RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:USA Inflation Reduction Act (IRA) 2022 Re: Biotech and ChinaApril 04, 2024 - The Biosecure Act prohibits federal contracting with “certain biotechnology providers” tied to foreign adversaries. The biotech companies of concern listed in the proposed legislation are WuXi AppTec, BGI, MGI and Complete Genomics.
If signed into law, the legislation would prevent biopharma companies that contract with “companies of concern” from also having contracts with the U.S. government, according to the law firm Foley Hoag.
Those smaller companies that had entered into manufacturing service agreements with the Chinese firms of concern, and now are claiming that they could be "materially Impacted" needed to make preemptive actions to mitigate any material impacts before entering such agreements. So my response to them is -- too bad -- so sad.
https://www.biospace.com/article/companies-detail-potential-fallout-as-pressure-on-wuxi-apptec-builds/