At Greenphire, we believe in access.
For the past several years, Greenphire has been actively engaged with non-profit groups, sponsors, CROs and sites to inform and advocate for changing the tax code.
The Clinical Trial Modernization Act (H.R. 8412) has been introduced in the U.S. Congress. This bipartisan bill addresses numerous economic barriers to trial participation, including the exclusion of remuneration for participation in clinical trials from taxable income.
Greenphire data has been used to quantify the proportion of clinical trial patients impacted, as well as validate the difference in revenue collected by the government at various tax thresholds, thereby informing the threshold incorporated in the bill.
Watch this roundtable discussion which provides background on the legislation and suggested action steps you and your colleagues can take today!
