Puerto Rico tax credit phase-out passes House in 414-10 vote.
This article was originally published in The Gray Sheet
SEC. 936 TAX CREDIT PHASE-OUT PASSED BY HOUSE MAY 22 by an overwhelming margin of 414-10. The legislation (HR 3448) calls for a 10-year phase-out of the Sec. 936 Puerto Rico and possessions tax credit as a means of partially offsetting the revenue lost from a package of small business tax cuts included in the measure.
You may also be interested in...
Public Company Edition: Lixte’s small uplisting was the only biopharma initial public offering in the US during Thanksgiving week, but IPOs are ramping up again. Also, LifeSci launched its second SPAC and in follow-on offerings Reata brought in $281m and Intellia grossed $175m.
Orladeyo is the first oral prophylactic approved in the US for hereditary angioedema, with Japan and EU approvals expected to follow. Pricing of $485,000 a year undercuts segment leader.
Results of Study to Assess Statin Residual Risk with Epanova in High Cardiovascular Risk Patients with Hypertriglyceridemia “should prompt reconsideration of [OTC] mixed omega-3 fatty acid products for [atherosclerotic cardiovascular disease] prevention,” say cardiologists in an editorial published with JAMA study.