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Congress Passes Historic National Plan to End Parkinson’s Act

Key Takeaway: On May 23, 2024, Congress passed the National Plan to End Parkinson’s Act, a significant step towards addressing Parkinson's disease. The act, which received bipartisan support, mandates the creation of an advisory council to coordinate federal efforts in research, treatment, and prevention of the disease. This historic legislation aims to alleviate the financial burden of Parkinson's on patients and the healthcare system.
Price reaction · baseline $1.55 (2024-09-23 close) · hit pre-market · 11 other GANX headline(s) in the window, move may be shared
day 0 close · peak
+4.5%

Market Sentiment Analysis

POSITIVE FACTORS

  • Bipartisan support indicates strong political commitment.
  • Establishment of an advisory council to coordinate efforts.
  • Potential for significant advancements in Parkinson's research.
  • Historic legislation marks a unified approach to tackling Parkinson's.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+62%
120-day peak, hindsight
Typical move
7.1%
average across 11 past catalysts
Cash runway
~8 mo
High dilution risk
Lead asset
Low Dose GT-02287
Phase 2 · Parkinson Disease

Full Press Release Details

What this means for the future of Parkinson’s disease

On May 23, 2024, Congress officially passed the National Plan to End Parkinson’s Act (H.R.2365/S.1064). The passing of this act marks a historic step in the right direction towards finding a cure for Parkinson’s disease.
The bill received an outstanding amount of bipartisan support in the U.S. House of Representatives when it was initially presented in December of 2023. On May 23, The U.S. Senate officially passed the bill, which sent it to President Biden to be signed into law.

What is the National Plan to End Parkinson’s Act?

H.R.2365– 118th Congress, also known as the Dr. Emmanuel Biliarkis and Honorable Jennifer Wexton National Plan to End Parkinson’s Act, was initially introduced by U.S. Senators Chris Murphy (D-Conn.) and Shelley Moore Capito (R-W.Va.) and U.S. Representatives Gus Bilirakis (R-Fla.) and Paul Tonko (D-N.Y.) on behalf of the House – Energy and Commerce and Senate – Health, Education, Labor, and Pensions Committees on March 29, 2023. The bill passed the House on December 14, 2023. This bill requires the Department of Health and Human Services (HHS) to address Parkinson’s disease and related conditions through the creation of an advisory council of federal agencies.

The advisory council will support the research, care, and services for Parkinson’s in the following ways:

Facilitate coordination among federal parties with the mission of managing, treating, and curing Parkinson’s disease Assess all existing Parkinson’s disease federal programs Create a national plan for the prevention and cure of Parkinson’s Devise strategies to reduce the financial burden of Parkinson’s on patients, caregivers, and the federal government Report back to Congress on the progress of the plan
The Significance of the Act
The National Plan to End Parkinson’s Act honors Representative Gus Biliarakis’ (R-Fla.)’s brother, Dr. Emmanuel Biliarakis, who died of Parkinson’s in May 2023 and Congressional member Representative Jennifer Wexton, who is currently battling Progressive Supranuclear Palsy (PSP), a rare neurodegenerative disease.
With 90,000 new diagnoses each year, Parkinson’s is currently the fastest growing and second most common neurological disease. Over 1 million people in the U.S. live with Parkinson’s disease. On average, Parkinson’s costs the U.S. over $52 billion each year. The recent discovery of a Parkinson’s biomarker offers promise that a lasting cure is on the way.
The National Plan to End Parkinson’s Act is a no-cost form of legislation that will create a council to promote “efficient and effective coordination of federal entities with responsibility for diagnosing, treating, preventing, and curing Parkinson’s disease.” This marks the first time the federal government will unite around this cause, making it not only significant but historic.
Gain Therapeutics is incredibly excited to share this news in conjunction with our ongoing partnership with the Michael J. Fox Foundation, of which the Public Policy team sent over 850 advocates to congressional meetings to help the passing of this bill.

Frequently Asked Questions

What is the National Plan to End Parkinson's Act?

The act mandates the creation of an advisory council to coordinate federal efforts in managing and curing Parkinson's disease.

When was the National Plan to End Parkinson's Act passed?

The act was passed by Congress on May 23, 2024.

Who introduced the National Plan to End Parkinson's Act?

The act was introduced by Senators Chris Murphy and Shelley Moore Capito, along with Representatives Gus Bilirakis and Paul Tonko.

What are the goals of the advisory council?

The council aims to coordinate federal efforts, assess existing programs, and create a national plan for prevention and cure.

Last updated: Sep 24, 2024