Biden Infrastructure Plan Would Boost Pandemic Preparedness, Biotech R&D, US Manufacturing
Tax hike would fund $30bn for pandemic preparations and billions more for biotech R&D and rural manufacturing jobs that are part of comprehensive infrastructure renewal proposal.
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Tens of billions would go to fund R&D, including Phase I and Phase II development of vaccines. But the plan would also crack down on inversions and offshoring.
Agency requests proposals to boost surge capacity for single-use bags, tubing sets, vials, raw materials, vaccine plants.
$10bn here and $6bn there on top of what’s left from earlier CARES Act gives government more options on COVID-19 medical countermeasures.