Monday is D-Day for the return of in-person meetings for NMBio and our 90-plus member firms. Please consider joining us for this Lunch & Learn event that will take place at noon at the Lobo Rainforest Building in downtown Albuquerque.
We have two exceptional presenters for the event as well as a third surprise guest. Our program will focus on statewide economic development initiatives that can have a positive impact on our bioscience community. As you know, ED sits at the intersection of government, business, major academic and research institutions, and many of the state’s non-profit organizations that are focused on the revitalization and growth of their respective industries. It’s important for our association to reach out and find ways to collaborate with these organizations.
Melinda Allan, President, and CEO of the New Mexico Partnership will be our leadoff speaker. She joined the NM Partnership in 2017 and has 13 years of ED experience in NM. She works to increase the visibility of NM globally, generate viable prospect leads, and locate projects in the state. Batting second is Stephanie Tofighi, Executive Director of the New Mexico Bioscience Authority. She’ll update us on the authority’s initiatives to advance the growth of the biosciences and gain public support for our community. Our mystery guest will provide headline-breaking news on a significant bioscience project that will increase available wet lab and office space in downtown Albuquerque. We’ll also be electing a slate of board members for two-year terms.
After several months of preparation, I’m delighted to report that our life science community will have a strong presence at the must-attend BIO International Convention in San Diego, on June 13-16. BIO anticipates as many as 17,000 attendees from 75 countries. Participants in the NM Pavilion include several of our most innovative and promising firms, including BioFlyte, Pebble Labs, Nature’s Toolbox (NTx), Sandia Bio, Bright Path Labs as well as the NM Bioscience Authority, Quasr Diagnostics, AWS Biopharmaceuticals, Los Alamos National Labs, the Biomedical Research Institute of New Mexico, the Arrowhead Center at NMSU, and the Mesilla Valley Economic Development Alliance.
The goal of participating in the BIO international convention is to elevate the visibility of NM’s life science research, discovery, entrepreneurship, and innovation as well as showcase many of our promising startups by helping them gain access to potential investors or potential collaborations through networking opportunities and information sharing.
If you would like to attend and get a feel for the convention for a day or two, I have a dozen day passes available for $500 each. You’ll be able to tour the convention exhibit floor (this can easily consume a full day) as well as attend pitches by startups and social events (think drinks, food, networking, drinks). There are several daily flights available to San Diego from Albuquerque International Sunport.
Healthy regards,
Greg Byrnes
Executive Director
NMBio
610-731-3671 (M)
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AmerisourceBergen Launches $150M Venture Fund for Health Care Startups
AmerisourceBergen Corp.’s new venture fund will invest in, and partner with emerging companies working to transform health care for people and animals The fund, called AB Health Ventures, will initially target early- and mid-stage health-related companies around the world. It will prioritize investments in entrepreneurs who are pursuing “bold ideas” in areas such as the future of pharmacy and distribution, clinical development and commercialization of pharmaceuticals, practice solutions for health care providers, and animal health.
“Over the years, we have made thoughtful and strategic investments to advance the development and delivery of health care, enable access and create even stronger stability across the supply chain,” said Steve Collis chairman and CEO of the Pennsylvania-based wholesale pharmaceutical distribution and services company. “The creation of AB Health Ventures will build on our track record of success as we identify meaningful partnerships that will bring emerging health care solutions to market and create healthier futures for all.”
AB Health Ventures will operate as a wholly owned subsidiary of AmerisourceBergen (NYSE: ABC). The company will support startups by helping them rapidly develop and test prototypes and accelerate scale through commercialization. Touchdown Ventures, a firm specializing in corporate venture capital, will help manage the fund: https://www.touchdownvc.com |
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The pandemic turned out to be a proving ground for technology in health care, as medicine was forced to adapt quickly to a changing world. The past few years have brought advances in AI, virtual care, and diagnostics, and now it’s time to take stock of what’s coming next. At the Health Tech Summit, be part of rousing discussions examining these changes. Hear from top thinkers, representatives of tech giants, and startups just emerging from stealth, as they dive into how technology is changing the face of medicine.
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Connect with Scientists at PharmSci 360
There is still time to submit your proposal for a Rapid Fire presentation at this year’s PharmSci 360.
A Rapid Fire is a brief talk on a topic that interests YOU. The format is simple: 1 speaker; a few slides; 10 minutes to present; and 3 minutes for questions.
The content must relate to one of the 6 scientific tracks and their accompanying themes.
Have something new, exciting, or interesting to tell the pharmaceutical sciences community? This is your opportunity!
Rapid Fires have been one of the most popular programs at PharmSci 360 since they were introduced 4 years ago. They are also an excellent way to find collaborators, meet journal editors, generate leads, and attract employers.
The submission deadline is June 15 at 5 pm ET.
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Colorado BioScience Association is excited to welcome investors, strategic partners, and emerging life sciences companies from across the Rocky Mountain region to the highly anticipated return of the Rocky Mountain Life Sciences Investor and Partnering Conference in Vail.
Opening Reception: Tuesday, September 13,| 5:30 – 7:30 p.m.
Full Day Conference + Partnering: Wednesday, September 14, 9:00 a.m. – 4:30 p.m.
Followed by closing networking reception |
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Is Your Firm Eligible For An R&D Tax Credit
The R&D tax credit is a government incentive for companies that are innovating as they make or update products, business processes, technologies or formulas. There is a 4-part test for projects that a company may do to qualify said project for the R&D tax credit:
- Are you innovating as you make or update: new products, business process, technology formulas, etc.
- Is the work done rooted in a hard science (i.e., your work is rooted in computer or bioscience)
- Is there a process of experimentation occurring
- Is there an elimination of uncertain or undesirable results
Companies may claim a tax credit on expenses associated with qualifying activities that fit the IRS criteria for research and development. The credit can be applied in up to two methods. The standard research and experimentation tax credit can be used to offset income tax liabilities. An alternative tax credit for select qualifying businesses can be elected into and used to offset payroll tax liabilities.
You can qualify W2 Employees, 1099 contractors and raw materials/infrastructure spend. Questions: Contact Justin Maribito, Senior Business Development Executive for Boston-based Leyton USA. Book a meeting here Leyton is under consideration to become an NMBio Strategic Partner |
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BIO is partnered with Chubb as its endorsed insurer due to their total insurance solutions for risks specific to life science companies. For more than 25 years, Chubb has been providing cost-effective risk management and insurance protection tailored to the unique needs of biotechnology companies. Chubb’s products include property and casualty, product liability, clinical trial liability, errors and omissions liability, professional liability, and cyber liability insurance. Chubb personnel specialize in the biotech market; they understand the issues and develop tailored solutions. Learn more about BIO-Chubb benefits today.
Here’s a link to the other BIO Business Solution providers, including Avantor/VWR, Office Depot, Nikon, UPS, Clean Harbors, and Airgas healthcare: https://www.bio.org/save/new-mexico-biotechnology-biomedical-association-nmbio |
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