In Brief: Orphan drug tax credit

Orphan drug tax credit: House legislation making orphan drug tax credit permanent and permitting a carry over of unused credits is expected to be considered as part of the Ways & Means Committee's budget reconciliation package. The committee is expected to begin work before House recess starts Aug. 4. An orphan drug tax measure, HR 1566, was introduced May 3 by Ways & Means Oversight Chairman Johnson (R-Conn.) and co-sponsored by Rep. Matsui (D-Calif.). Companion legislation, S 1052, was introduced by Sen. Hatch (R-Utah) and co-sponsored by Sen. Baucus (D-Mon.) July 20...