biotech

  In 2014 in honor of the 10th Anniversary of the Center for Biotechnology and Interdisciplinary Studies (CBIS), Rensselaer Polytechnic Institute partnered with the Seymour Fox Memorial Foundation to establish The Seymour Fox Lecture and Prize for Biotechnology Innovation.

Now in its second year, it is a local high school academic competition focused on pairing innovative ideas of local students with the resources available at Rensselaer’s CBIS, to improve life through biotechnology.

The submission deadline is February 1 and we are joined now by Dr. Glenn Monastersky to tell us more. Dr. Monastersky is a Professor of Practice in Biomedical Engineering at RPI and is the Principal Investigator and Director of the Rensselaer Center for Stem Cell Research.

A Pittsfield-based biotech company recently announced a pair of partnerships with businesses in California and Canada.

WAMC

The Massachusetts Life Sciences Center has awarded a major grant to Western New England University in Springfield for a cancer research project.

Western New England University will use the $500,000 grant to purchase equipment for the development of new tests for cancer drugs using live cells from cancer patients.  Dr. Anthony English, a professor of biomedical engineering said it will be cutting edge research that could lead to the production of more cost-effective personalized cancer treatments.

According to analysis from the Federation of American Societies for Experimental Biology, federal budget cuts to research funding including grants from the National Institutes of Health could mean a loss of $127 million in Massachusetts. New York coulld lose $104 million.

Jennifer Zeitzer, Director of Legislative Affairs for FASEB, said that for the Bay State, the cuts could slow a fast growing life sciences industry.

FASEB estimates that all recipient institutions may have to cut their budgets by 5.1%

FARMINGTON, Conn. (AP) — Connecticut Gov. Dannel P. Malloy is proposing a new $200 million fund to help attract and invest in more bioscience companies to the state. 

The Democrat made the announcement on Thursday during a groundbreaking ceremony for The Jackson Laboratory for Genomic Medicine, which is being built on the grounds of the University of Connecticut Health Center.

Malloy said the new bioscience fund will be part of his two-year state budget proposal, to be presented to the General Assembly on Feb. 6.

WAMC

  15 thousand people from 3 thousand companies are expected to attend this week’s Biotechnology Industry Organization convention which opened Monday in Boston. The international convention will offer state and local officials a chance to promote Massachusetts as a hub for the life sciences industry.  WAMC’s Pioneer Valley Bureau Chief Paul Tuthill has more.
       

Massachusetts has spent over $300 million in the last four years to boost the life sciences industry with administration officials insisting the initiative has been a great success.  WAMC’s Paul Tuthill reports.

           Patrick administration officials say the life sciences initiative has so far lured dozens of new companies to the state, and led existing ones to expand.   Brian Jamele of the Massachusetts Life Sciences Center says the public money that was spent leveraged almost $1 billion in private investment.