CDC HIV/AIDS/Viral Hepatitis/STD/TB Prevention News Update Pelosi Seeks Subsidies for AIDS Vaccine Effort
July 7, 1999
San Francisco Examiner Online (07/06/99)
In an effort to encourage biotechnology and pharmaceutical
firms to develop vaccines against three deadly diseases, Rep.
Nancy Pelosi (D-Calif.) and Rep. Charles Rangel (D-N.Y.) have
introduced legislation that would provide a tax credit equal
to 30 percent of the money invested in creating vaccines for
AIDS, malaria, and tuberculosis. Sen. John Kerry (D-Mass.) is
authoring similar legislation for the Senate. Pharmaceutical
or biotechnology companies accepting the credit would need to
work with public health groups and governments to find ways to
make the vaccines available around the world.