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US biotech firms line up for tax credits.
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- Author(s): Ledford, Heidi
- Source:
Nature. 6/17/2010, Vol. 465 Issue 7300, p854-855. 2p. 2 Color Photographs, 1 Graph.
- Additional Information
- Subject Terms:
- Subject Terms:
- Abstract:
The article reports on the Therapeutic Discovery Project Program which aims to lift the biotechnology industry in the U.S. that struggled during the economic crisis. It mentions that under the program, biotech companies can take advantage of a tax credit worth up to 5 million dollars. It also says that for a company to be eligible for the tax credit, it must have a project that demonstrates the potential to produce new therapies, contribute to the curing of cancer, and reduce health care cost.
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