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A Word from Jeff Gallagher, CEO, Virginia Bio It’s my privilege to travel the state and meet hundreds of companies, research institutions, and individuals who are doing fascinating innovative work and making valuable contributions to our economy and to the health and well-being of people around the globe. Every month in this blog I’ll take a short look at an outstanding member of Virginia’s bioscience community, or update you on important information that impacts the community.

 

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Women Building Bio Conference Next Week

Posted By Administration, Thursday, September 21, 2017
Updated: Thursday, September 21, 2017

Dear Members and Friends,

The Women Building Bio: the XX Factor conference is like no other, and it’s upon us: next Tuesday, September 26, all day at the Inova Center for Personalized Health in Fairfax, VA. Register now!

We expect 300 women and men to attend and participate. For those of you who attended last year’s inaugural event, you know the special vibe. Attendees from across the state and region are eager to meet and learn about one another. Come make many new contacts, and plant the seed for friendships and future collaborations. There’s plenty of time built in to network.

Download the App now, and learn about the 40 outstanding women featured on the program, and see who else is already registered to attend.
Hear outstanding leaders in science, business, government, philanthropy engage in insightful discussions on recent developments and trends, and share tips on personal professional development.

A new program element this year, features several presenters whose organizations and programs enable you to plug in, get training and take action all year round. We’re featuring experts at training women for the boardroom, mentoring and accelerating your startup, making your voice known via automated mobile technology when it counts on issues that matter to you to policymakers, and designing with sex and gender in mind.

The program also features inspiring pairs of mentors/mentees share their journey, illustrating the grace and vision of the mentor and the talent of the younger generation just waiting to be nurtured and unleashed. You will be amazed.


Have some fun with us that day, too. We’ll end the day with two-hour reception in the lovely atrium. And share the event on social media as it unfolds. Last year we trended as the number two topic in Greater Washington, DC. This year let’s make it to the top! We’ve got a prize to the number one tweeter. Please use #XXfactor2017 for all your posts!

Many thanks to our host Inova, and our sponsors George Mason University, Virginia Commonwealth University, Activation Capital, University of Virginia Health System, AstraZeneca/MedImmune, BIO, Pfizer, Vibrent Health, Virginia Tech University, Silverline Communications, William & Mary, Cherry Bekaert, Greenberg Traurig, LifeNet Health, HHMI Janelia Research Campus, Merck, Sanofi, UVA Licensing and Ventures, iGIANT and Prince William County.

 

Best Regards,

 

 

Jeff

 

Tags:  inova  virginia bio  women in science  womenbuildingbio  xxfactor 

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Cybersecurity for Biomedical Companies

Posted By Administration, Thursday, August 17, 2017
Updated: Wednesday, August 16, 2017

Dear members and friends,

The biomedical industry is increasingly taking note of the risks and costs of cyberattacks. In late June, a number of biopharma companies, including a global industry giant, were hit by a well-publicized worldwide hack. The companies were denied access to data as ransomware demands flashed on their screens, and they were exposed to the risk of exposure of proprietary and competitive scientific and commercial information.

Closer to home, some of you may remember that last Spring my own email address list was hacked, despite protection on my office computer, and certain addresses used as the basis of a phishing scheme.

We asked around, received recommendations, interviewed folks, and ultimately engaged BlueStone Analytics of Charlottesville to provide a cybersecurity assessment and implementation plan to Virginia Bio. The firm has similar work for some of our member companies.

The firm undertook a series of interviews with staff, inspected our hardware and work patterns, preformed a dark web threat intelligence collection, a vulnerability scan of networks and a security architecture review, launched a simulated attack on our system, and finally prepared and delivered to us a Cybersecurity Assessment Report on the first of August.

Most importantly, the firm’s report contains a Security Action plan, which lists nine specific recommendations and additional options to improve our security, encompassing not only the computers and network in our office, but also our mobile devices and cloud based support.

The first seven items were highly recommended, and I am pleased to report all seven recommendations we have completed or are underway. We have implemented universal two-factor authentication (2FA) for all staff, we have changed the passwords on printers and other peripherals which are an attractive opening for cyberattacks; we have installed uniform end-point protection for all devices, we have resumed a practice of regular and systematic data backup; we have turned on device encryption on our mobile devices, and all staff have begun use of Virtual Private Network (VPN). All staff also have started a course of cybersecurity training which will span several months.

The above recommendations have been implemented for all devices used by all four Virginia Bio employees. In the FY 2017/18 budget recently approved by the Board we budgeted for these and other improvements. We believe we owe this to our member companies and to the industry at large. If you have questions about the tools or software we’ve used and our experience with them, please contact Sherri Halloran.

We’ve asked BlueStone Analytics to help us put on a series of webinars in the Fall focused on cybersecurity for startup and scale-up bioscience companies, and access to the webinars will be made available to members free of charge. We will invite you to join the webinars, become aware of the risks and learn about steps you can take to significantly reduce the risk, so watch for an invitation in the coming weeks.

Best regards,

 

 


Jeff

Tags:  bluestone analytics  cybersecurity  hacking  intelligence  phishing  virginia bio 

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Virginia Bio Sets Plan and Goals for the New Term

Posted By Administration, Thursday, July 20, 2017
Updated: Thursday, July 20, 2017

Dear members and friends,

I’m writing from a hotel room in DC, about to spend the day on Capitol Hill visiting Virginia Members of Congress or their staffs to lend our voice in support of timely passage of the FDA Reauthorization Act, including PDUFA and MDUFA, BSUFA and GUFA, to put in place continued funding and continuing improvements in FDA before current authorizations expire. The FDA Reauthorization Act passed the House last week, and the Senate is considering whether to take it up.

Please write our senators urging them to take the FDA Reauthorization bill up quickly and pass it as is. The Senators’ health legislative assistants are: Marvin Figueroa (Senator Warner)  and Kristen Malloy (Senator Kaine).

July brings a new year to Virginia Bio, embodied in a plan and budget forged by staff and our Board of Directors in which we set priorities and goals, and plan our programs and events for the year ahead.

One area of change in the year ahead will be in our public policy efforts, state and federal, and is designed to enable greater engagement by our members directly and through Virginia Bio, thus greater effectiveness in representing our industry.

We are excited to be implementing a tech-enabled way for our members to interact with their elected representatives in a quick, timely and informed way on issues. This is the BioAction policy messaging system developed by BIO and provided to us for the use of our members at no cost. It’s an integrated mobile and social media tool, which allows individuals who choose to sign up to receive updates on federal policy issues, to access background information, and to quickly and easily message their representatives via text, tweet or email their position on the issue. In May we sent Members an email with information on how (it’s easy) to get involved, and we will be working with BIO to incorporate into the BioAction platform coverage and support of pertinent Virginia state policy issues as well. For those of you who want to be engaged, this will be an extraordinary tool. Join this effort now!  

We also will be revamping our Virginia Bio state public policy web pages to make them an up-to-date and ready source of concise information on key policy matters impacting the industry. We will draw from a wealth of information from our federal allies BIO, PhRMA, AdvaMed and MDMA and We Work for Health. A very talented University of Richmond senior will intern with us for the year to help collect and summarize and keep the website concise, informative and up-to-date, and issue alerts when needed.

In Virginia, we’ll provide new and purposeful opportunities for our members to interact with members of the General Assembly. During the Session, we’ll hold a series of Bioscience Caucus coffees at the General Assembly during the day. Each event will be themed, and leaders of companies and members of the industry from, for example, a geographic region or an industry sector, will be featured. Legislators and staff, and administration staff, will be invited to drop by; we’ve learned this is far more practical for them and creates a greater impression of presence. We’ll also schedule one or more days during the Session to invite members to Richmond and help them schedule visits with their delegates and Senators, creating a “Capitol Hill Day” for the industry. And we’ll forego our traditional reception and dinners in Richmond because changes in gift laws over the past several years have caused legislators to avoid such events.

Finally, the Virginia gubernatorial election occurs November 7. We have invited the two major candidates Ed Gillespie (Republican) and Lt. Governor Ralph Northam (Democrat) to meet and hear from our members and the bioscience community in a number of different forums over the next several months, and will send out alerts and invites as they are scheduled.

Please contact me if you’d like to be specially involved in our public policy work.

Best regards,



Jeff

Tags:  bioaction  gubernatorial election  virginia bioscience 

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Healing our heroes – getting down to work

Posted By Administration, Wednesday, June 21, 2017

Dear Members and Friends,

 

Just a few feet in front of me, a highly articulated gleaming metal hand and wrist was mounted on a busy workbench, and moving fluidly through a series of strikingly natural gestures. My eyes were drawn to two thin wire leads issuing from it, snaking across the bench and affixed by skin patches to the forearm of a young man, and then i realized - as he moved his hand of flesh and bone, the prosthetic hand on the bench moved as one.

I was midway through a tour of several of the many research labs at McGuire Veterans Administration Medical Center in Richmond, one of the top tier of the many hundreds of Veterans Health Administration facilities nationwide. The tour was graciously arranged by the Director of McGuire VAMC, John Brandecker.

In a flash, I understood in a way that I had not before the depth and breadth of research at McGuire VAMC, and by McGuire researchers at nearby Virginia Commonwealth University where most have joint faculty appointments. Hundreds of clinical trials are underway, both intramural and with external partners, and innovations are being generated in labs and clinics. In one lab, researchers are undertaking funded studies advancing new developments in restoring movement after spinal cord injury using exoskeletons muscular manipulation and electrostimulation of the spinal cord. In another lab, they’re developing Bluetooth enabled control of prosthetics with brainwaves. They’re developing innovations in surgical procedures and cancer therapy.

VA clinicians and researchers tackle biomedical issues unique to Veterans, but they also push advance research and care in health and wellness which their 9 million patients share with the rest of us - cardiac, diabetes, cancer and neurological disease, to name a few.

As I hope you know, Virginia Bio has made a commitment to help our companies and researchers understand the needs and ongoing work in research in the Veterans Administration, with the goal of creating new opportunities for growing our industry and helping our heroes. To do this right, one needs to know not only VA leadership and the exciting national programs and opportunities, but also what’s going on at the facilities across the country. That’s why I was touring McGuire VAMC.

And that’s why we are planning new and different ways to introduce the researchers and leaders at the VA system in Virginia and nationally to companies, scientists and clinicians around Virginia. Already our Medical Device CEO roundtable is exploring a quarterly meeting at McGuire, and we are planning ways to move this ahead. Look for more opportunities ahead.

We are moving ahead on our commitment in other ways, as well. On September 26 at our Women Building Bio conference, hosted at the Inova Center for Personalized Health in Fairfax, Dr. Rachel Ramoni, Chief Research and Development Officer (CRADO) of the Veterans Health Administration will be featured on the program. Dr. Ramoni oversees the VHA’s $1.6B research enterprise, encompassing groundbreaking national programs like the Million Veteran Study, as well as multicenter trials for industry. Women Building Bio will provide the opportunity to 350 leaders, women and men, from across Virginia and the near abroad of DC and Maryland, to understand and become engaged in that important work.

I’m writing this from a sidewalk table outside a Subway restaurant in (humidity free) San Diego at the BIO convention. Yesterday, I attended a press conference here at BIO announcing the Virginia Beach Innovation Challenge to this international gathering. The City of Virginia Beach has partnered with the Center for Advancing Innovation to create a long-term program to identify technologies, assemble startup teams and plant 20 startup companies focused on breakthroughs impacting Veterans’ health. We look forward to helping this great and novel way to harness the power of biomedical science and innovation for focused economic development and helping our heroes.

Lastly, remember that Virginia BIO has engaged a consultant expert in federal nondilutive funding for bioscience. Early each month, we post on our website for members only a report containing dozens of new opportunities issued by the National Institutes of Health, NSF and DARPA, among others, and importantly including DOD and the VA. I encourage our members to calendar a 15-minute date with the new list early every month to quickly determine if any opportunities align with your work, and if you are not a member to join now and enjoy access this valuable member benefit.

We’ve made a commitment, and now we’re working it. It’s a great opportunity for growth and development for biomedical science and industry in Virginia, and a great opportunity to make a difference in the lives of our military and Veterans and their families. Please let me know of your ideas to move this ahead successfully.

Best regards,

 

Jeff

Tags:  #veterans #vamedicalcenter #g2gconsulting #biotech 

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Remembering a Great Man and Great Biotech Leader with Virginia Roots

Posted By Administration, Wednesday, May 17, 2017
Updated: Wednesday, May 17, 2017

Dear Members and Friends of Virginia Bio,

 

Today I mourn the loss of Henri Termeer –  a mentor and a friend for over twenty years.  Henri was a passionate advocate for patients and the industry he helped to create. He inspired hundreds – if not thousands – of entrepreneurs with his drive and enthusiasm. That sparkle in his eye that caught your attention and that famous grin that drew you to him, made him eminently likable and inspired you to be your best.  Simply put, Henri Termeer changed the world.

 

While we often group Henri Termeer, Genzyme, and Cambridge in the same sentence, the roots of Henri’s business success were actually formed in Virginia.  In 1971 Henri arrived in Charlottesville from his native Netherlands to attend the University of Virginia’s Darden Business School. Like many immigrants, Henri came to America to learn business and to participate in Teddy Roosevelt’s great narrative of “the arena” of men working to make the world a better place. Termeer’s growth into one of the greatest biotech leaders in the industry started in the classrooms of UVA and with a relationship he later formed with another UVA graduate, Sheridan Snyder. Snyder had formed Genzyme a mere 18 months prior to Henri’s joining as President in 1983.  From a small shop in a warehouse next to Tufts, Termeer created a company that helped dying children, employed thousands, and eventually created fabulous wealth for its employees and shareholders when it was sold for $20 billion in 2011.

 

Henri was kind and generous with both his time and money. I will never forget the day I told him 12 years ago that I was leaving UVA to set up a pharma company. He was genuinely excited for me. We were fishing off the coast of Nantucket with his son Nick when he said to me, “Building a company that truly helps people is like running a marathon – it is hard, it takes discipline, and it takes time. It is not a sprint, Andrew. So, you now have just picked out a pair of sneakers!” Over the years, he encouraged me during my marathon. He would always take my calls or make time to see me at JP Morgan or on his many trips to Charlottesville for a Darden Board meeting. He was unfailingly generous with his resources; he introduced me to his team at Genzyme and helped me secure my first partnership to screen compounds.  On another occasion, he told me something I needed to hear and that I'll never forget, to “focus relentlessly on the patient, and that will make everything clear"  this was not a suggestion, but a commandment. I also saw his generosity displayed in remarkable philanthropic gifts.  In a world of big venture capital, staggering IPOs, huge acquisition deals and other remarkable liquidity events, but not always advancements of remedies for patients, I have tried to follow Henri’s words and actions to take the time to build my company properly by focusing first on helping patients and letting the financial piece come second.

A great hallmark of Henri’s success was his persistence and sound judgement.  A few years ago, I was struggling with raising capital and trying to figure out what I was going to do to keep the company moving forward. It was hard as I contemplated the company’s strategy: should I give up on my work in the orphan-indicated brain cancer space or stay the course?  Henri reminded me, with a hearty chuckle, of the time he was nearly out of money and desperately flying around in a small plane with a very pregnant researcher who was also the mother of a Gaucher’s Disease patient trying to get the next raise closed. Or the time when the data from a Gaucher’s Disease clinical trial said enzyme replacement therapy did not work as a therapy.  Henri’s solution was to gather 8 MIT professors to figure out if it was a dosing problem. Having heard their response to give up, Henri ended up ignoring their advice and went back and re-ran the trial –  properly – and it worked. Like Churchill, Termeer never, never gave up!

Thank you, Henri for your generous spirit and friendship. And thank you for instilling confidence in me that I am the only person who could change the course of a disease’s history. He would say, “Andrew, if not Cavion, who will do this? Who then?”  As Henri took his valuable time to help and encourage me, I learned from him what a big difference a conversation can make.  We all model ourselves after great leaders and the thing I took from Henri was to make it a point to be open to answer calls and share thoughts with starting-out, startup CEOs and colleagues. In fact, this is why I love my involvement with Virginia Bio: there are so many people who are willing to work with their colleagues (and the next generation) and to remind them to always put patients first. To all the Virginia CEO’s and entrepreneurs, Henri would be thrilled with your work and would encourage you to figure out how to make your science and company work for the benefit of patients.

 

May Henri’s soul rest in God’s tender mercy and may his legacy continue to inspire the next generation of entrepreneurs here in Virginia and beyond.

 

If you would like to read an oral history of Henri Termeer, please click here.

 

Best,

 

 

Andrew Krouse
President and CEO of Cavion, Vice Chairman of Virginia Bio.

Tags:  #biotech #genzyme 

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Thank you!

Posted By Caron Trumbo, Thursday, April 20, 2017
Updated: Wednesday, April 19, 2017

Dear Members and Friends,

 

From all of us, thank you for making THRiVE 2017 a huge success.   Wow and Phew! 

 

It was a great team effort – and our team is way bigger than the four of us on staff.  We had five terrific co-hosts anchoring us firmly in Virginia Beach / Hampton Roads.  We had more than 20 sponsors and exhibitors, 37 different experts and leaders from across Virginia and beyond on the program, and 250 in attendance.  Heartfelt thanks to all.

Not storm, nor tornado warnings, nor hotel evacuation alarm, could deter this group! We even ended the day with a beautiful rainbow over the oceanfront.   

 

Presentations of the day and lots of photos are available on our website and through the event app

 

Throughout the day, there were several exciting announcements. During his welcoming remarks, Virginia Beach Mayor Will Sessoms, announced the launch of the VABeachBIO Innovation Challenge, the first of it's kind in the country. The challenge will center around inventions to improve Veteran healthcare.

 

The Virginia Bioscience Health Research Corporation, aka The Catalyst also announced that applications are open for Round 7 of grants to fund the development, validation and application of new approaches to diagnosing, preventing and treating neurological conditions, including brain injuries, brain developmental disorders, neurodegenerative disorders, neuropsychiatric and behavioral disorders, as well as addiction and substance abuse.

 

 

We thought you’d enjoy a few comments we’ve received from attendees.

 

“Thrive 2017 was one of the more valuable and productive conferences I’ve attended in the past year. The quality and relevance of the panel speakers was very well matched to the needs of the VaBio community. The accessibility of the conference speakers was great – the format of the conference allowed for meaningful conversations with the speakers and it allowed me to uncover new opportunities and identify new collaborators and potential funding sources. Of course, the enthusiasm and camaraderie from the other VABio members was the best part – a really great forum for reconnecting and discussing collaborations with other members. Finally, the quality and comfort of the venue, the accommodations, the food, the receptions, etc. was exceptional. Overall, a very big return on investment of time and expense to attend.” 

 

“One high-powered conference….”

 

“Thank you, so much, for a fabulous event this last week!  Thrive was a huge success and I benefited on many levels.  This was my first Virginia Bio event.  I have a number of new contacts and my plate is full making sure that I follow up expeditiously.  I look forward to the next event and appreciate your efforts to ensure the healthy growth of Virginia as a bio-tech hub for the nation.  You all are a great team and I am glad to know you.”

 

“Great balance of science and business and fun….”

 

“Thrive 2017 achieved the vision Virginia Bio talked about: an event to celebrate, connect and educate our community of entrepreneurs, academic researchers, companies, investors and healthcare providers.  The evolution of Virginia-based funding sources and the inclusion of the VA/VHA and USAMRMC signify strategic options for companies to build partnerships and secure capital.  The chance to celebrate the ongoing success of our peers in this community was fantastic.  I am reminded of the power of the people in this community and our ability to help each other in many ways.  Wow.  Thank you!!”

 

If you were there with us, thanks!  If not, become involved and experience the power of the people in this community to help and to lift up one other. Building the time into your busy schedules to make one of our upcoming events, like Women Building Bio; the XX Factor conference on September 26 in Fairfax.

 

 

Best regards,

 

Sherri Halloran

Cassandra Isley

Stephone Jones

Caron Trumbo

Jeff Gallagher

Tags:  #biotech #thriveinva #thankyou 

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Never Give In

Posted By Administration, Wednesday, March 22, 2017
Updated: Monday, March 20, 2017

Dear Members and Friends,

Two points.

One.  Attend our every-two-year statewide conference THRiVE 2017 on April 6 at Virginia Beach!  It’s going to be fantastic!

Meet and hear from new sources of private Virginia capital for R&D commercialization, and sources to get over the valley of death                 


Get a glimpse of the future of bioscience in Virginia from leaders of three outstanding and very different Virginia bioscience organizations


Learn how to help Heal our Heroes, and hear leaders from DC and across the state discuss   unmet needs and opportunities in biomedical R&D and clinical innovation for our veterans and military personnel.


Network to your heart’s content. 


Two - shifting gears.   “Never give in.  Never give in.  Never, never, never, never ….”, Winston Churchill famously said reflecting on the survival of Britain and triumph of the Allies in WWII. 

In more mundane ways, I’ve noticed recently.

-        Last March, my beloved Tar Heels lost the NCAA basketball championship on a last second shot by Villanova.

-        In June, my beloved Cavaliers became the first NBA team ever to come back from down 3 games to 1 to win the NBA championship.

-        In October, my beloved RedSox came back from down 3 games to 1 against my even more beloved Indians to return the championship to Boston after 70 years.   

-        In January the Patriots came back from the largest deficit ever in a Super Bowl to beat the Falcons (no beloving either way).

-        And just a few weeks ago, my wife’s beloved VCU Rams basketball team won two games back to back in which they were losing with 0.4 (zero point four) seconds left on the clock and action stopped (no kidding!).  

Bioscience R&D and commercialization is not war and it’s not sports.  It’s also no place for instant gratification.  Our issues tend to be complex, our journeys take us into regulation and reimbursement and intellectual property, not to mention that our projects address and arise from the beautiful complexity and subtlety of human life.

From the vantage point of my 7th decade, I’ve seen a lot of shots on goal, a lot of misses and a good deal of scoring.  I’ve seen a lot of “overnight success”, then peeked behind the curtain at decades of sustained, intelligent, inspired effort.

It’s hard to know which of our ideas will take root, which of our products or services will meet needs well and succeed.  I hope all of yours do.  But one thing I do know is that a necessary trait of the successful, of the ones who brought healing and health and new value to the world, is they never gave up. 

I encourage all of you in your important work, as I was encouraged by my former colleagues at Lyotropic Therapeutics and more recently as I am encouraged by the Board, Executive Committee and staff of Virginia Bio.

Keep on.  Ask for help.  Be flexible.  Welcome good faith critique.  Listen.  Be flexible.  Be resourceful.  Be generous along the way. 

 

And never give in. 


Jeff  

Tags:  #biotech #thriveinva #nevergivein #startuplife 

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Can you help?

Posted By Administration, Thursday, February 16, 2017

Dear members and friends,

 

Two calls to action -  one ASAP and the other for the long term. 

 

State public policy

 

The General Assembly is reaching the close of the Session.  The Session has been defined by budget battles in light of the projected shortfall in state revenue, and by a power struggle between legislative and executive branches over control of the state’s economic development apparatus, VEDP. 

 

Until last week, the priority issues of Virginia Bio have escaped threat of harm, but the recently released House budget cut funding for VBHRC by $2.5M, or 50% for the coming year.   Fortunately, the Senate budget maintained VBHRC funding at $5M, as did the Governor’s Introduced Budget.  The differences between the House and Senate budgets are being resolved by a dozen Budget Conferees from Senate and House by negotiations now, and continuing into this weekend.

 

A cut of that size will mean many of the outstanding applications for grants under the current program cannot be funded, and VBHRC will have little capacity to create some of the focused statewide R&D infrastructure that last year’s General Assembly authorized them to do. 

 

Please take a moment to contact one or more of the conferees and indicate your support for VBHRC, and the importance for full funding of $5M.   This is Budget Item 106 I.1.    The list of conferees and their contact information here.

 

      

Healing our Heroes

 

One of the pillars of our statewide conference THRIVE 2017, on April 6 at Virginia Beach, will be a program focused on biomedical research, development and commercialization in support of veteran and military health and medicine. 

 

The long-term vision here is that Virginia is uniquely resourced and uniquely positioned to take a lead role in biomedical R&D and commercialization in this area.   We have an extensive active military and veteran population, and broad and deep support socially and politically for these communities.   We have researchers and companies working in these areas already, and others which could do so.   We have major military installations, and major veteran and military health care institutions.  We are proximate to greater Washington DC where many of the decision makers, convening events, and research facilities are located. The Conference program seeks to encourage and enable the extension of this commitment of support to an area of research, clinical and economic development opportunity of increasing attention to state policy makers.

 

The purposes of the program are:  

·       to gather from across the Commonwealth leading clinicians, researchers and industry R&D and executives who are currently working in - or who are committed to begin working in, areas of biomedical research and development which will support the work of the to assist the work, plus state public policy leaders, and to improve the lives;

·       to inform them of current and future needs of the programs for the veterans and military, to focus on priority areas of unmet needs and opportunities; 

·       to build a consensus to extend Virginia’s commitment to our veterans and military personnel to leading the national effort to heal our heroes, and

·       to inform national leaders of military and Veterans Health in this area of the resources and strengths Virginia researchers and institutions have to bring to bear.

 

Among the leading national and state speakers at the conference on April 6 will be:

 

Dr. Jennifer Lee, MD, the Deputy Under Secretary for Health for Policy and Services, Veterans Administration. In this position, Dr. Lee provides guidance to the Under Secretary for Health on matters related to health care policy, strategic objectives, and policy requirements for legislatively mandated health care delivery programs.  She also provides leadership for the various Health Policy and Services programs within the Veterans Health Administration (VHA), including its research enterprise, to ensure VA’s overall strategic objectives and agency priority goals are met.

 

Rachel B. Ramoni, D.M.D., Sc.D.  Dr. Ramoni is Chief Research and Development Officer, Veterans Health Administration.  As CRADO, she oversees VA's nationwide research enterprise, encompassing some 2,000 active projects at more than 100 sites. The program's total budget in fiscal 2016 was $1.8 billion. The figure includes both direct VA support, and research funding from outside entities such as the National Institutes of Health, other federal agencies, and nonprofit and private organizations.

 

David Cifu, M.D.  is Chairman and the Herman J. Flax, MD Endowed Professor (tenured) of the Department of PM&R at the Virginia Commonwealth University (VCU) School of Medicine in Richmond, Virginia. He is also Chief of PM&R Services of the VCU Health System and Founding Director of the VCU-Center for Rehabilitation Sciences and Engineering (CERSE). He is the Senior TBI Specialist for the U.S. Department of Veterans Affairs. He is Principal Investigator of the VA/DoD $62.2 million Chronic Effects of Neurotrauma Consortium (CENC).

 

Please join us on April 6 at the Hilton Virginia Beach Oceanfront for our every-two-year statewide gathering of the bio-community from industry, university and policy, and join us in taking steps toward further developing Virginia into the state which leads the nation’s efforts to support and Heal our Heroes through biomedical R&D and commercialization.

Register Now

 

Best,

 

 

Jeff  

Tags:  #biotech  #vbhrc #thriveinva 

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Show you the money

Posted By Administration, Tuesday, January 24, 2017
Updated: Monday, January 23, 2017

Dear Members and Friends,

 

Buckle your seat belts.

 

A top priority of Virginia Bio is to help Virginia companies and translational researchers access the private investment and non-dilutive capital they require to fuel innovation, develop products and services, create jobs. And we are off to the races!

 

Private Investment

On April 6 at our statewide conference THRiVE 2017 in Virginia Beach (think oceanfront hotel!) we’ll bring together many private sources of capital in Virginia.  We’ll have the teams from the new funds devoted to bioscience investment at Inova, UVA and Sentara’s Third Core.  Leaders of those funding sources will introduce themselves and present their goals and process, and be available for private meetings which can be arranged in advance.

  

Also that day at the Beach (think dolphins!), we’ll have other investors, like 757 Angels, Cav Angels, and VBHRC (the Catalyst), and we will be adding to the list in the coming weeks.   Come and meet these people and create relationships that will enable your future growth and success.   Register Now to Attend

 

Our April 6 THRiVE 2017 will be a further development of the fantastic Virginia Reception we just put on in San Francisco on Sunday evening January 8, the eve of the JPMorgan Health Care Conference week (JPM).  Despite the East Coast blizzard and the West Coast “River of Rain” over 175 investors and strategics joined Virginia companies and investors, to be introduced to Inova, UVA and Sentara leadership, feel the enthusiasm for the industry in Virginia, and make new contacts among our companies and universities.  Governor McAuliffe attended.

 

If you are a company or translational research institution which now or in the future needs private investment, I urge you to go to San Francisco next January during JPM week.  Really, consider it closely.  Perhaps you saw two weeks ago that Cavion, a Charlottesville-based clinical stage pharmaceutical company, closed a $26M Series A round.  CEO Andy Krouse reports that he met his lead investor, Lilly Ventures, at JPM two years ago - and indeed at our Virginia Reception!

 

To get a good look, take in our February 8 luncheon in Richmond reflecting on JP Morgan Health Care week.  Register to attend, or watch over the web by livestream.  Get in touch with me and I can put you in touch with others who did attend and can describe it to you.  Do it soon, because rooms and flights are already being taken for next year!

 

Non-dilutive federal funding for the biosciences

But we are not stopping there!  We are stepping up our efforts to help you become familiar with, understand and get strategic about accessing non-dilutive federal funding for the biosciences.  Big news here!

 

We have engaged Liz Powell, of G2G Consulting in NoVa, to provide special reports, calendars, updates, webinars and coaching to our members regarding federal funding for the biosciences.   Over the next three months she’ll lead a series of webinars, from basics to specific opportunities to how you create a strategic approach.   Register now for the first on Wednesday, January 25.

 

This too will build to something bigger and better at our April 6 THRiVE conference at the Beach (soft sand, lapping waves!).  Liz will lead a team offering a special bolt on workshop on “Going strategic in pursuit of federal funding” on Friday morning April 7, the day after the full day conference.

 

Also at the Conference, Thursday April 6 (your favorite beach beverage!), we’ll have an extraordinary group of leaders from the US Veterans Health Administration, US Military, DARPA and BARDA discuss current activities, unmet needs and upcoming opportunities in biomedical R&D.   So, companies, researchers, clinicians …. please join us, make new contacts, uncover new opportunities, and let’s make a public commitment to doing the best we can to help Healing our Heroes.

 

A terrific opportunity is at hand right now for bioscience companies trying to access relationships, funding and collaborations with the military.  A call for abstracts to participate in the 2017 Military Health System Research Symposium (MHSRS) has just issued.  This extraordinary joint symposium provides a collaborative environment for military medical care providers with deployment experience, DoD scientists, academia and industry to exchange information on research advancements and health care developments in the areas of Combat Casualty Care, Military Operational Medicine, Clinical and Rehabilitative Medicine and military Infectious Disease Research Programs.  Applications to place abstracts in focus area sessions will be accepted from January 17 to March 8, with acceptances notified by May 8.  The location and date of the 2017 MHSRS is still to be determined; the 2016 Symposium was held in Florida in August 2016.

 

This is such a significant opportunity we will be focusing Virginia Bio’s February Webinar, Thursday Feb. 23, 2017 on the MHSRS – what it is, what it can be for you, what they’re looking for in abstracts, how to make the most of your time at the Symposium, and how to weave it into your business development strategy.

 

Of course, we will continue to bring enhanced attention to more well-known sources of non-dilutive federal funding for the biosciences, such as the SBIR program at the National Institutes of Health.  Our friend, Rob Brooke at CIT, puts on a solid series of webinars and workshops across the state training companies and university researchers how better to access NIH funding.  As you will see on our Calendar of events, some are coming up soon:  on January 26 a webinar on SBIR, and on February 21 an NIH Proposal Prep Workshop in Charlottesville.  By the way, Rob just was recognized for his years of outstanding and tireless work by being named a 2016 Tibbets Award Winner for unique contributions to the SBIR program. Congratulations to Rob, and thanks our colleagues at CIT for their efforts on behalf of the Commonwealth.

 

Best regards,

 

 

 

Jeff Gallagher

Tags:  #jpmorganhealthcare # thriveinrva #biotech #g2gcon 

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Year in Review

Posted By Administration, Wednesday, December 14, 2016

Dear Members and Friends of Virginia Bio,

Hold on for a quick flashback over 2016, and a flash-forward to the new year!

 

2016 - Big steps and sound improvements, thanks to so many of you.

Historic levels of support of state public policy, building on the Virginia Bioscience Economy Blueprint. A new large expenditures R&D tax credit, increased funding and increased caps for the separate; refundable R&D Tax Credit; protecting the Angel Investor Tax Credit from attack; increased funding and expansion of authority for Virginia Bioscience Health Research Corporation (the “Catalyst”), a new fund and authority, Virginia Research Investment Fund, to spur economic development in research intensive fields with our universities; a new GoVirginia Fund and Authority, encouraging regions to focus on strength and collaborate in economic development; and a billion dollar bond package for capital improvements, including bioscience and bioengineering research facilities.

Federal public policy breakthroughs – surely, we are small fish in a big national pond, but as we all saw in Finding Nemo if all the small fish swim in the same direction hard enough, together we can cause big change. So, after years that we “kept on swimming” with partners across the US, this year we saw the enactment of a two-year freeze on the innovation-destroying Medical Device Revenue Tax, and just in the last week, passage of the 21st Century Cures Act, providing significant new funding for several major programs and staff support at NIH and implementing regulatory processes improvements at the FDA.

New networking events taking us to new heights. Adding to our regular cycle of networking dinners and “biotech and beer” around the state. The new Insights quarterly series bringing national leaders in bioscience commercialization to the i.Lab in Charlottesville to meet CEOs from Central Virginia companies, UVA leaders, and then network with the entire Charlottesville community. A first ever Women Building Bio: the XX Factor conference at Inova Center for Personalized Health, with the support of Darden and George Mason, bringing together 250 leaders in a unique and terrific program focused on building up people, firms and the community. Thanks to our sponsors of these innovative events for taking a chance with us. We are delighted with their success.


More money saved in more ways for more members through the national BioPurchasing program. New vendor additions, uniforms and cleanroom garments through UniFirst/UniClean, bulk gases from Airgas, microscopes from Nikon and coming in January gene sequencing equipment from Illumina. The number one supplier VWR now offers great discounts and rebates saving members even more than before. And office supplies savings went up with better pricing on thousands of items from Office Depot. Learn more about member savings programs, click here.

 
New, nimble ways of providing timely practical information for bioscience company success. We debuted a new series of webinars, grouped to focus on specific topics yet cover a field broadly, and delivered to your desk over the lunch hour at no cost. Our six-part series on Intellectual Property was put on splendidly by many of our attorney members, and inspired and coordinated by Aaron Parker at Finnegan, followed by a series on state and federal tax credits. We also beefed up equipment to provide livestreaming and archiving of our monthly Virginia Bioscience Commercialization Luncheon Programs from Richmond.


Our efforts to help spur capital formation took a big step forward with our free-standing Virginia Reception at the Velvet Room of the Clift Hotel in San Francisco on the eve of JPMorgan Healthcare Conference week. That great event compliments our program of making available near Union Square a semi-private meeting room to Virginia Bio members to reserve for special meetings that week.


A bigger and better BioHealth Capital Region forum at Medimmune, with partners from DC and Maryland, drawing over 600 to familiarize and move ahead on strengthening the region. Virginia companies, universities and public officials were fully integrated into this year’s event.


Great new additions to Virginia Bio’s statewide Board of Directors to replace the spots of members who termed off or moved with a change in employment. Thanks to these women and men, past and present, who volunteer their time to grow the industry for the good of all our members, the Commonwealth and the patients and people we all labor to serve.

2017 – New opportunities to serve

 
Successful implementation and coordination of state public policies in support of R&D and commercialization is the focus this year. Easier said than done, but we won’t give up. We have been provided a historic opportunity, now let’s make the most of it for the industry and for the Commonwealth! We’ll be working with program administrators and members and staff of the General Assembly and Cabinet to make the most of these programs.


Mark your calendars! Every two years we have our statewide conference: THRiVE 2017 is schedule for April 6 at the Hilton Virginia Beach Oceanfront. We are putting together a terrific program so save the date! Then in the fall (mark it, too!) a repeat and expansion of Women Building BIO: the XX Factor at Inova Center for Personalized Health on September 20.

 
Continued networking at a second season of the Insights series in Charlottesville, another great year of the monthly Virginia Bioscience Commercialization Luncheons at the Virginia BioTechnology Research Park in Richmond livestreamed, and a significantly expanded professionals Webinar series throughout the year.

 
Expanded activity in support of capital formation statewide. We’re repeating and making even better the Virginia Reception in San Francisco on January 8 in San Francisco. Join leaders from the new private funds at Inova, Sentara and UVA, and Governor McAuliffe, with leaders of Virginia bioscience companies and investors at this elegant spot on the eve of JP Morgan Health Care Conference week. We’ve also improved the complimentary meeting space available to members for private investor meetings during the conference. Then, join us again at home in Virginia Beach at THRiVE 2017 where we plan to bring these new funding sources and others across and outside Virginia together to introduce their teams and meet Virginia companies and translational researchers. Later, in May, we’re helping to host the first appearance in the region of the Cavendish Global Forum on bioscience Impact Investing for family funds and offices in Washington DC.


We’ll continue or work through our Foundation to support and encourage STEM activities in our schools, and facilitating student internships in industry.

 
There are lots of ways to help, and there’s lots of help needed. If what’s ahead excites you and you want to be a part of working together for it, let us know.


Best wishes for a wonder-filled and blessed holiday season for you and your families, and a productive and happy New Year.

 

 

 


          Jeff

Tags:  #biotech #vabio #policychanges #webinars #biopurch 

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