SB1285

Establishing the Biobonds Innovation Fund, the Biobonds Innovation Fund Loan Program and the Biobonds Innovation Fund Loan Guarantee Program; and providing for duties of Department of Community and Economic Development.

Introduced·4/14/26
Introduced Text

Pennsylvania SB1285 establishes the Biobonds Innovation Fund, a fund to support clinical trials and research for drugs and medical devices.

Pennsylvania SB1285 establishes the Biobonds Innovation Fund, a fund within the Department of Community and Economic Development, to support clinical trials and research for drugs and medical devices. The fund will provide low-interest loans and loan guarantees to eligible applicants, including businesses, universities, and research institutions, to finance projects with significant public health impact.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Institutional Sustainability and Innovation Committee
Next
Committee decision

Sponsors

D
1
4
RRRR
Democratic CaucusRepublican Caucus

History

Apr 14

Senate

Referred to Institutional Sustainability & Innovation