Ernst and Young Life Sciences Report for January 2012

Understanding the issues facing your company or industry is critical to anticipating and alleviating business risk. To assist you, Ernst and Young offers two Smoke Detector® Reports that can help you quickly identify new legislative, regulatory and legal news affecting your business. One report monitors the life sciences industry and the other focuses on corporate compliance.

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SBIR and STTR Reauthorized for Six Years

Today the SBIR was reauthorized for a period of 6 years, ending September 30, 2017.  This  includes STTR, and what was the Commercialization Pilot Program (CPP), now to be known as the Commercialization Readiness Program (CRP).  The reauthorization was included in the National Defense Authorization Act of 2012 (NDAA) HR.1540.

The bill has been sent to the President to sign the bill into law, and he has said he would.Continue reading

Opportunity to comment on new reporting rule at CMS

For Immediate Release: Wednesday, December 14, 2011
Contact: CMS Office of Public Affairs
202-690-6145

AFFORDABLE CARE ACT SUNSHINE;

RULE INCREASES TRANSPARENCY IN HEALTH CARE

The Centers for Medicare & Medicaid Services (CMS ) announced today a proposed rule that will increase public awareness of financial relationships between drug and device manufacturers and certain health care providers.  This is one of many steps under the Affordable Care Act designed to increase transparency in the health care system, which can lead to better care at lower costs.Continue reading