How US tax reform will impact developmental biotech

18 December 2017

Top US Republicans Senator John Cornyn and Representative Kevin Brady said on Sunday morning talk shows that they were confident their tax overhaul would become law by the end of the week.

The bill has been criticized by many as benefiting corporations and the wealthy while hurting the poor and middle class, and Democrats remain united against the legislation.

The pharmaceutical industry as a whole is set to benefit from the tax reform vote to take place this week, commented John Engle of Almington Capital on the Seeking Alpha blog.

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