Given that biotechnology companies are all competing to treat the same conditions, biotech is one of the market's most competitive industries. Nevertheless, more and more biotech companies are now becoming open to increased collaboration with other companies. While collaboration is great for innovation, it does come with a certain degree of risk in an industry where competition is so fierce. The increased level of collaboration between biotech companies largely began as a response to the COVID-19 pandemic. Moving forward, though, it doesn't seem that collaboration between companies will be limited to combating COVID-19. In fact, the [...]
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In order to combat the economic fallout of the coronavirus pandemic, Congress recently passed the American Rescue Plan Act of 2021 (ARPA) - a $1.9 trillion stimulus package that includes a number of changes to the tax code. With the April 15 deadline to file taxes right around the corner, many organizations - including the IRS itself - are now scrambling to catch up to prepare for what many are predicting to be the most complex tax season in the country's history. The American Rescue Plan Act of 2021 includes several changes to the tax code, including [...]