Category Archives: Business of Biotech

Small Biotechs in California Save Big on Health Insurance Rates

San Francisco skyline

There are many reasons companies decide to join trade associations. Whether it’s a long-term legislative advocacy priority, increased access to networking events or group-savings programs, the decision ultimately comes down to a company’s financial bottom line. BayBio and BIOCOM, two California-based biotech trade groups, both of whom are affiliated with BIO, came together during the low point of the most recent recession, to establish a fund that created a healthcare insurance pool accessible by the Read More >

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Scientific American Worldview Scorecard Correlates with International Investment

MikeMay

Biotechnology innovation requires investment, and the Scientific American Worldview Scorecard can predict where investment goes. A recent analysis indicates that the ranking of countries in this Scorecard correlates with global investment. As a result, the Worldview Scorecard provides a valuable tool for any country interested in increasing its appeal to biotechnology investors. In short, the Worldview Scorecard uses a wide collection of data – compiled and analyzed by Yali Friedman – that generates a metric Read More >

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SBIR Reauthorization Moves Forward

SBIR Reauthorization Moves Forward

NIH has reissued its Small Business Innovation Research (SBIR) Omnibus Grant Solicitation announcement, which states that small businesses that are majority-owned by multiple venture capital operating companies are eligible to apply for (1) these SBIR grants and (2) any other NIH SBIR funding opportunities announced after January 28, 2013.  The NIH grant solicitation announcement can be found here. With this re-issuance, small businesses that are majority-owned by multiple venture capital operating companies (VCOCs), hedge funds Read More >

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Announcing the Business Solutions Raffle at the BIO International Convention

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BIO Partner Pavilion Raffle Did you know that BIO offers a variety of preferred suppliers with discounted products and services to its members and 43 state and regional biotech associations through its Business Solutions cost-savings program? With nearly 3,000 participating companies nationwide, BIO is considered a one stop shop for advocacy, business development and cost-savings. Want to learn how to get more bang for your buck while betting against your odds in a raffle drawing? Read More >

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How to Survive the Patent Cliff: Eli Lilly’s CEO at the BIO CEO & Investor Conference

Fireside Chat

Like a number of companies, Eli Lilly is confronting a wave of patent expirations called the patent cliff. The company lost U.S. patent protection on the anti-psychotic Zyprexa in the fall of 2011 and they’re facing the losses of the antidepressant Cymbalta in December of 2013 and the osteoporosis drug Evista in 2014. The loss of protection endangers the company’s ability to profit from the drugs and they could face a $25 billion loss in Read More >

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