The BIOSECURE Act

The BIOSECURE Act is rewriting the rules for U.S. pharma and shaking up the entire global life sciences ecosystem. The bill, which recently passed the House of Representatives, was introduced as a way to manage global pharmaceutical supply chains flowing from Asia to the rest of the Western World.

For years, the U.S. and China have been engaged in a geopolitical tango that's part courtship, part boxing match. While U.S. companies appreciate more affordable manufacturing options, additional research opportunities, and access to the enormous Chinese market, there's been growing concern about intellectual property theft, data security, and China's ambition to dominate the biotech industry. The U.S. government is increasingly viewing China's biotech advances not just as economic competition, but as a potential national security threat, prompting the introduction of the BIOSECURE Act.

The impact of the act will be incredibly significant, potentially upending pharmaceutical supply chains, resulting in major drug shortages, and leaving many life-saving drugs hanging in the balance. As a nation, the U.S. could become woefully unprepared for the next big health scare, particularly with H5N1 lurking in the background of U.S. farms.

So what will happen next? Will this lead to a new era of secure, U.S.-based innovative drug development, or will it throw a wrench into the gears of global scientific progress?

Watch our full podcast episode on the BIOSECURE Act and find out what the expert and Chief Futurist, Frank Maggiore, says.

Learn what this legislation means for manufacturing, what supply chain strategies may look like going forward, and how some companies are staying ahead of the curve.

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References :

• 118TH CONGRESS 2D SESSION H. R. 7085 – The BIOSECURE ACT Bill -  
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