondos están a salvo de terceros no autorizados y que la plataforma promueve el juego responsable.

Bonificaciones que Marcan la Diferencia

Dopaminas sabe cómo recibir y recompensar a sus jugadores. El bono de bienvenida es solo el comienzo de una relación rentable. Pero donde la marca realmente brilla es en sus promociones recurrentes: bonos por depósito que duplican tu recarga, free spins en los slots más populares, torneos exclusivos con premios en efectivo, y un generoso programa de cashback que te devuelve un porcentaje de tus pérdidas semanales, dándote una segunda oportunidad. Para los más leales, los programas VIP ofrecen beneficios como gestores de cuenta personalizados, retiros más rápidos y bonos exclusivos.

Métodos de Pago Argentinos: Rápido, Seguro y Local

La facilidad para mover tu dinero es crucial. Dopaminas se ha integrado perfectamente al ecosistema financiero argentino. Podés fondear tu cuenta al instante con tarjetas de crédito y débito, transferencias bancarias o a través de billeteras electrónicas como Mercado Pago y Ualá. Para los usuarios más vanguardistas, también se aceptan criptomonedas como Bitcoin y Ethereum, ofreciendo anonimidad y rapidez. Los retiros son procesados con agilidad una vez verificada tu cuenta, priorizando siempre que tus ganancias lleguen a vos en el menor tiempo posible.

Una Experiencia de Usuario Diseñada para Vos

Navegar por Dopaminas es intuitivo y fluido. Tanto el sitio web como las aplicaciones móviles (disponibles para iOS y Android) tienen un diseño moderno y responsive que se adapta a cualquier dispositivo. Encontrar tu juego favorito, tu partido para apostar o gestionar tu cuenta es cuestión de unos clics. La búsqueda inteligente, los filtros por proveedor o tipo de juego, y las secciones de “juegos nuevos” o “populares” te ayudan a descubrir nuevas opciones constantemente.

Atención al Cliente: Soporte Real, en Tiempo Real

¿Tenés una duda sobre un bono, un problema con un depósito o una pregunta sobre las reglas de un juego? El equipo de soporte de Dopaminas está disponible 24/7 para asistirte. Podés contactarlos a través del chat en vivo, la opción más rápida y directa, o por correo electrónico. El servicio se destaca por su profesionalismo y su capacidad para resolver problemas en español, entendiendo las particularidades del mercado local.

Explorá el Ecosistema Completo: Tus Puertas de Acceso

La red Dopaminas está interconectada, permitiéndote explorar diferentes facetas según tu estado de ánimo. Te invitamos a conocer cada uno de sus portales especializados:

• Dopaminas Win Bet: Enfocado en la victoria estratégica en apuestas deportivas.
• Dopaminas Play Bet: Donde la diversión y la emoción de apostar se combinan.
• Dopaminas Casino Bet: La fusión perfecta entre juegos de casino y opciones de apuesta.
• Dopaminas Bet VIP: Un espacio premium para los apostadores más serios.
• Dopaminas Bet 365: Ofreciendo una cobertura deportiva extensa y constante.
• Dopaminas: Ofreciendo una cobertura deportiva extensa y constante.

Juego Responsable: La Base de Todo

Dopaminas promueve una cultura de juego saludable y responsable. La plataforma ofrece una serie de herramientas para que vos tengas el control: podés establecer límites de depósito diarios, semanales o mensuales, solicitar un período de autoexclusión temporal si lo necesitás, o acceder a enlaces directos a organizaciones de apoyo para la ludopatía. En Dopaminas, la diversión siempre está por encima de todo, y cuidar al jugador es una parte fundamental de su filosofía.

Conclusión: Más que una Plataforma, una Comunidad de Ganadores

Dopaminas ha logrado sintetizar en un solo ecosistema todo lo que el jugador argentino moderno busca: variedad incomparable, seguridad inquebrantable, bonos generosos, una experiencia de usuario excepcional y un compromiso firme con el juego responsable. Ya sea que tu pasión sea seguir a tu equipo de fútbol, sentir la tensión de una mano de póker, buscar el jackpot en un slot o interactuar en un casino en vivo, Dopaminas tiene un portal diseñado para vos. No se trata solo de jugar; se trata de vivir una experiencia de entretenimiento premium, donde cada clic está respaldado por la seriedad y la innovación de una marca líder. Registrate hoy y descubrí por qué miles de jugadores en Argentina ya han hecho de Dopaminas su destino definitivo para la emoción online. Tu próxima gran victoria te está esperando.

Planet Earth is currently experiencing an unprecedented loss of biodiversity, an extinction crisis so severe that many scientists have labeled it the Sixth Mass Extinction. Unlike past events caused by natural catastrophes, this one is driven almost entirely by the activities of a single species: humans. At the heart of this crisis are the world’s endangered animals—species whose populations have dwindled to such low numbers that they are on the verge of disappearing forever. From the snow-covered forests of Siberia to the vibrant coral reefs of the tropics, these creatures represent a silent alarm, signaling a profound imbalance in the health of our planet.

A species is classified as “endangered” when it faces a very high risk of extinction in the wild. The primary authority on this status is the International Union for Conservation of Nature (IUCN), whose Red List of Threatened Species is the world’s most comprehensive inventory of the global conservation status of biological species. The causes driving this decline are multifaceted and interconnected, but they primarily stem from human impact. The single greatest threat is habitat loss. As human populations expand, forests are cleared for agriculture and palm oil plantations, wetlands are drained for urban development, and rivers are dammed for hydroelectric power. This relentless destruction fragments and eliminates the homes, breeding grounds, and food sources that animals need to survive, pushing species like the orangutan and the Sumatran tiger into ever-smaller pockets of wilderness.

Compounding this is the accelerating threat of climate change. Rising global temperatures are melting the Arctic sea ice, which is the essential hunting platform for polar bears. Warmer oceans are causing mass coral bleaching events, destroying the delicate ecosystems that countless marine species, including the hawksbill sea turtle, depend on. Changes in temperature and rainfall patterns also disrupt migration and breeding cycles, creating a mismatch between animals and their traditional food sources.

Furthermore, the direct exploitation of wildlife continues to be a major driver of extinction. The illegal wildlife trade, a multi-billion-dollar global industry, fuels the poaching of elephants for their ivory, rhinoceroses for their horns, and pangolins for their scales. The demand for exotic pets and animal parts pushes species to the brink. The vaquita, a small porpoise found only in the Gulf of California, is the world’s most endangered marine mammal, with fewer than a dozen individuals remaining, driven to extinction as accidental bycatch in illegal fishing nets set for the totoaba fish. Pollution is another silent killer. Plastic waste in the oceans entangles and chokes marine life, while chemical pollutants and pesticides poison food chains on land and in water.

The loss of a single species is not just a tragedy in itself; it can have a devastating ripple effect across an entire ecosystem. Many endangered animals are “keystone species,” meaning their role is so crucial that their disappearance can lead to the collapse of the ecosystem’s structure. For example, the decline of sea otters, hunted for their fur, allowed sea urchin populations to explode, which in turn decimated the kelp forests that provided food and shelter for hundreds of other species. When we lose pollinators like bees and certain bats, we threaten the reproduction of the plants they pollinate, including many of our food crops. Every extinction tears a thread from the intricate web of life, weakening the resilience and stability of the natural systems that provide us with clean air, fresh water, and a stable climate.

Despite the grim reality, hope is not lost. Around the globe, dedicated conservationists, scientists, and local communities are fighting to turn the tide. Conservation efforts take many forms. The establishment of national parks, wildlife reserves, and marine protected areas provides safe havens where animals can live and breed without human interference. For species with critically low numbers, captive breeding programs have become a last resort, successfully reintroducing animals like the California condor and the black-footed ferret back into the wild.

International agreements like the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) aim to regulate and stamp out the illegal wildlife trade. On a local level, community-based conservation initiatives are empowering the people who live alongside wildlife to become its protectors, creating sustainable livelihoods that are linked to the health of the ecosystem. Technology is also playing a new role, with satellite tracking, drones, and DNA analysis being used to monitor populations and combat poaching more effectively.

Ultimately, saving endangered species requires a collective global effort. It demands that governments enact and enforce stronger environmental protections, that corporations adopt sustainable practices, and that individuals make conscious choices to reduce their ecological footprint. The fate of the Amur leopard, the Javan rhino, and thousands of other species rests in our hands. Protecting them is not just about preserving the beauty and wonder of the natural world; it is about safeguarding the health of the planet and recognizing our fundamental responsibility as its stewards.

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If your biotech company is like most U.S. businesses, it has been severely impacted by the ongoing coronavirus crisis and the stay-at-home orders that have been mandated across the country. Legislation was recently passed by Congress and signed into law that may make available disaster relief to your biotech company: the Coronavirus Aid, Relief, and Economic Security Act (the “CARES” Act).

The CARES Act established a new business loan program, the Paycheck Protection Loan Program (“PPP”), which will enable a U.S. biotech company qualifying as a small business to receive a loan in the amount of 2.5 times the company’s monthly payroll costs. As part of the PPP, biotech companies (and other small businesses) may be eligible for loan forgiveness on any loan proceeds applied during the eight week period immediately following receipt of the loan towards payroll, rent, utilities, and interest on mortgage and debt obligations incurred prior to February 15, 2020, provided that all employees are kept on the payroll for the eight week period and the documentation verifying the use is submitted to the lender. Any loan proceeds that are not forgiven will have a maturity of 2 years and an interest rate of 1%. The program is described in more detail on this weblink The interim regulations describing how the program will work are linked here and the FAQ addressing questions and answers is linked here.

To participate in this loan program, your company should submit an application through your primary bank. Alternatively, many online and non-bank business lenders are also participating in the loan program, so working through such a lender may be an available option.

In addition, your biotech company may be eligible for an economic injury disaster loan advance of up to $10,000. Originally these advances were supposed to be available within 3 days of submitting an application; however, this now been revised to remove the previously defined deadline. Advances should be requested directly through the SBA website at this link: https://covid19relief.sba.gov/#/. The loan advance will not have to be repaid but the amount may be deducted from a subsequently obtained PPP loan.

It is anticipated that the funds allocated to this program are going to run out before all the applications are processed, so companies are being encouraged to submit applications as soon as possible. It is unfortunately not clear how long businesses will have to wait to receive the aid. To date, the California Biotech Law Blog is only aware of one approved business via a third party report, and has heard of no business actually receiving any aid through these programs.

The Prinz Law Office, which publishes the California Biotech Law Blog, has announced the opening of its new San Francisco Bay Area location in San Francisco. The new location will better enable the firm to serve clients in the northern Peninsula, San Francisco, and North Bay areas. For more information on the announcement, please click here.

The Prinz Law Office, which publishes the California Biotech Law Blog, is pleased to announce the opening of its new Palo Alto Office. The new location will enable the law firm to better serve clients throughout the San Francisco Bay Area. For more information on the announcement, please click here.

Biotech industry watchers unfortunately have yet to give us good news about the direction of the industry. 2011 finished as another disappointing year for IPOs, and 2012 is anticipated to bring us more of the same.  The prevailing wisdom continues to be that today’s investors have more of an appetite for investing in social media than biotech. 

Fierce Biotech reported that only 10 U.S. biotech companies went public last year, which is down from just 13 in 2010, listing these  companies as follows:

• Clovis Oncology for $130 Million
• Sagent Pharmaceuticals for $92 Million
• Fluidigm for $76.5 Million
• Endocyte for $75 Million
• Tranzyme Pharma for $54 Million
• Horizon Pharma for $49.5 Million
• New Link Genetics for $43.3 Million
• Paciri Pharmaceuticals for $42 Million
• BG Medicine for $40.25 Million
• AcelRx for $40 Million.

Genetic Engineering Biotechnology News (“GEN”) counted 13 IPOs in 2011 and 16 in 2010, apparently including biofuel companies in the list, and reported that “of the 20 biopharma IPOs now trading below their IPO price, nine lost more than half of their share price, while eight lost between 26-50%, and other three between 1$-25% of their share price.” 

The consensus was clearly that the outcome of these IPOs was at best lackluster and certainly not what the companies had hoped for.

Unfortunately, 2012 is not expected to be any better.  GEN is reporting that G. Steven Burrill projects that a mere 25 biotechs worldwide will complete IPOs in 2012.  

What biotechs are anticipated to be on that list? 

Investorplace and GEN both are reporting that Verastem, an oncology therapeutics company,  intends to go public in 2012 and to sell 4.5 million shares at a range of $9 to $11.  In addition, GEN is reporting that five other biotech companies plan to go public:

• Argos Therapeutics, a company focusing on metastatic renal cell carcinoma and HIV, plans to raise up to $86 Million;
• Cempra Pharmaceuticals, a company having two Phase III products: a pneumonia treatment CEM-101 in three separate studies and a MRS and skin infection treatment CEM-102 in another study, plans to raise $86.25 Million;
• Merrimack Pharmaceuticals, a company having a Phase II lead candidate MM-398, which is a pancreatic and gastric cancer chemotherapy treatment, plans to raise $172.5 Million;
• Rib-X Pharmaceuticals, a company having a Phase III candidate delafloxacin for acute bacterial skin and skin structure infections, plans to raise $80 Million; and
• Supernus Pharmaceuticals, a company having a lead candicate SPN-538 for epilepsy, which received FDA approval in November 2011, plans to raise $100 Million. 

All in all,  the outlook for biotech IPOs is not expected to improve much in the coming year.  Moreover, there is really nothing on the horizon to suggest that we will see any real improvement in the coming years either.   In the current economic climate, investors remain dubious about investing in early stage biotech companies, and biotech companies remain nervous about going public for the same reasons.  As GEN observed:  “[The] way to measure the health of the biopharma IPO market for this year will be to see how many companies backtrack on plans to go public.  Since 2010, six biopharmas have withdrawn their IPOs.”

I think I can safely speak on behalf of California’s biotech community when I say that we are looking for the light at the end of the tunnel.  Until that happens, however, biotech companies will have to continue to look for other means of raising capital and to focus on acquisitions  rather than IPOs as the primary business goal.

Now that President Obama signed the patent reform bill into law on Sept. 16, 2011, it is only fitting to ask whether the passage of this bill was a win for the biotech industry?

According to Roy Zwahlen, manager of intellectual property and technology transfer policy at BIO, the answer is a clear “yes.” He posted a blog posting on the BIO website, in which he articulated a number of reasons why he thought the bill was good for biotech:

1) Greater resources and operational flexibility for the PTO;
2) New and improved proceedings for patent quality review;
3) Will end the abuse of a loophole in false patent marking litigation;
4) Change America’s first to invent system to a first to file system;
5) Make it easier for inventors to file a patent; and
6) Eliminate the “best mode” requirement in patent litigation.

I thought Mr. Zwahlen’s apparent support for the patent reform bill was interesting in light of the industry he represents. Like many of my Bay Area counterparts, I have a completely different take on the issue.

While I am all in favor of making government agencies work better, as someone who regularly works with start-ups, I simply fail to see how changing our prior first to invent system in the U.S. to a first to file system could possibly have been good for the biotech industry. There is no question that the rest of the world has been using a first to file system and that our system was out of sync with the system adopted by the rest of the world. Yet, I would argue that our first to invent system was beneficial to cash-strapped start-ups and small businesses, which often do not have the budget when they first launch their businesses to immediately file patents to protect their inventions. As a lawyer working with start-ups, I frequently get the question “how much time do I have to file?” Particularly in the current times, when start-ups and small businesses are arguably more cash-strapped than they have ever been and investment money is so difficult to come by, patent prosecution costs are a huge concern. It’s hard to see how it can be in the best interests of a start-up to have to race to file a patent on an invention or to risk losing the opportunity to own the rights on the invention altogether.

Moreover, I can’t help but ask the question: in light of the challenges posed by the current economy, why in the world did Congress and the President choose now to impose yet another burden on start-ups and innovators?

Stepping back from this issue a bit, as a small business owner myself, I’ve been very vocal in my criticism over what I think is our country’s recent misguided financial support for so-called too-big-to-fail businesses at the peril of small businesses, which I would argue are the backbone of our country and of our country’s future. The average small business in this country (with a few notable exceptions such as the scandal-ridden and bankrupt Solyndra) has not been able to so much as pay a financial institution to loan it money in this environment. Yet, all kinds of taxpayer money has been handed out to large institutions since the recession started. This is not a criticism of any particular administration, as both the Bush and Obama administrations have taken this approach, as well as the past few Congresses. Moreover, while I’ve listened over and over again to the arguments in support of why these decisions have been made, I continue not to agree with them. My position is that the innovation we are all seeking to give our economy a much-needed boost is just not going to come from a large business, and that starving small businesses of capital and funding instead the largest businesses in this country is just a very misguided policy approach. So, this is the perspective I come from as a small business myself, whose business is largely comprised of working with start-ups. And that is the perspective from which I approach this issue.

The bottom line: I would argue that the decision to move to a first to file system in a bad economy is yet another example of enacting policies that hurt the little guy in tough times. And I think that it ultimately is bad for the biotech start-up out there who is trying to come up with cash to fund a patent program, or for the inventor who is trying to do something productive with his or her invention.

Fourteen states filed suit yesterday to challenge the constitutionality of the health care reform bill.

The states of Florida, Alabama, Colorado, Idaho, Louisiana, Michigan, Nebraska, Pennsylvania, South Carolina, South Dakota, Texas, Utah, and Washington joined together in a suit filed in Florida.

Virginia filed its own suit separately.

The crux of these suits is the constitutionality of the new health care legislation, which will now increase the federal government’s regulatory powers into health care insurance, which had been traditionally regulated at the state level (along with most private insurance), and will impose penalties on individuals for failing to purchase private insurance policies.

If you have been following the commentary on this issue at all, you know that this argument is basically a classic states’ rights debate: that the legislation deprives the states of sovereignty and violates the 10th Amendment to the Constitution, which says that powers not delegated to the federal government are reserved to the states.

Of course, the other side of the argument says that the bill is constitutional because Congress has the power to regulate interstate commerce under the commerce clause of the Constitution.

As most lawyers recall from our Constitutional Law courses in law school, the commerce clause has been read in recent years to provide the federal government greater and greater powers to regulate interstate commerce in various ways.   For this reason, many commentators are predicting that the legislation will stand up under constitutional scrutiny.

But should it withstand constitutional scrutiny?   There is no question that insurance generally, and particularly health insurance, has up until now been entirely within the purview of state regulation.  Each state has its own regulatory requirements for what can be in health insurance plans offered under that state, each state has its own insurance commissioners, and each state makes independent regularly decisions about the activities of individual insurers.  We haven’t even been able to buy insurance over state lines–if you move to a new state, you have to get a new policy entirely.  So, clearly insurance has long been viewed as falling under the purview of the states.

Moreover, this legislation now allows the federal government to mandate that you buy health insurance, and if you do not, you will be penalized by the IRS.  While supporters argue that this is like state laws requiring that you buy car insurance, I think that there is a valid argument that this is different.  In the case of car insurance, states are imposing these requirements on residents of their state who choose to avail themselves of the privilege of driving, in order to protect other drivers from injury.  It’s hard to see the parallel when this is a federal instead of a state exercise of power, and when there is no privilege like driving involved with health care, which Democrats are now calling a “right.”

The bottom line is that the IRS is entwined in this bill, and there is a good chance that the Supreme Court will read this bill to be a valid exercise of commerce clause powers–even more so because a taxation component is involved.

However, if that happens, I think supporters of this bill should look beyond the current legislative debate and consider how continuing to broaden the commerce clause powers might be used in the future.  Extending the commerce clause is going to someday make it that much easier for a Republican Congress to use the new enhanced commerce clause powers in a way that may not be quite so palatable to Democrats.  Continuing to allow an encroachment of states’ rights does have consequences and they are consequences that may very well cut in both directions.   I think it is an open question as to whether we as Americans want to continue to see the commerce clause powers continuing to encroach on states’ rights.   The line is moving further and further over into the traditional purview of the states: where is the hard stop?  Do we as Americans care enough to draw a line in the sand and say it stops in any particular place or are we okay with the states’ powers continuing to dwindle?

Clearly, this challenge raises some very interesting constitutional and societal issues.  So, whether you support health care reform and this particular piece of legislation, or you oppose it, I would urge you to tune into this Constitutional debate.  How the issues are decided will have an impact that goes far beyond our recent health care reform debate. The California Biotech Law Blog will continue to follow this issue as it unfolds.

Well, unless you have spent the last few weeks stranded on a desert island, you probably know that yesterday was the big health care vote.  As expected, the Democratic majority in the House passed the health care reform bill–despite the fact that the bill was vigorously opposed by a large percentage of the American public.

While the legal battle challenging the constitutionality of the law is just getting started and is likely to continue for some time, the biotech industry is just starting to process what yesterday’s vote will mean for its industry.

BIO,  the biotech industry organization, released a statement on the vote yesterday, which took a decidedly positive tone.  In support of its position, BIO cited three key benefits of the bill:

1. The bill provides hope for Americans living with debilitating diseases.
2. The bill created a pathway to enable the U.S. Food and Drug Administration (“FDA”) to approve biosimilars.
3. The bill included a Therapeutic Discovery Project Tax Credit, which is designed to provide financial relief to some biotech companies that are suffering in tight credit markets.

Why was BIO so positive about this legislation?

Well, the remarks suggest that BIO is happy with several of the carrots that were thrown at the industry in this bill: biosimilar legislation and a tax credit for biotech companies.

Noticeably absent in the BIO statement, however, was any statement to the effect that health care reform will advance the biotech industry in any way.  Instead, the only reference made to reform itself was that it will bring “hope” to Americans suffering from diseases.  Is this an oversight on BIO’s part?  In my opinion, no.

While there is no doubt that most biotech industry members applaud the idea of providing health care to all Americans, and you can certainly say that reform will increase the potential customer base for biotech products, it is a definite  stretch to say that this reform bill will prove beneficial in any way to the biotech industry.   How could it?  Any enterpreneur in the biotech space knows that the U.S. market has always been the most lucrative due to compensation issues–the U.S. consumer finances the world’s drug development costs.  What happens when you impose drug price controls, which are inevitable in government-controlled health care?  It doesn’t take an expert to see that the world’s most lucrative market will become a lot less lucrative.  It will become like most of the other markets in the world, which have price controls, too.  This kind of change will inevitably impact entrepreneurship in the biotech space.  Launching a biotech company requires huge risk and tremendous investment capital.  Will the capital be there when the huge  potential payoff is not?  It will take a huge amount of increased business to make up for the loss of revenues in the U.S. market due to price controls.  Will what is left be enough to encourage drug development?

While the answer to that question is still unclear, I think it is a safe bet that true entrepreneurs will find away to adapt to the new realities of the market.  Many entrepreneurs–me included–have had to do this in the past year to survive the recession.  I have adjusted my business model completely to deal with the new realities of the legal market,  and I think it is a safe bet that many other small businesses who survive this recession will have done the same thing for their markets.  I am sure that there will be biotech entrepreneurs who can adjust their business models to the new realities of the U.S. market after the passage of this bill as well.

Having said this, there is no question that this bill is going to have an impact on the industry.  Change is coming to biotech–and it may not be the kind of change that members of the biotech industry wanted.

So, what about the carrots that got thrown into this bill for the industry?  What kind of impact will those carrots have on the industry?

Well, the tax credit may be beneficial to some companies, but my guess is that it will have a minimal impact on struggling companies who are unable to land the capital they need to survive this recession.   It seems a stretch to say that a tax credit is going to “save and create thousands of jobs across our nation” as the BIO statement claims.  A tax credit only helps if you are generating revenue to pay taxes with, and many stuggling biotechs likely need investment capital more than they need a tax credit at this point in time.

As for the biosimilars piece to the legislation, this topic has been heavily debated for some time and remains controversial.  It is legislation that is going to benefit some companies at the expense of other companies, so it is difficult to say it really will “benefit” biotech.  The legislation will benefit companies seeking to manufacture biosimilars at the expense of the brand.  The California Biotech Law Blog will explore this issue in more detail in a separate blog entry.  The bottom line is that BIO is supporting the legislation simply because it creates a pathway for the approval of biosimilars, which previously did not exist, and BIO is taking the position that this is the right decision for biotech.

All in all, the impact of this bill on biotech is one that may be debated and evaluated in the months to come.  The California Biotech Law Blog will continue to follow the developments as they unfold.

Medicareer has named the California Biotech Law Blog to be on its list of Top 50 Biotech Blogs.

The California Biotech Law Blog joins  a number of well-regarded publications, which also made the list such as the  In Vivo Blog and the  BioHealth Investor.  The list also includes a number of blogs that I have not previously come across, which we at the California Biotech Law Blog look forward to checking out.

The California Biotech Law Blog thanks  Emily Johnston of Medicareer for letting us know that we were included on this list!  It is an honor to be recognized among so many other biotech publications on the Internet.