WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after President Obama signed into law the 21st Century Cures Act.

“At long last this critical bill is cemented into law after passing both chambers of Congress and signed by the president.  Increasing funding for NIH, advancing precision medicine, and improving the environment for the development of life-saving drugs and treatments is critical to ensuring the U.S. remains the tip of the spear in developing breakthrough medical innovation,” said Bobby Franklin, President and CEO of NVCA.  “A bipartisan effort through and through, the 21st Century Cures Act serves as a great example of how much we can accomplish in Washington by reaching across the aisle to build consensus on important matters.  We congratulate Chairman Upton and Rep. DeGette for their leadership and dedication to pushing the ball across the goal line.”