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December 2, 2008
Aware of state and local government financial incentives available to your company? Bedford International, BIO's preferred partner in identifying and collecting governmental incentives, is. For a free analysis of your company's eligibility for government incentives, contact Bedford International.

The news summaries appearing in BIO SmartBrief are based on original information from news organizations and are produced by SmartBrief, Inc., an independent e-mail newsletter publisher. The information is not compiled or summarized by BIO. Questions and comments should be directed to SmartBrief at bio@smartbrief.com.

  Today's Top Story 
 
  • Cellectis unveils gene-research tool
    Cellectis has introduced a gene-research kit designed to help scientists develop stable cell clones faster and more accurately than with existing technologies. Some drugmakers and biotech firms in Europe have purchased the tool, which features 10 experiment tubes containing hamster cells, a Cellectis executive said. The French company hopes to expand the product's range to include cells of mice, humans and other species. The Guardian (London)/Reuters (12/1) LinkedInFacebookTwitterEmail this Story
 Detailed List of 952 VC Firms Investing in Biotech
BioWorld's Biotechnology and Medical Device VC Directory 2009 is the only directory that will help you locate investors that are still investing in the biotech and device industry. Perfect for anyone looking for financing: Seed, Series A-B, Series C-D, Mezzanine, Bridge, and Buyout. Click here for more info or to view sample pages.
 

  Health Care & Policy 
  • Concerns arise about studies conducted overseas
    Western drugmakers and regulators are under mounting pressure to ensure the safety of clinical trials conducted in developing countries after reports of death and complications in participants. Some experts are concerned about possible violations of clinical-testing rules, while others worry that companies may be taking advantage of individuals desperate to join studies. Drugmakers said they follow the rules when conducting trials abroad, including securing government authorization and routinely inspecting sites. The Wall Street Journal (12/1) LinkedInFacebookTwitterEmail this Story
  • Researchers identify genes that affect degree of illness
    An Australian study involving 300 people found that about 28% had certain gene combinations that made them more vulnerable to serious symptoms or prolonged bouts of illness, while 18% had a genetic profile that enabled them to recover quickly. The results could be used to develop more personalized therapies for common infectious ailments and to identify those who require priority treatment in case of a pandemic, the lead researcher said. The Telegraph (London) (12/1) LinkedInFacebookTwitterEmail this Story
  Company & Financial News 
  • Enzon scraps spinoff of biotech division
    Enzon Pharmaceuticals decided not to spin off its biotechnology unit into an independent developer of cancer medicines because of unfavorable market conditions. "The fundamentals of the business remain strong, and we will continue to develop our innovative compounds for cancer patients," Enzon CEO Jeffrey Buchalter said. Forbes/The Associated Press (12/1) LinkedInFacebookTwitterEmail this Story
  • Cephalon drops collaboration with Alkermes for Vivitrol
    Alkermes said its partnership with Cephalon on Vivitrol, an injectable treatment for alcoholism, was discontinued. The decision, which is a result of Cephalon's portfolio evaluation, comes months after U.S. health authorities said they got 196 reported cases of complications from people who took Vivitrol. Reuters (12/1) LinkedInFacebookTwitterEmail this Story
  Global Developments 
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  Industrial & Environmental 
  News from BIO 
  • Uncover governmental financial incentives
    A midsized biotech company in Missouri generated $9MM to support its expansion and the creation of new jobs, while a large biotech firm in Florida received the largest incentive package in history, totaling more than $510MM. Of the $50B spent by state and local governments each year on economic development incentives, biotechnology companies are eligible for some of the highest governmental financial incentives. To determine whether your company is eligible for such incentives or tax credits, contact Bedford International, a BIO Business Solutions preferred partner. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Anything that won't sell, I don't want to invent. Its sale is proof of utility, and utility is success."
--Thomas Edison,
inventor and industrialist


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