WASHINGTON--(BUSINESS WIRE)--May 21, 2013--The Association of Clinical Research Organizations announced today it has joined the Coalition of Small Business Innovators (CSBI). CSBI is a national, non-partisan coalition of organizations dedicated to stimulating sustained, private investment in small, highly innovative companies focusing on the development of new technologies.
“Clinical research organizations essentially constitute the infrastructure for the development of new medical therapies and technologies for many start-up biopharmaceutical and device companies,” said John Lewis, Vice President of Public Affairs at ACRO. “Too often, our members see the development of promising new therapies delayed or abandoned because of a lack of funding. We support the Coalition’s objective to attract additional capital to research-intensive companies. These changes, along with needed revisions to the R&D tax credit, will ensure a vibrant biomedical research industry in the United States.” Next generation innovators, which employ millions of Americans in a broad array of U.S. industries, are working every day to develop groundbreaking technologies to solve the greatest challenges facing our society – whether it’s finding a cure for cancer, developing new life-saving medical devices, or creating renewable energy and water technologies. These companies are also contributing to the economy by providing high-quality jobs and by helping keep the U.S. competitive and on the cutting edge of research and technology breakthroughs.
The Coalition of Small Business Innovators believes that, through the tax code, Congress and the Administration should enact policies that promote greater private investment in small business research-intensive innovation in order to maintain America’s global competitiveness, sustain and create American jobs, and incentivize investments in the United States.
Coalition members include: Advanced Medical Technology Association (AdvaMed); Algae Biomass Organization (ABO); Association of Clinical Research Organizations (ACRO); Biotechnology Industry Organization (BIO); Center for Innovative Technology (CIT); Commercial Spaceflight Federation (CSF); CONNECT; Electricity Storage Association (ESA); Fuel Cell & Hydrogen Energy Association (FCHEA); Medical Device Manufacturers Association (MDMA); NanoBusiness Commercialization Association (NanoBCA); National Council for Advanced Manufacturing (NACFAM); Neurotechnology Industry Organization (NIO); TechAmerica; Water Innovations Alliance (WIA).
More information about the coalition can be found at: www.smallbusinessinnovators.org.
The Association of Clinical Research Organizations (ACRO) represents companies that provide a variety of specialized services that support the development of new pharmaceuticals, biologics and medical devices. The association provides an active voice for the CRO industry globally. Through its member companies, ACRO helps improve the quality, efficiency and safety of biomedical research. ACRO member companies employ approximately 95,000 professionals worldwide and annually conduct more than 11,000 clinical trials involving nearly two million participants in 115 countries. For more information, please visit www.acrohealth.org. Twitter @acrohealth. YouTube @ ACROHealthChannel.