Sen. Robert Menendez honored for biotech work

Senator Robert Menendez, D-NJ, has been named by the Biotechnology Industry Organization as a Legislator of the Year for 2009-2010.

"During Senator Menendez's influential service on the Finance Committee, he has been a thoughtful and responsive champion of issues critical to the biotechnology community such as the Therapeutic Discovery Project Tax Credit," BIO President and CEO Jim Greenwood said according to Business Wire. "His leadership will help countless patients access advanced medical treatments, reduce long-term health costs in the United States, and help advance the goal of curing cancer."

Sen. Mendendez received the award as part of the BIO Legislative Day Fly-In, which saw over 200 biotechnology industry representatives from 32 states participate in hundreds of meetings with members of the House and Senate.

"Through his many years of service at the local, state and federal levels, Senator Menendez has understood the issues facing New Jersey and the nation," Debbie Hart, president of BioNJ, told Business Wire. "The great majority of the more than 250 biotech companies operating in New Jersey will be eligible to apply for the research credit, which in effect supports $1 billion in research directed at some of the nation's most pressing medical issues. Long term, it will benefit patients and their families and ensure the continuance of many of our small companies in New Jersey and beyond."