BIO tells SEC: do away with quarterly reports for small biotechs

President Donald Trump last August asked the SEC to look into the feasibility of abolishing the quarterly reporting requirement in favor of a six-month system. The regulator recently posed this question to BIO — the largest trade organization representing biopharma — whether a less frequent reporting regime would work for its members, some of whom spend a fortune over a decade before their products hit the market… if they ever do.