Originally posted by GP
PH and CA, how much will the restrictions affect US biotech research. How much of a percent impact on our companies? (in terms of lost discovery space).
PH and CA, how much will the restrictions affect US biotech research. How much of a percent impact on our companies? (in terms of lost discovery space).
Hmm ... since I am not an economist nor very familiar with the firms that actually do the biotech work, anything I offer would be mere opinion.
With that in mind, I don't think U.S. biotech firms would move to Europe. Not at the rate they tax over there, anyhow. I do, however, think that the companies wouldn't be too hard pressed to spin off European-based subsidiaries or simply move the biotech part of their operations over to the Continent (someone else on this thread mentions that, too). Of course, Europe isn't necessarily *the* destination, either, as there are plenty of countries out there who might not have a problem hosting biotech research that delves into the human embryo side of research.
Personally, I don't think a ban will be enacted. Restrictions, yes, but no ban. When it comes to Republicans and Democrats, soft money seems to win the day most of the time, not ethics or morals.
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