Georgia Bio’s 2020 Legislative Agenda and What to Watch

By Joseph Santoro

Joseph Santoro headshot

The 2020 Georgia state legislative session officially kicked off yesterday. As usual, the first week will set the course for the session, one which we believe will be compressed compared to 2019 primarily because it’s an election year and members need to get home to be close to their constituents.

Our 2020 Georgia Policy and State Legislative Agenda

As the state’s life sciences advocacy group, the following are our areas of focus and goals. Please note: we are working on more detailed policy statements for all focus areas.

Workforce development  – Continue funding the Department of Education to advance Georgia Bio’s Rural Teacher Training Initiative (RTTI) to strengthen Georgia’s life sciences workforce pipeline through classroom-to-career initiatives that align with industry needs. The legislature provided more than $300,000 in 2019 to kick start the program. The first ever two-day training session is this week at the University of Georgia’s facility in Griffin. Sixty-four teachers have enrolled with the potential to impact more than 10,000 students across the state.

Biopharma  – Cultivate the biopharma R&D and manufacturing ecosystem in Georgia by supporting strong intellectual property protections for patents, data protection and coverage and payment policies that recognize the value of medical innovation.

Economic incentives and tax reforms  – Preserve existing economic development incentives and enact new tax policies that spur the life science industry and job growth. We reported last year that Georgia’s life science industry experienced a 14.9% growth in employment in the past decade. Including multiplier effects, the industry supports around 194,000 jobs and contributes $21.8 billion to Georgia’s GDP.

Medtech  – Support investment, innovation and patient access to medical device and diagnostic technologies to improve the efficiency of a healthcare system’s ability to detect diseases earlier and to reduce costs through more effective treatments.

Translational Research  – Support funding for the Georgia Research Alliance to levels necessary to spur bioscience innovations and commercialization through our research universities; strategically improve funding for post-secondary institutions in order to grow the state’s life science economy.

Digital Health  – Streamline regulations and expand the reimbursement of digital apps and devices, remote patient monitoring technologies, and genomic products as well as enhance educational efforts that help patients, providers and caregivers.

Patient Access  – Ensure patient access to innovative therapies and adequate provider networks through private and public insurance, including Medicaid, while enhancing plan transparency and encouraging competition among providers and insurers.

Food & Agriculture / Industrial and Environmental Biotech  – Support the R&D of cutting-edge innovation in Agricultural & Food and Industrial & Environmental biotechnology to improve crop yields, enhance food quality, help feed a growing population and foster responsible environmental biotech practices.


What we believe the session holds

FY 2021 Budget  – Passing a budget is the only constitutional requirement of the Georgia General Assembly. The budget process is going to play a large role in how legislation gets passed, especially with the Governor’s 4-7% budget cuts.

Pharmacy Benefit Managers (PBMs)  – As part of the Special Committee on Access to Quality Healthcare Expect discussion, plan to see legislation that seeks to improve patient access to therapies, reduces overall healthcare spending – including consumer costs – and improves transparency from PBMs to be introduced and widely discussed.

Patient advocacy and rare disease advisory council  – Senate Bill 274 would create a rare disease advisory council with the intention of addressing the needs of the rare disease community in Georgia by giving patients, families, caregivers and other stakeholders an opportunity to make formal recommendations to state leaders about the most important issues they face. While we have not taken a formal stance on this bill, we are working on a patient advocacy coalition with our colleagues at Pfizer. Because so many of our members have patient advocacy staff or “elements,” we seek to help them align more closely, connect on best practices, address challenges and more clearly understand what our role should be as an organization on the subject.

Ethylene oxide  – In light of recent data that have come to light, there are concerns about ethylene oxide levels in our air. Expect to see related legislation, but not necessarily definitive action. It is possible, if not likely, the legislation will generate further study for additional data and details to support a more robust, refined bill in 2021.


Get Engaged!
Join us for Georgia Life Sciences Day at the State Capitol on February 25th. This is an excellent opportunity for members to showcase their innovative products, services, and discoveries at the Georgia State Capitol.  Register here.

Banner for Georgia Life Sciences Day at the Capitol 2020

If you would like to plug into our Legislative Affairs Committee and be added to our bi-weekly calls during the session, email Joseph Santoro –  jsantoro@gabio.org

As always, feel free to contact Joseph or Maria on any issues, local, state or federal that impact your ability to grow your life science business or you feel need to be addressed from a legislative affairs perspective to the benefit of our life science ecosystem and patient population.

Follow Georgia Bio on  LinkedInTwitter  and  Facebook

By Maria Thacker Goethe August 1, 2025
As Washington heads into August recess, Georgia Life Sciences is counting down the days to the 2025 Georgia Life Sciences Summit , taking place August 26–27 in Sandy Springs . With just one month to go, this pivotal gathering will bring together innovators, investors, policymakers, and ecosystem leaders at a time when the national policy landscape is shifting rapidly—and not always in our favor. In just the past week, we’ve seen: A short-lived but deeply disruptive pause in NIH funding : The White House Office of Management and Budget (OMB) temporarily halted the issuance of NIH research grants, contracts, and training awards—impacting institutions nationwide, including here in Georgia. After significant backlash from Congress, research leaders, and advocacy groups, the administration quickly reversed course and released the funds. However, this episode underscores the growing unpredictability of federal research funding—one of the lifelines for our academic and startup ecosystem. The return of pharmaceutical tariffs : The administration announced a 15% tariff on European pharmaceutical imports , though it will not take effect until a national security review is completed. While far lower than the previously floated 200% rate, this move still poses a concern for supply chains and U.S. companies relying on EU-based manufacturing. Escalating pressure on drug pricing : President Trump has now issued direct letters to CEOs of 17 major pharmaceutical companies demanding implementation of Most Favored Nation (MFN) pricing within 60 days. The directive includes MFN pricing for all existing Medicaid drugs, future Medicare and commercial launches, and even repatriation of foreign revenues. While regulatory specifics remain vague, the message is clear: the administration is increasing its pressure on pricing reform—and that could have broad implications for biotech innovation, particularly among smaller companies. At the same time, a new BIO report shows that early-stage biotech funding continues to contract. Series A investment remains flat, IPOs are sluggish, and Q2 startup funding dropped to just $900 million—down from $2.6 billion in Q1. Layoffs across the sector have surged. This paints a sobering picture for many companies in Georgia and beyond. In this environment, Georgia Life Sciences remains committed to elevating our state’s voice, regionally and nationally . We continue to advocate for stable federal funding, smart policies, and the resources innovators need to survive and thrive. The Georgia Life Sciences Summit will be a platform to do just that, demonstrating the resilience of our ecosystem, celebrating homegrown successes, and shaping the future of health innovation in Georgia. I hope to see you there.
By Maria Thacker Goethe July 28, 2025
By: Clary Estes “Small companies are the lifeblood of the industry and a lot of what they do, and what they’re experiencing, greatly affects the industry as a whole,” said Chad Wessel, Director of Industry Analysis at the Biotechnology Innovation Organization (BIO). He spoke with Bio.News in an interview about BIO’s 2025 report, “ The State of Emerging Biotech Companies: Investment, Deal, and Pipeline Trends ,” focused on the biotech industry from the early-stage perspective. As researchers found, the current landscape is challenging, but there are still opportunities. “In the last couple years, we’ve had a little bit of a contraction of the industry. During COVID, we kind of had this sugar rush for the industry,” said Wessel. “A lot of companies were being created. A lot of money was being thrown out there. A lot more companies were being funded. And in the last couple of years, there has been a little bit more of a correction, and we’re seeing funding levels going down to what we’ve seen prior to COVID.” “But when you add on other challenges, like the political landscape and everything, it is leaning towards a very challenging environment for a lot of companies,” he continued. Bearish venture capital “In venture capital, yes, you have a lot of money, but it’s going to fewer companies at higher average amounts,” explained Wessel. “It’s creating this competitive haves and have-nots type marketplace or environment. So it just makes it a lot more competitive and more challenging to raise funds.” Instead of finding new opportunities, venture capitalists are investing more in companies they are already working with. As the BIO report found, the amount of new series A-1 investment rounds into biopharma remained flat between 2023 and 2024, while the number of U.S. companies receiving their first series A-1 tranche went from 102 to 100. This is in comparison to 181 in 2021, reflecting the COVID influx to emerging biotechs. Comparatively, as the BIO report found, the average amount for A-1 transactions in the U.S. saw a remarkable increase of 700% in the last 15 years, with the average amount raised sitting at $60 million in 2024. The rest of the world stayed relatively steady in comparison to the U.S.’s persistent growth. And with the more bearish tendencies of investors, Wessel and team observed an interesting trend. “2024 was the first year that clinical programs actually raised more venture dollars than pre-clinical, which hasn’t happened in a while,” said Wessel. “I think the last time that happened was in 2018. This ties into some of the information that we’ve heard anecdotally, which is that a lot of VC firms are focusing on the companies that they currently have in their portfolio, rather than adding new companies.” Licensing and deals dip It is not too surprising, then, that as investors shore up what they already have in the pipelines, the R&D pipeline and licensing have slowed somewhat. As the BIO report observed, long-term growth in the R&D pipeline continues with an overall growth of 145% since 2010. Yet, the 2024 expansion rate (4.6%) subsided slightly, trailing the 5-year average of 6.7%. “The growth has slowed on new programs, and more of those programs are being licensed with larger companies,” explained Wessel. “There are fewer options for big companies to backfill their pipeline with products because a lot of them are already out.” The data also shows a notable slowing of the R&D typically done by large biopharma companies. “The areas that are not licensed out as much are the ones with some of the higher patient populations and subsequently the ones that are not being run by small companies,” said Wessel. “These are areas like endocrine and cardiovascular diseases, which are areas where there are a lot of things like type 2 diabetes, psoriasis , high blood pressure, etc. Those all have a lot of burden on the healthcare sector or the patient population, and those aren’t really being worked on that much by smaller companies.” Comparatively – and also not surprisingly – oncology has stayed at the top of the clinical pipeline, along with neurology and infectious disease. “Same thing with licensing,” said Wessel. “While there are deals that are still happening, the upfront amount is lower currently than it has been in years past, and most of the value is tied up into milestone payments, which may or may not happen.” This is also being felt when it comes to new companies going public, which has been an oft-discussed challenge in the biotech industry for the last few years. “The IPO market has still been challenging,” Wessel says. “We went from having 40 companies a year going public, down to 15 in 2023, and now we’re back up in 2025, but it’s still down from the pre-COVID era timeframe.” Biopharma layoffs Another notable characteristic of this year’s biopharma landscape has been uptick in layoffs. “Sometimes it’s just the nature of the economy. But the amount that we’ve seen in the last few years is quite a bit higher,” said Wessel. “To counter that, we don’t really have a way of measuring job creation, but we do know it’s happening. We just are unable to put a value on that.” The BIO report found that layoff announcements ticked up to 65 during Q1 of 2025. While two points lower than Q1 of the previous year, this still marks a jump from 2024’s Q2, Q3, and Q4, which saw the number of layoff announcements at 41, 54, and 46, respectively. All in all, Wessel noted, the biotech industry is still in a bit of a holding period when it comes to trying to navigate the coming months. “It’s too early to be able to say much about the coming years for the industry based on these numbers,” he said. “It takes a little time for reality to kind of catch up for multiple reasons. But what I can say is that we do know that companies are reducing their pipelines. We do know that companies are laying off individuals. We do know that companies are having a challenge of raising funds and continue doing their best to try to maintain operations as long as they can until they can get funds.” “We know the challenge is out there, but we’re going to have to kind of wait and see a little bit on the data side of things to understand how everything is going to catch up going forward.” Source: https://bio.news/bioeconomy/bio-2025-state-of-emerging-biotechs-report-market-trends/?mkt_tok=NDkwLUVIWi05OTkAAAGb7m5php-rTOf0a_GTaj5pj7Zl-HlpVM25WtyVvCYudM82a9GKjoazUg9sqU66hlAbhqbEuYvcX3C4EqfBG7Q
By Maria Thacker Goethe July 26, 2025
Pioneer Institute has released updated #340B state fact sheets for 2025
MORE POSTS