BD comes out against proposed Medical Device Tax

Please ask your senator and representative to remove the proposed medical device tax from their chamber’s respective health care reform bills.

We had taken a neutral view towards the proposed tax in order to allow the facts and details to come out.  Now that they have, in among other places MD+DI magazine, it clearly and unfairly affects medical device start ups. This is not in the best interests of anyone that could benefit from new medical device technology and furthermore would put US firms at a competitive disadvantage to competitors in Europe and Hong Kong.

(table from MD+DI January 2010, source JP Morgan)

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