The Hill News

On Wednesday morning, Senator Bob Casey will convene a Joint Economic Committee hearing to discuss the role that the life sciences industry â€" including biopharmaceutical research companies â€" plays in promoting innovation and creating jobs across the U.S.

We commend the committee for recognizing the importance of our sector, both in terms of the positive impact biopharmaceutical companies have on America’s economy and in terms of the life-saving products that result from the innovative work that they do.

Unfortunately, our companies are not immune to the economic downturn that plagued America in recent years, and they today face challenges that they could not have anticipated just a decade ago.

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