Displaying items tagged: MichBio
Michigan life sciences industry ranks among best in nation as employment grows
Employment in Michigan’s life sciences sector grew by 5.6 percent from 2018 to 2021 to 44,340 jobs, ranking the state among the top 15 in the nation for industry size.
Michigan life sciences industry perseveres in face of major talent shortage
Like virtually every other sector, Michigan’s life sciences industry faces a key obstacle in trying to attract and retain talent, many of whom are leaving for opportunities out of state.
Industry leaders see opportunity to leverage global attention on COVID-19 vaccine production
The world’s attention focused on Southwest Michigan in late 2020 as the region began producing the first COVID-19 vaccines.
PE-backed Angstrom Technology pursues acquisitions to fill cleanroom market gaps
WALKER — A couple of recent strategic acquisitions should further prepare cleanroom designer and builder Angstrom Technology Ltd. for overseas projects as the company continues a private equity-backed string of acquisitions.
State lawmakers mull restoration of R&D tax credit
Michigan could restore a tax credit for companies that conduct research and development here, which supporters say would make the state more competitive for high-tech business investments.
Rising prescription drug costs likely to be revisited in Lansing
On the surface, the position appears completely counter to what a business organization would typically advocate.
New $160M COVID-19 vaccine contract ‘takes GRAM to the next level’
GRAND RAPIDS — The $160 million federal contract to produce a COVID-19 vaccine when it’s ready elevates Grand River Aseptic Manufacturing Inc. into what Tom Ross calls the “big leagues.”
‘TREMENDOUS WIN:’ Tetra Therapeutics’ sale offers healthy returns for investors, validation for local ecosystem
GRAND RAPIDS — Tetra Therapeutics Inc.’s sale to a Japanese pharmaceutical company provides a final pathway toward bringing to market potential new drugs to treat Alzheimer’s disease and a form of autism, as well as generates a handsome return for financial backers.
Med device industry targets lame-duck repeal of federal excise tax
The lame-duck session of Congress offers the opportunity for advocates to finally convince lawmakers to repeal a federal tax on medical devices.
Bill would require pharma companies to report data on high-cost drugs
In 2014, the narcotic overdose treatment Naloxone cost $690. Today, the same drug sells for $4,500.
DÉJÀ VU? MPI Research sale expected to benefit SW Michigan, despite loss of HQ
MATTAWAN — The proposed sale of MPI Research Inc. to Charles River Laboratories International Inc. for $800 million would end local ownership for a company that’s one of the largest employers in the greater Kalamazoo area.
‘DISCOURAGING’: Proposed NIH funding cuts could hamper West Michigan’s nascent biomed research sector
GRAND RAPIDS — In the three years since Peter Jones moved from Los Angeles to Grand Rapids, he’s helped to more than double the amount of federal research funding that Van Andel Institute receives.
Stryker expansion builds on Southwest Michigan’s life sciences corridor
KALAMAZOO — A major expansion by Stryker Corp. could provide a welcome shot in the arm for Southwest Michigan’s life sciences sector.
Coastal Competition? Industry experts believe Michigan can compete in medical device space through manufacturing
While West Michigan may lack the depth of resources and talent that some regions of the country possess when it comes to the medical device industry, it may have one key advantage: the affordability of its contract manufacturing.
As Michigan life sciences industry awaits exits, focus shifts to later-stage funds, talent
The availability of scientific and executive management talent and the access to later-stage investment capital remain major issues for Michigan’s life sciences industry.
Prospects dim for proposed angel investor tax credit
The restoration of an angel tax credit in Michigan looks doubtful before the present legislative term expires at the end of the year.
Lawmaker wants to restore angel investment tax credit
A state lawmaker wants to restore an angel investment tax credit in Michigan as a way to create a larger pool of prospective investors in startup companies.
Michigan’s life sciences industry shows growth in latest BIO report
Michigan’s life sciences industry recorded growth in most sectors between 2012 and 2014 in both jobs and the number of businesses, according to a report from a national trade group.
SBAM seeks a path forward for Michigan’s business climate
The Small Business Association of Michigan wants to find a route to further improve the state’s entrepreneurial climate.
West Mich. med device makers cope with OEM consolidation, global expansion
As the medical device industry continues to expand globally, the sector has entered a period of mass consolidation.
MichBio report outlines path to continued life sciences industry investment, growth
A new roadmap aims to reboot efforts to build Michigan’s life sciences industry and compete with similar clusters around the U.S. and the world.