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The Inflation Reduction Act ( IRA ), passed by the US Congress in August 2022 , grants Medicare the authority to lower prescription drug prices and to limit prices above inflation . Under the IRA , biologics are granted a 13-year protection period before price controls come into effect , while small molecules undergo price negotiations after only nine years of approval
Merck to recognize young scientists in India with 2023 Merck Young Scientist Award
Merck , a leading science and technology company , has announced its third edition of the Merck Young Scientist Award 2023 to recognise young scientists in India . The application process that began on June 26 , 2023 , continues up to August 16 , 2023 . This year the initiative will honour 10 curious minds for their scientific contribution towards human progress . To be eligible for the 2023 Merck Young Scientist Award , researchers must be associated with a research institute with less than 10 years of post-Ph . D . research experience and reside in India . The winners will be announced at the awards ceremony on November 24 , 2023 . A total of 10 scientists will be awarded ; 2 winners each in the fields of biological and chemical sciences and 1 winner in sustainability research . Additionally , there will be 5 runner-up recipients . The winners will receive a prize of INR 350,000 and the runners-up will be awarded INR 100,000 .
Avantor inaugurates expanded Singapore Hub
Avantor , a leading global provider of mission ¬ critical products and services to customers in the life sciences , has inaugurated its expanded Singapore Hub which includes newly added cGMP manufacturing and a world class quality control laboratory . The hub is a one-stop facility serving the needs of customers across Asia , Middle East , and Africa ( AMEA }, strengthening the region ’ s innovation and biopharma ecosystems . Strategically located in Singapore , the
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BioVoiceNews | August 2023