Biotechnology Industry Organization

Executive Summary

Charles Ludlam to VP-government affairs succeeding Lisa Raines, who left the association to join Genzyme as a VP. Ludlam was previously the Senate Small Business Committee's chief tax counsel and a long- time aide to committee Chairman Bumpers (D-Ark.). Bumpers is a sponsor of legislation that would reduce capital gains taxes on start-up companies, a bill endorsed by the biotechnology industry. The merger of the Industrial Biotechnology Association and Association of Biotechnology Companies to form BIO becomes official July 1.