Harry Reid announces $3.1 million in tax credits for Nevada therapeutic discovery products

SUBMITTED NEWS RELEASE

Sen. Harry Reid announced today that 17 Nevada therapeutic discovery projects will be awarded more than $3.1 million in tax credits through the Affordable Care Act to conduct research that will lead to breakthroughs in detection, prevention and treatment of serious and chronic disease.

A full list of grantees is available here.

“I thank the Treasury and the Department of Health and Human Services for seeing the incredible potential of Nevada’s innovative biotechnology sector,” Reid said. “These companies are leading the way in discovering new therapies and treatments that will help our families prevent, detect and cure serious medical conditions. This funding will also help these firms employ researchers, scientists and doctors creating new highly skilled jobs that also serve the greater good.”

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