President Joe Biden has signed an executive order meant to boost biotech production and research in the United States, with a senior administration official saying that the presidential action was prompted in part by aggressive investment in the sector by China, posing a risk to U.S. competitiveness.
The White House announced on Sept. 12 that Biden signed the order that will launch the National Biotechnology and Biomanufacturing Initiative (NBBI) and that the measure seeks to “ensure we can make in the United States all that we invent in the United States.”
The initiative intends to encourage biomanufacturing in pharmaceuticals as well as in other industries, such as agriculture, plastics, and energy, the White House said.
It comes as other countries, including China, are investing heavily in biotech as they vie for dominance and try to become the world’s resource for biotechnology products and solutions.
‘We Risk Falling Behind’
“The United States has relied too heavily on foreign materials and bioproduction, and our past off-shoring of critical industries, including biotechnology, threatens our ability to access materials like important chemicals and active pharmaceutical ingredients,” the White House said.
The White House, citing industry analyses, estimated that bioengineering could account for more than a third of global output of manufacturing industries by the end of the decade. This represents nearly $30 trillion in terms of value.
“The initiative will drive advances in biomanufacturing that substitute fragile supply chains from abroad with strong chains at home, anchored by well-paying jobs in communities all across America,” the White House said.
The measure will seek to grow domestic biomanufacturing capacity, expand market opportunities for bio-based products, enhance research and development, and streamline regulations for biotech products.
A senior Biden administration official told reporters on a briefing call on Sunday that while the United States leads the world in biotech innovation, the country risks being displaced by foreign competitors.
“We risk falling behind, as we did in the semiconductor sector and then the advanced telecommunications sector, unless we translate biotechnology innovation into economic and societal benefits for all Americans,” the official said.
“Other countries, including and especially China, are aggressively investing in this sector, which poses risk to U.S. leadership and competitiveness unless we take the kinds of actions that we are with this executive order,” the official added.
China dominates global production of active pharmaceutical ingredients for generic drugs, a state of affairs that U.S. lawmakers have flagged as a national security risk.
The senior official wouldn’t say how much funding will be earmarked for the initiative, with Biden to provide more details at a Summit on the National Biotechnology and Biomanufacturing Initiative on Sept. 14. During the summit, cabinet agencies will announce a broad range of new biotech and biomanufacturing investments and resources, the White House said.
“By responsibly harnessing the full potential of biotechnology and biomanufacturing, we will be able to realize the potential of biology that can make almost anything that we use in our day-to-day lives, from medicines to fuels to plastics, and continue to drive U.S. innovation into economic and societal success,” the White House said.
The White House said that biomanufacturing processes can program microbes to make specialty chemicals and compound and that biomanufacturing can be used to make alternatives to oil-based chemicals, plastics, and textiles.
From The Epoch Times
