Category Archives: Business and Investments

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IPO Update – Jan 2012

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2011 ended quietly for the US biotech IPO market. It has now been almost two months without a biotech IPO. The last few IPOs back in November continued the theme that was in place at the beginning of the year – you can get out, but with a -30% haircut. In fact, only two of the 12 IPOs in 2011 raised more than they filed for. This is shown in chart 1 below. The two Read More >

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Illinois Sees Biotech as Key to Job Growth

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For every job created in the biotech industry, up to five additional jobs are created to build research facilities; maintain laboratory and computer equipment; supply laboratory and office equipment, and provide basic services to even the most modest biotechnology facilities. David Miller of the Illinois Biotechnology Industry Organization is well aware of the above statistic. He shared his views on the challenges and payoffs tied to establishing Chicago as a high-tech employment hub earlier this Read More >

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Maryland Awards $1 Million to Five Biotech Small Businesses

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In effort to spur commercialization and advance treatments for cancer and other diseases, the Maryland Biotechnology Center (MBC) announced earlier this month that it awarded a total of $1 million to five promising life sciences companies through its Biotechnology Commercialization Awards and Translational Research awards. The companies, which received up to $200,000 each, will use the funding to advance cancer therapies, ensure food safety, more quickly detect infectious disease and develop more efficient cardiac repair. Read More >

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Cornell to Build Applied Sciences Campus in NYC

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Earlier this week New York City Mayor Michael Bloomberg announced that the city will be providing land for the development of a multi-billion dollar high-tech science college. The science and research facility to be built on little-used property on Roosevelt Island is hoped to become a leading incubator for high-tech research and innovation. Plans are for classes to start in 2012, although the campus will take years to be completed. By 2018 it aims to Read More >

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AAAS Trains Student Scientists in the Art of Science Communication

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Rahman A. Culver, project director, American Association for the Advancement of Science From grant writing to interaction with their community, today’s young scientists must also be able science communicators. The American Association for the Advancement of Science (AAAS) Mass Media Science & Engineering Fellowship seeks to increase communication skills in student scientists. The lessons they learn through the fellowship experience will benefit their career path and help them increase public understanding of science and technology. Read More >

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