MassBio & the Massachusetts BioPharma Cluster About MassBio About MassBio Our Mission: Foster a positive environment that enables each biotechnology company to achieve.
Download ReportTranscript MassBio & the Massachusetts BioPharma Cluster About MassBio About MassBio Our Mission: Foster a positive environment that enables each biotechnology company to achieve.
MassBio & the Massachusetts BioPharma Cluster About MassBio About MassBio Our Mission: Foster a positive environment that enables each biotechnology company to achieve its full potential, making Massachusetts a world center for biotechnology. 2 About MassBio MassBio represents nearly 620 biopharma companies, service providers, academic institutions, hospitals, patient organizations, foreign agencies and other industry stakeholders. The 410+ biopharma members are engaged in a wide spectrum of research & development in life sciences. MassBio Services (March 2011) Newburyport BioReadyTM Communities BioReadyCampaign Dracut Greenfield Fitchburg Leominster Pittsfield Hatfield Haverhill Lawrence North Andover Andover Gloucester Beverly Salem Billerica Reading Bedford Burlington Lynn Lexington Waltham Chelsea Westboro Framingham Watertown Worcester Newton Boston Dedham Quincy Holliston Grafton Norfolk Sturbridge Canton Northbridge Tri-Town (Southfield) Randolph Uxbridge Franklin Mansfield Brockton Gardner Lowell Chelmsford Tewksbury Devens Marlborough Easthampton Northampton Holyoke Chicopee Westfield Springfield Hopkinton West Bridgewater Attleboro Taunton Platinum Gold Savings from 20 20-80% % on everything from lab gases, lab equipment, supplies… Communities Campaign Silver Bronze State & Federal Policy Purchasing Consortium Networking & Visibility Economic Development MassBio MassBio Membership 90+ member meetings, 4,100 attendees Fall River New Bedford Annual Events MassBioEd Foundation Professional Development Innovation Services MassCONNECT Pharma Days • Investment • Mentoring • Partnering MassBioEd Courses, MassBio Committee Meetings Plymouth Cambridge Everett Somerville Savings MassBio negotiates a broad-based collection of contracts and services on behalf of member companies resulting in the most competitive pricing, large volume rebate incentives and specialized customer service 5 Access to the Network Meet new people, learn about trends in the industry, & develop relationships with potential partners at our Forums. Adventures in Biotech: The Series! The Billion Dollar Molecule Revisited Sex, Drugs & Rock & Roll: The story of Viagra The Use of Social Media in FDA Regulated Business: Impact on Patient Recruitment, Product Marketing & Regulatory Compliance Catalyzing Innovation – The Critical Success Factors for Pharma-Academia Collaboration Everything You Wanted to Know About Protocol Violations but were Afraid to Ask 6 Access to the Network Connect with people you have to know & increase your visibility. Annual Events Open Houses Supplier Series Trade Shows Policy Breakfast Annual Golf Classic Members-Only Resources HRonline KnowledgeBase Careers Portal Member News Calendar of Events 7 Business Development Find your next partner, collaborate, and accelerate innovation. • Annual Meeting: Don’t miss our signature scientific event for dynamic keynote presentations, panel discussions, interactive working sessions, poster presentations & extensive networking opportunities (April 3-4, 2014) • MA CRO CMO Symposium: Now in its third year, the Massachusetts CRO/CMO Symposium shines a spotlight on the strength and success of the CRO and CMO communities in the Commonwealth. (May 5, 2014) • BioPharm America: Attend this annual parterning conference & utilize partneringONE (September 2014) 8 Innovation Services Pharma Days Innovation Services MassCONNECT About MassBio Innovation Services Accelerate early stage innovation Business Development Access to the Network Savings Advocacy In depth gap analysis of the business model De-risk opportunities Define market needs Create Connections within the industry Get Started Bio/pharma networks VC and other funding networks Collaborate with other accelerators and incubators Strong network to identify and source start-ups Referrals to and from other accelerators MassCONNECT mentoring model adopted by BayBio & Indiana Bio 10 MassCONNECT MassChallenge MA Tech Transfer Center SoPE MA Research Hospitals MassCONNECT University of Massachusetts LabCentral Tufts Medical Center Harvard Innovation Services MassCONNECT Cycle I 2014 About MassBio Aldatu Biosciences Innovation Services Business Development Access to the Network Savings Advocacy Point of care diagnostic for HIV drug resistance Resilience Pharma Novel molecular pathway underlying PTSD Get Started MGH NewCO. Small molecule therapeutic for VHL disease GlucoWise Non-invasive glucometer for Diabetics Aldatu and Resilience semi-finalists in OneStart 12 GlucoWise winner MIT/Sloan Building Global Innovators Advocacy About MassBio Innovation Services Business Development Access to the Network Savings Advocacy Get Started Policy: We are the voice of the industry on Beacon Hill & Capitol Hill. Economic Development: We help members with: Lab & office space Tax incentives Grants Workforce Development: We work with our sister organization, MassBioEd on preparing the workforce and filling the pipeline. 1 3 Advocacy Economic Development & Global Affairs About MassBio Innovation Services Assisting Companies locate and grow in MA Business Development Access to the Network Savings Promoting the Massachusetts Cluster Advocacy • BioLeads Meetings • Guidance on incentives • Case management • 50+ active leads on average • Marketing materials • Trade missions/BIO • Coordination with state agencies Get Started Competitiveness • EDAG Initiatives • BioReady TM Communities (October 2009) Dracut Greenfield Gardner Hatfield Haverhill Newburyport Lawrence North Andover Andover Gloucester Beverly Salem Billerica Reading Bedford Burlington Lynn Lexington Waltham Chelsea Framingham Worcester Watertown Newton Boston Holliston Dedham Grafton Norfolk Northbridge Canton Franklin Tri-Town (Southfield) Randolph Mansfield Brockton Fitchburg Leominster Pittsfield Lowell Chelmsford Tewksbury Devens Marlborough Easthampton Northampton Holyoke Chicopee Westfield Springfield Sturbridge Cambridge Everett Somerville West Bridgewater Attleboro Taunton Platinum Gold Fall River New Bedford Silver Bronze Industry Data & Analysis Global Relationships • Annual Industry Snapshot • Industry data for members • 17 Foreign agency members • Host 20 delegations annually MassBio Leading Job Listings as % of Total Listings 12.0% 10.0% 8.0% Feb. 08 Sept. 08 Feb. 09 , 2001-2008* Sept.yment 09 gy Emplo tts Biotechnolo Massachuse 6.0% 4.0% 2.0% 50,000 0.0% l ch ar lat or y Re se Re gu l e nc ca nt ro Co su ra ty As ali ty Qu /IT rin g IS ini tu m en t Cl lop ve Pr e- an uf ac De M ali s es Pr oc 35,000 Qu l t y er en ov pm sc Di ve lo ug De Dr ug Bi 40,000 Dr ry gy ica olo Cl in m ist Bi Ch em he oc ist 45,000 42.6% Growth Since 2001 30,000 25,000 20,000 15,000 10,000 2001 2002 2003 2004 2005 2006 2007 2008 MassBio Economic Development & Global Affairs MassBio assists the growth of the biotechnology industry in Massachusetts by: * pursuing strategies to maintain/improve the competitiveness of the cluster; and * providing direct services to biotech companies considering entry to or expansion in Massachusetts. Why Massachusetts? 550 430+ Biopharma Biotech Companies 9 of the Top 18 Top 5 122 NIH funded NIH funded Research Research Hospitals Hospitals Colleges & Universities 1st in 1st in Education Level of workforce (US) Workforce Venture Capital & federal SBIR funds research per worker funds per worker Supportive Local, State Government Life Sciences Initiative Biotech Caucus The $1 Billion Massachusetts Life Sciences Initiative – Enacted in 2008 Over time, the industry demonstrated its value, commitment to the region, and promise for the future . . . and state government responded. • 10 years • $1 billion Investment III. History Kendall Square, 1960 Kendall Square, 1970 60% $564 million 2013 NIH Research Funding - Longwood Medical Area - Bo Brigham and Women’s $315,919,592 Harvard Medical School $200,413,466 Children’s Hospital Boston $126,812,298 Dana Farber Cancer Institute $115,844,948 Beth Israel Deaconess $118,785,811 Harvard School of Public Health $120,611,357 2013 World Series Champions Industry History Massachusetts Biotech Timeline 1953 Double helix of DNA explained by Watson & Crick Biogen founded 1978 1980 1981 1985 U.S. Supreme Court approves patenting of recombinant life forms, Passage of Bayh-Dole Act Genzyme founded MassBio becomes the 1st biotechnology industry association Map of the human genome is completed Novartis locates Global Research HQ in Cambridge, MA 2000 2002 2003 MassBio issues Biotech 2010 Report BMS chooses to build $1b facility in Devens, MA 2006 2008 $1 B Massachusetts Life Sciences Initiative enacted Experienced Leadership: Network Effect in Industry Hyperion Therapeutics bluebird bio Five Prime Therapeutics Antigenetics FFE Therapeutics Thrombolytic Science International Zyngenia Hydra Biosciences Talent Predictive Biosciences Exact Sciences Corp Declion Holdings OvaScience Peptimmune Catabasis Verastem rEVO Biologics Candela Aronex PureTech Ventures Glyco Solutions Genzyme GTC Biotherapeutics Cubist OXiGENE Proteon Therapeutics Ocular Therapeutix Abazyme Sarepta Novavax Intercell Flatley Discovery Lab Patho Genetix Procept Gallus Biopharmaceuticals Viscus Biologics TetraLogic Columbia Laboratories Red Sky Partners Link Medical Group Neuron Systems Aldexa Therapeutics CXO Position after Genzyme 1st 2nd 3rd 4th Note: Representative sample of previous Genzyme employees with CXO title at companies joined after Genzyme. 43 companies excluding Genzyme. Source: Health Advances analysis, LinkedIn. Cluster Analysis CONFIDENTIAL — November 2013 — DRAFT — 23 Experienced Leadership : Non-profit Research Company Creation Acusphere AIR Arsenal BIND Biosciences Blend Therapeutics Echo Therapeutics Enzytech (Acq. by Alkermes) Gecko Biomedica InVivo Therapeutics Kala Living Proof Microchips Moderna Momenta PixarBio Pervasis Pulmatrix Selecta Biosciences Seventh Sense SQZ Biotech Taris Transform T2 http://www.polarispartner s.com/about/strategy/rep eat-entrepreneurs/ Networks: Entrepreneurs Associate Professor Harvard Medical School Omid Farokhzad, M.D. Director, Laboratory of Nanomedicine and Biomaterials, Brigham & Women’s Hospital Bind Therapeutics Selecta Biosciences Blend Therapeutics