CEO & President, MassBio | Chair, Bioversity | Board, The Boston Foundation | Vice Chair, American Cancer Society (ACS) Eastern New England | Board, MassBioEd Foundation
Thank you to Senator John Cronin for filing the amendment to restore the funding. Hoping the Senate adopts it and moves forward the reauthorization of the Life Sciences Initiative as filed by Governor Healey. https://lnkd.in/exTgVj-B
Senior Biotech Executive, Enterprise Leader and Mentor experienced in bioprocess instrumentation/bioreactor/sensor technology/CDMO/markets with extensive start-up experience in biopharma/and new life science technology.
To get to where we are today as a life science community, we never had the funding that we have now and could have in the future. Our lifescience superiority came from the hard work of many in the industry. Leaders like George Church and Henry Termeer that pioneered some of the very products on the market today.
We have exceptional colleges and universities that allow us an incredible talent pool.
We have great companies such as Pillar, Third Rock Ventures, MassVentures, Flagship,etc., that have pumped hundreds of millions of dollars into great startups and great talent here over the past 30 years.
We have the six-pack of biotechs with at least one location here in Massachusetts...Novartis, BMS, GSK, Sanofi, Merck, Pfizer as well as a huge host of others that trust in the economy in Massachusetts.
We are home to the founding chapter of Nucleate. This is the finest university organization run by students, that works tirelessly to add to the bio/medtech startup world here.
The point is, we didn't get here over the past thirty years because of government initiatives. We built the bio/pharma world here on knowledge, talent and hard work and we will continue to do so.
Passionate about developing and cultivating talent. Speaker, Connector, Recruiter, Coach, Board Member, Podcast Co-Host - Propelling Careers on Spotify and Apple Podcasts.
Important work here by the MassBio team led by Kendalle Burlin O'Connell, Esq. on behalf of all MA based life science focused companies
The stats support continued investment at the scale proposed…
We now have 2x the number of life science employees in the state since the first MA life science investment initiative was authorized in 2008
Which meant $22Bn in wages in 2023 (great for MA revenues)
And this base of talent is helping to attract major investment into new promising technologies that will shape the future of medicine and the health of the nation…that’s 30%+ of all biotech VC dollars the last few years (>$7 Bn per year since 2020…and $13.66 Bn in 2021)
#biotech#research#medicine#healthcareNicholas Collins
CEO & President, MassBio | Chair, Bioversity | Board, The Boston Foundation | Vice Chair, American Cancer Society (ACS) Eastern New England | Board, MassBioEd Foundation
Thank you to Senator John Cronin for filing the amendment to restore the funding. Hoping the Senate adopts it and moves forward the reauthorization of the Life Sciences Initiative as filed by Governor Healey. https://lnkd.in/exTgVj-B
People don't know how bad the current situation is and that it is likely to get worse-especially for small founder driven biotechs. (previously the Paw Sox but now the Woo Sox of biotech--very appropriately collocated).
You can look at recent Carta statistics for how small startups are faring... In biotech, founders might be diluted out 50 percent or more even at the smallest seed or series A stage. They are doing it because of a dream, but you can help them get there. And maybe one of them will have the next Alzheimer's or Als or Parkinson's drug. They individually will probably get nothing financially, but maybe they will get to try again and do more next time. And if it succeeds it's a wonderful thing for humanity.
We are entering one of the most exciting times in biotech... the truth is that most biotech founders will get diluted out unless they stay in the c suite until the end--this is a very expensive industry--but if the drug succeeds it is a win for humanity..
People see the biotech and pharma as very profit driven--but what is the profit margin on you phone? These therapeutics are so essential that to be denied them makes the companies involved the bad guys...
If we look at Biocytogen for instance--a Worcester success story--we can ask would that happen today now that various foreign investment sources are cut off? In a way that is what CFIUS does -- which is fine -- but what does it provide in return... Some companies would not survive or even start without foreign investment.... (and this might include companies with American founders that might look a little bit less typical). Who do Arpa-H grants go to? Often they go to those with an established track record not the explorers searching for the most optimal business opportunity. Afeyan calls these the intellectual immigrants but they might be hard for grants committees to assess. Possibly investors are more sophisticated at it (and this also includes international investors) -- which the US seems to want to send to Europe(?)
Great science is being done here. You can help provide the small startups a foothold, or you can focus on other things... but biology is the most promising technology of our time--that is why you see the capital inflows to the larger players.
Sometimes science surprises--just today there was a fantastic breakthrough from San Antonio in immune system models. Is it a surprise that it is happening in Texas which is supporting startups? Some of these small ones might succeed if you help provide fertile ground for it. If so, humanity will be the primary beneficiary. And scientists and founders get a start in a great community where there are both the professional and non-professional biotech leagues.... It's all part if the game. Paw Sox and Red Sox but both can have great players. And if science advances enough, maybe both can win. For now you get to decide what to do with the Paw Sox. Should they stay here or go to Texas and California?
CEO & President, MassBio | Chair, Bioversity | Board, The Boston Foundation | Vice Chair, American Cancer Society (ACS) Eastern New England | Board, MassBioEd Foundation
Thank you to Senator John Cronin for filing the amendment to restore the funding. Hoping the Senate adopts it and moves forward the reauthorization of the Life Sciences Initiative as filed by Governor Healey. https://lnkd.in/exTgVj-B
"Last week the Labour Party launched its Life Sciences Plan which has been warmly welcomed across the board by industry, with positive responses from ABPI, Life Arc and others. With a focus on implementation over revolution of the existing Life Sciences Vision, Labour appear to be sending the message that they understand that the sector wants certainty and practicalities over new grand strategies.
"Lots will be written over the soundness of this as political strategy and what it means for polling day, though I doubt the next election will be won or lost on life sciences sector policies. However, regardless of the colour of the next government, elements of this plan are likely to be adopted into mainstream policy and it’s interesting to dissect them and what they mean for the North. Bear in mind that at this stage we’ve only seen the outline plan of actions and no detail.
"I’m going to start with what’s not in it – MedTech."
Read our full blog from Ben Martyn on Labour's Life Sciences Plan and how the proposed actions could mean for the North of England.
On 4 July 2024, under the leadership of Sir Keir Starmer, the Labour Party secured a victory in the UK General Election. With the new government’s commitment to boosting R&D in the life sciences sector, what changes can we anticipate for the industry in the UK?
Paul Tweehuysen, DLL UK & Ireland Sales Manager for Healthcare and Life Sciences, shares his thoughts.
#Equipmentfunding#Laboratory#Lifesciences#Scientist#Research#DLL
Get to know our amazing Assistant Director for our Science and Medicine team, Gemma Payne.
Who else was amazed by Gemma's fact? Comment your favourite science fact, we would love to know!
#ScienceWeek#ProtectingSportTogether#NationalScienceWeek
#ResearchWithinReach
Research Deserts exist across the midwest, especially in Illinois.
Unless you live next to a giant city, your community often does not have the specialized doctors, the infrastructure, or the experienced professionals to be a part of clinical research.
And so - you commute 3-9 hours one way to access the clinical trials that you need to live a happy life.
Why?!
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Talk to your doctor - seriously - about participating in clinical research.
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And learn how we can truly achieve #ResearchWithinReach..... in Central Illinois.
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I help empower leaders to optimise team mindset and performance for individual and organisational success | Specialising in Resilience and Communication Transformation | Facilitator, Performance Coach and Therapist.
What if you went to get up one day and you couldn’t?
People suffering from pots miss out on some much of life and then become the missing.
Do you or someone you know have POTS?
✅👍This conference is not to be missed. There is a day dedicated JUST FOR YOU!!!
I am heading down and most excited to get the latest information and research. To understand more about the condition and how to live with it on a daily basis.
Come join us, time is running out.
#POTS#livingwithpots
📰 NEW BLOG: ORAU provides innovative scientific and technical solutions for the U.S. Department of Energy and other federal agencies to advance national priorities in science, health and education. Click the link below to learn about the core values that define ORAU and the ways we support our customers 🔽 🔽 🔽
https://bit.ly/3VkOMJM#FurtherTogether
Acceptance of scientific research about ACL INJURY AND rehabilitation For presentation at the International Conference On Recent Advances In Medical And Health Sciences (ICRAMHS - 24) taking place on 2nd Sep - 3rd Sep'2024
Senior Biotech Executive, Enterprise Leader and Mentor experienced in bioprocess instrumentation/bioreactor/sensor technology/CDMO/markets with extensive start-up experience in biopharma/and new life science technology.
1moTo get to where we are today as a life science community, we never had the funding that we have now and could have in the future. Our lifescience superiority came from the hard work of many in the industry. Leaders like George Church and Henry Termeer that pioneered some of the very products on the market today. We have exceptional colleges and universities that allow us an incredible talent pool. We have great companies such as Pillar, Third Rock Ventures, MassVentures, Flagship,etc., that have pumped hundreds of millions of dollars into great startups and great talent here over the past 30 years. We have the six-pack of biotechs with at least one location here in Massachusetts...Novartis, BMS, GSK, Sanofi, Merck, Pfizer as well as a huge host of others that trust in the economy in Massachusetts. We are home to the founding chapter of Nucleate. This is the finest university organization run by students, that works tirelessly to add to the bio/medtech startup world here. The point is, we didn't get here over the past thirty years because of government initiatives. We built the bio/pharma world here on knowledge, talent and hard work and we will continue to do so.