Biden Signs Order to Boost Biomanufacturing, Compete with China

President Joe Biden signed an executive order laying out a strategy to bolster domestic biomanufacturing and reduce reliance on China for new medicines, chemicals and other products.

The National Biotechnology and Biomanufacturing Initiative will aim to create new jobs, strengthen the supply chain and lower prices, according to the White House statement. Looking beyond health care, the US will aim to advance biomanufacturing in agriculture, energy and other industries.