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Thursday, February 11, 2010
The last year obviously took a great financial toll on all industry sectors, and the biosciences were certainly no exception.
However, with the continued volatility in the broader markets, investors generally remain bullish about biotechnology. They point to the fact that 70 percent of biotech stocks were up in 2009, there was less cash burn, greater survival of companies, and additional new capital in the sector with higher market valuations. Many expect biotech to outperform health care in 2010 and, moreover, expect the sector to again outperform the rest of the market.Read Full Article
Sunday, February 07, 2010
A summer institute on environmental health issues for Detroit Public Schools science teachers is receiving support through a $1 million federal stimulus grant to Wayne State University.
The National Institutes of Health grant also funds curriculum supplements for Wayne State education students.
The university said Wednesday the program will supply material on “historical, contemporary and emerging issues in environmental health.” That includes the genetic code, genetic engineering, mutations and trends in biotechnology.Read Full Article
Sunday, November 22, 2009
Metro Detroit and Michigan are hitting the high end of the rankings when it comes to investment in biotech, according to the latest BioEnterprise Midwest Health Care Venture Investment Report.
The Detroit-Ann Arbor region ranked second in Midwestern metro areas for biotech investment, with $70.8 million in investment from eight deals. That ranking is up from fifth in 2008 and sixth in 2007. The total investment has remained consistently between $64.9 million and 74 million while the number of annual deals also remained steady between five and eight.
Michigan ranked third in the Midwestern states region with $88.7 million over 11 deals. Minnesota and Ohio took the top two spots with more than $130 million each. The Great Lakes State ranked fourth last year and seventh in 2007 and 2006. Michigan’s annual amount invested climbed from $38.9 million in 2006 to a high of $90 million last year.Read Full Article
Monday, October 19, 2009
History has blessed Michigan with numerous assets that give Michigan a proverbial leg up in the life
sciences and biotech industry. From the time of Dr. William Upjohn starting Upjohn Pharmaceutical in the
1880s until today, Michigan has been active in the pharmaceutical industry. With this history and Michigan’s
great research universities, Michigan is perfectly poised to become a national and international leader in the
life sciences and biotechnology sectors – if supported by consistent leadership.Read Full Article
Monday, October 12, 2009
The Michigan Economic Development Corp. (MEDC), Ann Arbor SPARK, Greater Wayne Economic Development Corporation and a private foundation have collaborated to create the Michigan Life Science and Innovation Center (MLSIC). MLSIC will connect well-funded, experienced entrepreneurs with business accelerator organizations and start-up life science companies.
“By offering state-of-the-art labs and start-up support in one location, MLSIC will be a catalyst for the growth of biotech and life sciences companies in southeast Michigan,” said Michael A. Finney, president of Ann Arbor SPARK. “Access to wet lab space will help emerging life sciences companies conduct critical research, and access established biotech entrepreneurs - MLSIC’s anchor tenants - is a resource that can help growing companies overcome obstacles, get good business advice and further propel their growth.“Read Full Article
Friday, September 18, 2009
MichBio, the association for Michigan’s bioscience industry, has opened registration for its annual Expo & Conference, to be held Nov. 3-4 at the Radisson Plaza Hotel & Suites in downtown Kalamazoo.
The event is seeking presenters for the Emerging Biosciences Showcase on the first day of the conference and for the Emerging Technologies Poster Session on the second day.
``This is the third year for the Emerging Biosciences Showcase, and we expect it to continue growing,’’ MichBio President and Chief Executive Officer Stephen Rapundalo said in a press release. ``Its purpose is to introduce new bioscience technologies and companies emerging in the state of Michigan and surrounding areas to the venture capital and angel investor community. Most of the companies presenting have not yet received any venture funding.’’Read Full Article
Thursday, September 17, 2009
Who could have conceived of harnessing power that’s available right in a human body?
Bio-Nano Power, at tenant at Central Michigan University Research Corp.’s business accelerator, did just that.
The potential to efficiently capture and use the “bio-fuel” inside each of us has taken a huge step forward, thanks to the dreams, vision and commitment of Nathan Long and his team of researchers at Bio-Nano Power.
On Sept. 2, 2009, Long filed a comprehensive patent, “Bio-Nano Power Cells and Their Uses,” which ties together more than two years of intense biotechnology and nanotechnology research to develop power cells that generate efficient, high density power and emit lower CO2 pollutants.Read Full Article
Tuesday, August 18, 2009
Biotech scientists across Michigan are working on groundbreaking medical advances, extracting cells from patients’ bone marrow to regenerate damaged tissue and developing noninvasive prenatal tests.
An Ann Arbor company is working on a therapy to not only halt the bone loss of rheumatoid arthritis but to stimulate bone regeneration. A Detroit company working in Wayne State’s Tech Town, an incubator for startup biotech companies, is researching how to target and kill cancer cells without harming healthy ones.Read Full Article
Wednesday, August 05, 2009
Midwest health care startups reported $402 million in total investments across 81 companies in the first half of 2009, according to the BioEnterprise Midwest Health Care Venture Investment Report.
The numbers are down 9 percent compared to the levels of investment seen in the first half of 2008 and significantly lower than 2007’s record-setting pace.Read Full Article
Friday, July 10, 2009
The use of biotechnology varieties for corn increased in Michigan from last year, according to the USDA, NASS, Michigan Field Office. Biotechnology varieties accounted for 75% of the corn acres planted in Michigan, up from 72% last year. Soybean plantings included 83% biotechnology varieties, down 1% from last year.Read Full Article
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