Commentary
The Biden administration is boosting biotech. Big time.
It’s leveraging $2 billion to turbocharge the bioeconomy in America for a market expected to add tens of trillions of dollars in value over the coming years.
“Global industry is on the cusp of an industrial revolution powered by biotechnology,” according to a White House fact sheet accompanying Biden’s Executive Order on Advancing Biotechnology and Biomanufacturing Innovation for a Sustainable, Safe, and Secure American Bioeconomy. “Other countries are positioning themselves to become the world’s resource for biotechnology solutions and products.”
President Joe Biden wants America in the lead on biotech and is speaking his voters’ minds to get there. His fact sheet details biotech initiatives to “lower prices, create good jobs, strengthen supply chains, improve health outcomes, and reduce carbon emissions.”…