Same acronym… new innovative meaning. The Biotechnology Industry Organization… better known as BIO will soon become the Biotechnology Innovation Organization. This news release from BIO says the change is to highlight the scientific innovation the group brings.

“I’m pleased to announce that the BIO Board has approved a change to BIO’s name… from the Biotechnology Industry Organization to the Biotechnology Innovation Organization,” said BIO’s new Board Chair, Ron Cohen, CEO of Acorda Therapeutics. “Still BIO, but now with a name that better expresses the essence of what our member companies represent.”

BIO’s President and CEO, Jim Greenwood added, “This is a great move that will help clarify for policymakers and the public the heart of our industry – scientific innovation that will help to heal, feed and fuel the world. Each day, our members use cutting edge science and technology to deliver game-changing products, therapies and cures to improve the human condition.”

The new name will be launched in early 2016.