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Lobby advocates for venture capitalists, startups

This article was originally published in The Tan Sheet

Executive Summary

Frustrated by the lack of attention innovators and startups received during the health care reform debate, the National Venture Capital Association forms a group to speak up for the groups in national affairs. NVCA announced Sept. 7 its Medical Innovation and Competitiveness will push for more recognition for startups developing devices and therapeutics and the investors that back them. Kelly Slone, director of the NVCA's medical industry group, said, "No one is paying attention to these little companies and they're the ones really driving innovation." The coalition will push for a presidentially appointed position to assess the impact of new federal policies on medical innovation. With medical and biopharma startups already squeezed in capital markets, new uncertainties emerge from health care reform and a lack of predictability in the regulatory and reimbursement realms

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