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New device tax repeal bills; 2012 VC funding data; more news.

Industry trade groups last week trumpeted the reintroduction of bills in Congress to repeal the device excise tax. In the House, the “Protect Medical Innovation Act,” was introduced Feb. 6 by Reps. Erik Paulsen, R-Minn. and Ron Kind, D-Wis., with more than 175 cosponsors, including 20 Democrats. In the Senate, on Feb. 7, Sens. Orrin Hatch, R-Utah, and Amy Klobuchar, D-Minn., introduced the “Medical Device Access and Innovation Protection Act,” with seven bipartisan cosponsors.

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