BioWorld. Link to homepage.

Clarivate
  • BioWorld
  • BioWorld MedTech
  • BioWorld Asia
  • BioWorld Science
  • Data Snapshots
    • BioWorld
    • BioWorld MedTech
    • Infographics: Dynamic digital data analysis
    • Index insights
    • NME Digest
  • Special reports
    • Infographics: Dynamic digital data analysis
    • Trump administration impacts
    • Under threat: mRNA vaccine research
    • BioWorld at 35
    • Biopharma M&A scorecard
    • BioWorld 2024 review
    • BioWorld MedTech 2024 review
    • BioWorld Science 2024 review
    • Women's health
    • China's GLP-1 landscape
    • PFA re-energizes afib market
    • China CAR T
    • Alzheimer's disease
    • Coronavirus
    • More reports can be found here

BioWorld. Link to homepage.

  • Sign In
  • Sign Out
  • My Account
Subscribe
BioWorld - Wednesday, December 10, 2025
Home » Blogs » BioWorld Perspectives » A Stifled U.S. Biotech Sector: Is it Too Late to Recover?

BioWorld Perspectives
BioWorld Perspectives RSS FeedRSS

BioWorld

A Stifled U.S. Biotech Sector: Is it Too Late to Recover?

June 20, 2012
By Lynn Yoffee

BOSTON ? Amid all of the excitement that comes with the biopharma industry’s largest annual gathering in Boston this week, I’m worried about the future. The U.S. has lost too much ground ? due to the obvious partisan gridlock in Washington, regulatory disincentives and the scarcity of funding ? so much that its powerful lead in developing biotech drugs will never recover.

What worries me most is the passive acceptance of it all. A few examples to illustrate from BIO 2012:

  • During Tuesday’s keynote luncheon, when two former U.S. treasury secretaries droned on about the dangers of our teetering world economy, BIO’s President and CEO, Jim Greenwood said lawmakers are bound for another “mother of all lame ducks” session, and that they will just kick the problem cans down the road beyond the next presidential election. So, we should just accept that more growth time will be wasted as politicians fight for power and bicker ad nauseam? Private business wouldn’t have the luxury of government. Do, or die.
  • I was also pretty shocked during that keynote to turn around and see that more than two thirds of the luncheon’s 2,300 attendees has slipped out before the speakers finished. It always happens near the end of talks, but the en masse exit was embarrassing. Are people just numb to economic woes? Bored? One guy near me threw his head back for a nap and snored freely until nudged.
  • On Wednesday morning BIO released a survey of Americans and biotech execs about the state of biotech with some unsurprising answers: Everyone remains optimistic about the future of the science, but dismal about regulatory burdens and a weakened economy. Most interesting was that more than half of the execs said they’ve been approached by foreign governments or foreign business development organizations to move operations and jobs overseas. Who can afford to ignore the offer of desperately needed funding support?
  • As Greenwood said, we’re at an obvious critical crossroad. We risk losing America’s leadership in biotech innovation. And it’s happening right now.
  • Looking back to a 2007 BIO survey, almost two-thirds of industry execs said regulatory burdens were their biggest worry. In 2012, it was virtually the same (55 percent in 2007, compared to 62 percent in 2012). No progress. Nada. In 2007, 9 percent said taxes were a top challenge for the next decade. This year 27 percent rank it as a critical issue.
  • Sen. John Kerry (D-Mass.) was a no-show as Wednesday’s keynote luncheon speaker. Greenwood said he had more important obligations in DC. I’m glad he’s staying on the job, but I hope he’s using some of that time to do something for biotech.
I’m not trying to be a buzzkiller at biotech’s biggest party. And I don’t have the answers to the governmental gridlock that’s stifling industry growth and encouraging moves to other countries. Instead, I’m patriotically appealing to all of the 17,000+ attendees to use the power of the democratic process to lean on our lawmakers and not acquiesce to what currently seems like America’s inevitable stumble as the leader in biotech drug development. Naïve? Maybe. Ever hopeful? Absolutely.

Popular Stories

  • Today's news in brief

    BioWorld
    BioWorld briefs for Dec. 9, 2025.
  • Today's news in brief

    BioWorld MedTech
    BioWorld MedTech briefs for Dec. 9, 2025.
  • 3D rendering of prion structure

    Epigenetic technology could eliminate misfolded prion proteins

    BioWorld Science
    The number of deaths caused by prion diseases reaches about 30,000 annually. Only 5 months pass from the diagnosis of seemingly healthy patients to the fatal...
  • Novo Nordisk semaglutide pill

    CTAD 2025: Diagnosing semaglutide’s failure in Alzheimer’s trials

    BioWorld
    A little over a week after announcing that the Evoke and Evoke+ studies failed to show that oral semaglutide could slow cognition decline in patients with...
  • Brenig Therapeutics discovers new LRRK2 inhibitors

    BioWorld Science
    Brenig Therapeutics Inc. has described leucine-rich repeat kinase 2 (LRRK2; dardarin) and (LRRK2; dardarin) (G2019S mutant) inhibitors reported to be useful for...
  • BioWorld
    • Today's news
    • Analysis and data insight
    • Clinical
    • Data Snapshots
    • Deals and M&A
    • Financings
    • Newco news
    • Opinion
    • Regulatory
    • Science
  • BioWorld MedTech
    • Today's news
    • Clinical
    • Data Snapshots
    • Deals and M&A
    • Financings
    • Newco news
    • Opinion
    • Regulatory
    • Science
  • BioWorld Asia
    • Today's news
    • Analysis and data insight
    • Australia
    • China
    • Clinical
    • Deals and M&A
    • Financings
    • Newco news
    • Regulatory
    • Science
  • BioWorld Science
    • Today's news
    • Biomarkers
    • Cancer
    • Conferences
    • Endocrine/Metabolic
    • Immune
    • Infection
    • Neurology/Psychiatric
    • NME Digest
    • Patents
  • More
    • About
    • Advertise with BioWorld
    • Archives
    • Article reprints and permissions
    • Contact us
    • Cookie policy
    • Copyright notice
    • Data methodology
    • Infographics: Dynamic digital data analysis
    • Index insights
    • Podcasts
    • Privacy policy
    • Share your news with BioWorld
    • Staff
    • Terms of use
    • Topic alerts
Follow Us

Copyright ©2025. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing