Healthcare Reform – Research Stimulus Provisions

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The Patient Protection and Affordable Care Act (PPACA) recently passed by Congress contains two sections that establish new economic subsidies for companies engaged in research for new methods of diagnosis and treatment of human disease, the Qualifying Therapeutic Discovery Project Credit and the Cures Acceleration Network grant program. Because companies in this field tend to have a constant and pressing need for additional funding, competition for these credits and grants is likely to be intense.

Pryor Cashman Partner Stephen M. Goodman, a member of the firm’s Life Sciences practice, has prepared a brief summary of these two programs for those persons who may wish to pursue these opportunities. His update is entitled Healthcare Reform – Research Stimulus Provisions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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