Latest From Biotech Now

Kick-Off Planning for San Diego Convention

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The BIO 2014 International Convention in San Diego is just around the corner. With that in mind, we kicked planning efforts into high gear the week before Thanksgiving. The week started with a press conference featuring Interim Mayor Todd Gloria, BIO International Convention President Scott Whitaker, Convention Center President Carol Wallace, and Biocom President and CEO Joe Panetta. After that, productive meetings were held with the convention Steering, Program and Host Committees, as well as Read More >

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Biotech Stocks Hit Record Highs…Again

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Biotech stocks hit an all-time high this week, driven by strong performance among large cap sector leaders with strong product portfolios. A common benchmark for the sector, the NASDAQ Biotechnology Index (NBI) has outperformed the S&P 500 by a factor of over 2X. The NBI is up 61% year to date, compared with 26% for the S&P 500. We’ll be discussing this strong performance in New York this February at the BIO CEO & Investor Read More >

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NYC Launches $100M Life Science Fund

On Tuesday, Deputy Mayor Robert Steel announced that the city is launching the New York City Emerging Life Science Technology Investment Fund, a $100 million venture fund for life sciences research. New York City will invest $10 million along with $40 million from Eli Lilly, Celgene and GE Ventures, with the remaining $50 million matched by venture capital partnerships. The fund will be used to invest in 15-20 early-stage research and development companies by 2020. Read More >

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Canada Surpasses the US in the Approval of AquaBounty GM Salmon Eggs

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In its recent article titled, AquaBounty GM Salmon Eggs Cleared for Production in Canada, The Fish Site, highlights a much needed success story in the field of animal biotechnology, “Environment Canada, the agency of the Government of Canada with responsibility for regulating environmental policies and issues, has decided that Genetically Modified (GM) AquAdvantage® Salmon from AquaBounty Technologies is not harmful to the environment or human health when produced in contained facilities. “AquaBounty will therefore now Read More >

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Emerging Company Policy Deconstructed: Small Cap Liquidity Reform Act (H.R. 3448)

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In a nutshell: This bill, sponsored by Reps. Sean Duffy (R-WI) and John Carney (D-DE), will spur capital formation by increasing liquidity for emerging growth companies, including biotech innovators, that trade on the public market. Why you should care: Under current U.S. Securities and Exchange Commission (SEC) rules, all securities on the public market are priced in $0.01 increments. This minimum trading increment is known as the “tick size.” The switch to the standard tick Read More >

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