September 15, 2022
Life Sciences
  • The White House is planning to allocate $2 billion to launch President Biden’s new national biomanufacturing initiative. According to a press release, the administration will invest $1.7 billion to expand domestic biomanufacturing: the Department of Defense (DoD) will spend $1.2 billion to help public- and private-sector organizations expand their manufacturing capacity while the Department of Agriculture (USDA) will direct $500 million to creating more sustainable fertilizers. Another $310 million will support leveraging biotechnology for strengthened supply chains: the DoD will use $270 million to implement its Tri-Service Biotechnology for a Resilient Supply Chain program and the Department of Health and Human Services (HHS) will allocate $40 million to expand production of antibiotics and the starting materials needed to produce “essential medications and respond to pandemics.” (Press release here; Articles here and here)