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Hey #genomics community: ICYMI the US Biosecure Act (HR7085) looks like it's still moving forward - which would have very far reaching implications across the #biotech research space - from academia to industry. https://t.co/LZZsClbjgA
The United States is taking another step to uproot #China from the #biotech supply chain as a new bill passes a House Committee. Meanwhile, big drugmakers are already bracing for changes ahead. https://t.co/8Zw8zil8x2
House committee advances #BIOSECUREAct, which would restrict US companies from contracting with Chinese #biotech providers such as @WuXi_AppTec from 31st January 2032. https://t.co/Dx4NYbDSxv
The House committee has voted 40-1 to advance the Biosecure Act, which targets Chinese biotech suppliers. The legislation, known as the Biosecure Act (HR7085), aims to restrict US companies from contracting with Chinese biotech providers, including WuXi AppTec, starting from January 31, 2032. This move is part of a broader effort by the United States to reduce China's influence in the biotech supply chain. The bill's progress is being closely watched by the biotech research community, as it could have far-reaching implications across both academia and industry. Big drugmakers are already preparing for the upcoming changes. Stocks mentioned in relation to this development include $XBI and $EVO.
