News ItemIn the Know: November 2018

November 21, 2018 – 

 


 
 

IN THE KNOW — NOVEMBER 


After two months of recruiting speakers, raising funds, organizing and hosting the second annual Knowledge Fair & Expo as well as the November 15 workshop – New Mexico’s Bioscience Industry; Accelerating Its Success  — and networking event, I’m delighted to have the opportunity to resume writing and distributing NMBio’s almost monthly newsletter.
 
First and foremost, I want to thank all of you that were able to attend either or both of these two successful events. Your continuing support and encouragement are greatly appreciated and bode well for the future of the state’s bioscience community.
 
I also wish to recognize the sponsors that enabled us to provide complimentary attendance to 75  guests at the workshop – the Biotechnology Innovation Organization (BIO), PhRMA, and Novo Nordisk. Sponsors of the Knowledge Fair and Expo included UPS, PhRMA, Central New Mexico Community College (CNM), VWR, CNM Ingenuity Center, STC-UNM, Aerotek, Peacock Law P.C., New Mexico Tech Works and BIO. Their sponsorships enabled us to greatly reduce our ticket prices from our 2017 inaugural event.
 
Save the Date: This year’s holiday gathering will be held at Season’s Rotisserie & Grill in Old Town, Albuquerque from 5:30 to 8 pm, Thursday, December 13. You’ll be able to register starting Tuesday, December 1.
 
Finally, I hope your Thanksgiving holiday is filled with a friendship, gratitude and love as well as turkey and pecan pie.
 
Best wishes — Greg Byrnes/Executive Director
 
Now, to the news . . .
 


New England Venture Summit: Where Innovation Meets Capital


Meet, interact and network with more than 800 VCs, Corporate VCs, angel investors, investment bankers and CEOs of venture backed, emerging and early stage companies at the prestigious New England Venture Summit that’s being held on December 12 at Lombardo’s Convention Center in suburban Boston.
 
Whether you’re a startup seeking capital and exposure, or an investor seeking new deals, the conference is dedicated to showcasing VCs, Corporate VCs and angel investors committed to funding early stage and emerging companies. This year’s event will feature a dedicated Lifesciences/Healthcare track, according to youngStartup Ventures, the organizer and host.
 
Seed Pitchfest: If you are a seed stage company seeking angel funding of less than $1M (and have raised less than $300,000) click here to apply for our Seed stage track.
 
REGISTER NOW and Save $$$:  Use Promotional code “NMBIOVIP” and receive an extra discount.
 


Science.com: Your Global Partner for Scientific Sourcing

 
Scientist.com, an online marketplace for outsourced scientific services and products, offers researchers access to a platform with thousands of pre-qualified suppliers providing custom research services. Immediate savings will be realized by sending requests to multiple suppliers in a single click.  Marketplace users are not assessed any subscription, implementation or transaction fees. Scientist.com charges their suppliers a minimal transaction fee, negotiated by BIO, for orders processed.  Signing up is simple, and Scientist.com’s Research Concierge™ – a team comprised of experts with decades of scientific experience – can assist with any order no matter how complex the project — https://www.scientist.com/ •  Savings realized by receiving competitive price quotes from multiple suppliers
•  Registering on the marketplace is free, and there are noset up, subscription, or user fees of any type.
•  Access to the world’s largest commercial CRO network – 2,600+ prequalified, registered suppliers
•  Vendor consolidation – all contracting and billing managed by Scientist.com
•  Choose from over 3,800 research areas, including:
       – Human Biological Samples
       – Next Generation Sequencing (NGS)
       – Custom Antibodies
       – Compound Synthesis
       – and thousands more
•  Quick turnaround times on all orders
•  No minimum order required
 


More Ways to Save


In the past four months, NMBio has recruited and will continue to recruit Strategic Partners, both local and national firms and consultants, that can help you with your research, funding and business needs. Here’s the link —  https://www.nmbio.org/strategic-partners/Strategic
Thanks to NMBio’s relationship with BIO, members save on a broad range of products and services ranging from laboratory and manufacturing needs to the basic business products and services that we all use, from UPS and Office Depot — https://bbs.bio.org/content/new-mexico-biotechnology-biomedical-association-nmbio
 


Member News:


SAVSU Technologies to Supply evo® Cold Chain Technologies to AveXis
 

SAVSU Technologies, a leading developer and supplier of precision cloud-connected thermal shipping containers and the most advanced cold chain visibility platform (“SAVSU”),  that it is supplying its evo Smart Shipper and evo.is to AveXis, a gene therapy company developing treatments for patients suffering from rare and life-threatening neurological genetic diseases.
 
Bruce McCormick, SAVSU President, commented, “We are very pleased to partner with AveXis to supply our best in class evo Smart Shipper and evo.iscloud app. We look forward to additional announcements related to adoption of our innovative cold chain technologies by cell and gene therapy companies.”
 
Privately held SAVSU Technologies is driving improved cold chain management of time and temperature cell and gene therapies through innovation and leveraged relationships with the leading specialty couriers serving the regenerative medicine market. BioLife Solutions (NASDAQ:BLFS), the leading supplier of biopreservation tools for regenerative medicine, holds a 44% equity ownership position in SAVSU.
 
Agilvax, Inc., a biotechnology company developing targeted antibody-based therapeutics for the treatment of various types of cancers announced today that Joseph Patti, Ph.D., will join its Board of Directors as Executive Chairman.

Dr. Patti has over two decades of drug development experience in the biopharmaceutical industry and has been a successful entrepreneur and scientific leader. Dr. Patti was co-founder and Chief Scientific Officer of Inhibitex, Inc., which was acquired by Bristol Myers Squibb in a deal worth $2.5 billion. The purchase price was a 163% premium over the last trading day’s price and at that time was the largest premium ever paid for a biotech company. Most recently, Dr. Patti served as President and Chief Executive Officer of Aviragen Therapeutics, Inc. and was responsible for successfully merging the organization with Vaxart Inc. in a transaction that valued the company at a premium to its market capitalization. During his tenure in the industry, he has been directly involved in raising over $300 million in private and public capital and has spearheaded strategic transactions with both pharmaceutical and biotechnology companies.

“The addition of Dr. Patti to Agilvax reinforces our commitment to building an industry leading team and prepares us for the transition into a clinical stage company,” said Federica Pericle, Ph.D., President and Chief Executive Officer of Agilvax. “Joe is a proven executive in life sciences and he brings a wealth of relevant business and scientific expertise that will help accelerate Agilvax’s evolution.”
 

 

 


Strategic Partner Econsult Solutions Launches the ESI ThoughtLab


ESI ThoughtLab is an innovative think tank that offers fresh ideas and evidence-based analysis to help business and government leaders understand and respond to economic, industry and technological shifts around the world. Its in-house team of over 40 economic, industry, and thought leadership specialists excel at creating valuable decision support that combines visionary thinking, analytical excellence, with engaging multi-format content.

It’s most recent report: Smarter Cities – 2025 (Building a Sustainable Business and Financing Plan). The path to a smart city future is often unclear to urban leaders; many are looking for help in developing a roadmap that will drive the best results. To provide this needed decision support, ESI ThoughtLab teamed up with a coalition of organizations with urban and technology expertise to conduct ground-breaking research into the impact of smart city solutions on urban performance
The convergence of digitization, globalization, and demographic shifts are redefining the urban landscape and how people shop, work, travel, and live. It is also is causing businesses to adopt new innovative strategies solutions to meet the new realities of urban life and digital commerce. To stay relevant, cities need a fresh way of thinking.

In today’s digital age, becoming a smart city is vital for attracting business, residents, tourists, and talent. By making their cities smarter—not just in using technology but in all that they do—government leaders hope to drive competitiveness and growth, while making massive social, business, and environmental improvements. Cities that undergo smart transformation unlock benefits that can be then reinvested into additional development, creating a virtuous cycle of economic growth. Click this link to read the firm’s executive summary and analysis:

https://econsultsolutions.com/wp-content/uploads/2018/11/ESI-ThoughtLab_Cities_2025_Executive-Summary.pdf

 


New Members


CNM Ingenuity, Inc. supports a new approach to education that provides accelerated educational and training opportunities in key workforce areas, wrap-around support for aspiring entrepreneurs, and cooperative ventures that foster economic development and job creation in the region. Since its inception, CNM Ingenuity has made tremendous progress on behalf of Central New Mexico Community College and the local economy. CNM Ingenuity’s mission is to promote the public welfare and prosperity of the people of New Mexico and foster economic development within both the private and public sectors of the New Mexico community. CNM Ingenuity Inc. accomplishes this purpose by forging links between New Mexico’s educational institutions, businesses, industries, and government. /https://cnmingenuity.org/about/

Popper and Co. Looking for a partner to accelerate your business? Popper is a strategy consulting and transaction advisory firm that leverages deep domain expertise and creative thinking to serve the needs of the medical technology and life sciences industries. It combines leading-edge insights with your organizational knowledge to determine where the best opportunities lie, helping you to outmaneuver competitors and accelerate your growth. 
 
Axcess Financial Group is committed to the belief that knowledge is the best insurance. By acting not only as your insurance broker but also as an educator and consultant, Axcess will help you master a more effective and efficient level of self-administration, so that you can focus on other important goals and objectives. Serving business of all sizes and industries across the US, Albuquerque-based Axcess Financial Group is the most comprehensive Employee Benefits Advisory Firm in this market. Its local, on-site presence allows it to fully integrate with its clients in an effort to build a relationship with the employee population and monitor their changing perceptions of the benefits package. http://axcessfinancialgroup.com
 
NMTechWorks was established by Community Learning Network to connect learning with real-life in support of New Mexico’s growing Media and Technology economy. New Mexico TechWorks is a non-profit initiative to expand tech access and education and increase tech enterprise and employment in our region. For more information about regional efforts including online resources, tech training opportunities, workshops and events, and more, visit www.nmtechworks.com


Happy Thanksgiving,


Greg Byrnes
Executive Director
NMBio
610-731-3671 (M)

 


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