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Negative Effects of the Inflation Reduction Act on the Life Sciences Manufacturing Industry

US Launches Attack on Drug Developers The Life Science Manufacturing industry has long been hailed as the bedrock of groundbreaking medical research and innovation, particularly in the realm of drug development. With the United States leading the charge, accounting for 55% of approved drugs globally, the mutualistic relationship between public and private sectors has undeniably […]

Q2 2023 Quarterly Report

Mid-Year Insights Into the Life Sciences Industry 3 topics influencing the life sciences industry: The Inflation Reduction Act Rate of FDA Approvals of New Drugs The Massachusetts Bio Hub 1. Inflation Reduction Act (IRA) The Inflation Reduction Act (IRA), passed into law in August 2022, includes provisions that directly affect the life sciences industry: $35 […]

Worcester airport logistics firm expands facilities to accommodate life sciences growth

Worcester-based Euro-American Worldwide Logistics has completed a 20,000-square-foot expansion of its Airport Drive warehouse facilities in support of the life sciences industry. The expansion adjacent to the Worcester Regional Airport was conceived to offer more storage space for life science companies, said Jason Moore, director of sales and marketing for Euro American. The new warehouse […]