Among the nearly 2,000 companies that exhibited at last week's Biotechnology Industry Organization (BIO) annual meeting in Boston, Mass., a small but focused contingent of clinical trial industry firms set up shop.
Australia Unveils Research Tax Incentive at BIO 2007
The Australian government has launched a new tax incentive to boost the level of outside research and development conducted by foreign sponsors. The announcement came during the BIO 2007 biotech convention last week in Boston, Mass. Regardless of where sponsors are based, companies will be eligible for a tax concession of 175%, essentially subsidizing all levels and areas of research, including clinical trials.
