Posts by jamiek
ONL Therapeutics Closes $65 Million in Oversubscribed Series D Financing
ANN ARBOR, Mich., September 13, 2024 – ONL Therapeutics, Inc., a clinical-stage biopharmaceutical company developing novel therapies for protecting the vision of patients with retinal disease, today announced that it has secured $65M in Series D financing. Johnson & Johnson Innovation – JJDC, Inc. led the round that was backed by a consortium of investors that included…
Read MoreCMS Finalizes Expedited TCET Coverage Pathway
The Centers for Medicare & Medicaid Services (CMS) finalized a new Transitional Coverage for Emerging Technologies (TCET) Pathway to expedite Medicare coverage of some FDA-approved breakthrough products. Under this finalized pathway, eligible US Food and Drug Administration (FDA) designated breakthrough devices that fall within a Medicare benefit category can obtain national coverage for several years…
Read MoreFirst Drugs Subject to Inflation Reduction Act Price Provisions
The Centers for Medicare & Medicaid Services (CMS) announced recently the prices that they have set for the first 10 medications as an outcome of the Inflation Reduction Act’s drug provisions. For the first time, the law provides Medicare the ability to directly “negotiate” (in effect, set, as otherwise significant penalties are imposed) the prices…
Read MoreFTC HOLDS PUBLIC MEETING ON PBMs
The Federal Trade Commission (FTC) held a virtual open meeting on the heels of issuing its Interim Report on Pharmacy Benefit Managers (PBMs). A press release summarized the report’s findings. Members of the public and other stakeholders provided arguments for PBM reform at the virtual meeting, citing the many ramifications that PBM business practices have had on patient…
Read MoreTransPharm Preclinical Solutions: Pioneering Infectious Disease Research from Jackson, MI, with a Global Reach – MichBio Member Feature
On January 22nd, 2007, Pfizer Global Research and Development in Ann Arbor closed its doors, resulting in thousands of job losses. Just two days later, Dan Ross established TransPharm Preclinical Solutions. Ross’s motivations for starting the company were numerous, with the loss of his beloved job being a significant factor. Determined to continue working in…
Read MoreState Supports Establishing Innovation Evergreen Fund
A new $60 million Michigan Innovation Fund to help launch Michigan-based startups got the support of the Michigan legislature last month, as it was included in the $82.5 billion state budget lawmakers passed for the 2025 fiscal year. While the $60 million met most lawmakers’ expectations, three House representatives are sponsoring a pending bill package that would…
Read MoreMichBio Helps Sell Michigan LifeSciences at SelectUSA Summit
MichBio was honored to be part of Team Michigan at the SelectUSA Investment Summit, the highest profile event in the United States to facilitate business investment by connecting thousands of investors, companies, economic development organizations (EDOs), and industry experts to make deals happen. Hosted by the U.S. Department of Commerce, the Investment Summit is a one-stop shop for…
Read MoreProposed USPTO Rules Likely to Cause Harm
The US Patent & Trademark Office (USPTO) has issued a Notice of Proposed Rulemaking (NPRM) regarding Terminal Disclaimer Practice to Obviate Nonstatutory Double Patenting. The intent is to make it cheaper and easier to strike down whole families of patents to prevent them “from potentially deterring competition.” “BIO [Biotechnology Innovation Organization] believes that the proposed…
Read MoreMichBio Attends 2024 BIO Convention As State Ambassador
Stephen Rapundalo, PhD, MichBio President and CEO and Emily Brockman, Director, Member Relations, joined the Michigan Economic Development Corporation (MEDC) in hosting the State of Michigan Pavilion at this year’s BIO International Convention, the largest global event for the biosciences industry. The 2024 event witnessed 19,500 industry leaders attending from 70 countries, and a record…
Read MoreNew One-Day Surface Metrology and Tribology Class, November 14, 2024
LIVONIA, MI (July 7, 2024) – Registration is now open for the new one-day Surface Metrology and Tribology class which will be held in Livonia, Michigan, Nov. 14, 2024. The 1-day class offers a unique opportunity to learn the fundamentals of surface roughness, friction, and wear analysis, and their applications in manufacturing and product development.…
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