2022 Policy Priorities
The CBSA team leads policy efforts on behalf of the life sciences ecosystem and our members, who dedicate their careers to changing and saving lives with health innovations, products, and services.
We work to create a pro-innovation policy environment that enables the growth of the life sciences community and the development of breakthrough treatments and cures for patients.
State Policy Priorities
Protect Patient Access to Health Innovation
CBSA works to protect timely patient access to needed therapies and technologies. To support this priority, CBSA promotes policies that improve coverage and access to groundbreaking treatments by removing unnecessary coverage barriers and reducing delays to treatment.
Strengthen Incentives for Innovation
CBSA advocates for a public policy environment that strengthens incentives for innovation and offers predictability on the path from research to market. CBSA works to mitigate or defeat any new legislative or regulatory proposals that will impede research, place undue burdens on the industry, or create unintended consequences for our members.
Increase Capital and Growth
CBSA fosters the growth of successful access to capital programs, including the Advanced Industries Accelerator Grant Program, the Advanced Industry Investment Tax Credit, and the Advanced Industries Export Program. CBSA advocates to bring new life sciences investments to Colorado and explore new funding models that could attract additional public and private capital.
Promote a Favorable Tax and Regulatory Environment
CBSA advocates for proposals to strengthen the state’s tax and regulatory environment, which is crucial to maintain and grow a competitive life sciences ecosystem. This includes efforts to modernize the state’s economic development incentives and enact new tax policies to spur company and capital formation. CBSA also works to prevent erosive measures that could make it harder to expand current companies or attract new life sciences companies to Colorado.
Cultivate an Educated Workforce
CBSA supports workforce development initiatives to create a talent pipeline for the growing life sciences ecosystem. CBSA champions efforts to enhance Science, Technology, Engineering, and Math (STEM) education and encourages the development of educational pathways, internship programs, and other initiatives to grow Colorado’s life sciences workforce.
Promote Strategies to Improve Public Health
CBSA is committed to promoting strategies and public policies that improve public health and build healthier communities in Colorado. This includes advancing proposals to prevent disease, reduce health disparities, and foster equitable access to therapies and technologies.
Advance Ecosystem Priorities within the Colorado State Budget
In the 2022-23 fiscal year, the state will continue to make strategic investments to fund essential programs and stimulate the economy. CBSA will advocate for funding for ecosystem priorities, including the Advanced Industry Investment Tax Credit.
Federal Policy Priorities
Protect Patient Access to Health Innovation
CBSA works to protect timely patient access to needed therapies and technologies. The association supports reimbursement policies that facilitate patient access to the right therapy or treatment at the right time, including appropriate and inclusive coverage, coding, and payment for biopharmaceutical, medical device, and diagnostic products.
Increase Research Funding
CBSA advocates for increased National Institutes of Health (NIH) funding and other federal research funding that fuels life sciences investment and innovation in Colorado and across the country.
In FY 2019, Colorado received $427.2 million in grants and contracts from NIH, which directly supported 7,980 jobs and $1.2 billion in economic activity. Among those grants and contracts, Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards allow Colorado’s early-stage and startup companies to use federal research dollars to move ideas towards commercialization. In 2019 alone, Colorado companies and organizations received 258 SBIR and STTR awards totaling over $82 million dollars. As the cost of medical product development continues to increase, CBSA advocates for increased federal funding to ensure efficient transfer from research development to product development.
CBSA also advocates for increased funding for critical biodefense and pandemic research, development, manufacturing, and procurement. The COVID-19 pandemic has emphasized the need to improve U.S. preparedness for emerging infectious diseases, including strong public-private partnerships and increased funding and support for the research and development of medical countermeasures that can detect, prevent, or treat infectious diseases. CBSA advocates to bolster funding for pandemic research and preparedness, including funding for the Biomedical Advanced Research and Development Authority (BARDA), the Strategic National Stockpile (SNS), and the BioShield Special Reserve Fund (SRF).
Improve the Regulatory Process
CBSA works to improve the drug, device and diagnostic review and approval process. The association supports policies that lead to greater consistency, predictability, and transparency in the FDA’s review programs and help to bring safe and effective innovative therapies and technologies to patients. The association is also committed to working with Congress, federal agencies, and stakeholders to develop a workable framework for the regulation of diagnostic tests that does not impede patient access to precision diagnostics or restrain innovation.
Strengthen Incentives for Innovation
CBSA advocates for proposals that strengthen the incentives necessary to sustain innovation in the life sciences and create high-wage, high-value jobs.
Reflecting U.S. standards and laws in any new trade agreement for intellectual property rights and science-based regulation is incredibly important for Colorado companies. As the life sciences industry becomes increasingly global, it’s critical that we work to raise standards that will protect and foster innovation in foreign markets. CBSA supports efforts to secure trade agreements that commit our trading partners to 12 years of data exclusivity for biologics in line with U.S. law; enable harmonization in the regulation of biopharmaceuticals, devices, and diagnostics; and facilitate trade for innovative agricultural products.
Strong intellectual property protections are the foundation of the life sciences industry. IP is critical to ensuring a steady stream of capital for Colorado companies developing innovative medicines and technologies and is essential to the technology transfer process that leads from lab invention to commercial product. CBSA supports proposals to curb abusive patent practices, while strengthening the ability of patent owners to defend their inventions and businesses against infringement.
Promote the Development of Agricultural Biotechnology Products
CBSA advocates for policies that promote the development and commercialization of agricultural biotechnology products and communicate scientifically significant information to consumers about health, safety, and nutrition.
Advance the Role of Digital Health Technologies in Improving Care
CBSA advocates for policies that advance the role of data and digital health technologies in improving patient care. The association supports regulatory and reimbursement policies that foster innovation and increase access to innovative digital health technologies, including clarity and transparency from the FDA and appropriate and inclusive coverage, coding, and reimbursement.
Our digital health technology companies leverage health care data and technology innovation to draw new insights, improve patient experiences and outcomes, and increase the quality and efficiency of health care delivery. CBSA will continue working to create an environment that will advance their transformative technologies.