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BayBio
BayBio Commends Inclusion of Net Operating Losses Extension in Budget
October 11th, 2008
BayBio commends the California State Legislature and Governor Arnold Schwarzenegger for taking decisive action in the state budget to promote innovation in the life sciences industry by extending Net Operating Loss carry forward from 10 years to 20 years, allowing small, innovative companies to further invest in new treatments and cures. "California's legislators made a conscious effort to support an innovative industry that in the Golden State is responsible for more than 1,000 treatments used in the fight against cancer, diabetes and other conditions that afflict people worldwide," said BayBio President & CEO Matthew M. Gardner. "This sends a strong and positive...
Source: Law & Health Weekly (2008-10-11)
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