Biden Infrastructure Plan Offers Biopharma R&D Carrot, Tax Stick

Inversions Have Come Under Attack In Recent Years

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.

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The Biden administration's $2tn infrastructure plan includes massive investments in R&D and pandemic preparedness, and crackdowns on inversions and offshoring. • Source: Shutterstock

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