Industry News
It’s A Wrap for JPMorgan Week 2025
The 43rd annual J.P. Morgan Healthcare Week wrapped up after four days of conferences, company presentations, networking receptions and meetings across San Francisco’s Union Square and Financial Districts. Topping 20,000 steps daily to get from one venue to another was not difficult, especially given the unseasonably warm and sunny weather. This year’s event felt like…
Read MoreGovernor Whitmer Signs Bipartisan Bills Establishing Innovation Fund, R&D Tax Credit to Unleash Entrepreneurship, Lower Costs for Businesses, Create Jobs
LANSING, Mich. – Today, Governor Gretchen Whitmer signed five bipartisan bills to establish the Michigan Innovation Fund and an R&D Tax Credit. These new tools will lower costs for businesses, support innovators and entrepreneurs, and create and support good-paying jobs by ensuring businesses of all sizes have the tools and resources they need to reinvest…
Read MoreMichigan’s Bio-industry a $55.72 Billion Economic Driver
Newly released assessment shows Michigan’s life sciences industry grew by impressive numbers and retains a lead ranking nationally in several key cluster areas. Michigan, a state with a sizable biosciences cluster with a rich legacy of life science innovation now boasts of 3,319 establishments and 47,815 individuals directly employed across the state. Coupled with an…
Read MoreMichigan Launches Rare Disease Advisory Council
The Michigan Department of Health & Human Services has made appointments to a newly constituted Rare Disease Advisory Council. A rare disease is a condition that affects fewer than 200,000 people in the United States. There are more than 7,000 known rare diseases and almost 1 in 10 Michiganders suffer from a rare disorder. The…
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 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 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 MoreCayman Chemical Expands Molecular Diagnostic Research Offerings Through Partnership with PCRassays.com
ANN ARBOR, MI, JUNE 5, 2024—Cayman Chemical, a leading supplier of research tools for the life science community, has widened their portfolio to include molecular-based detection kits through a strategic partnership with PCRassays.com. PCRassays.com offers more than 200 qPCR-based assays for infectious diseases, over 50 of which are multiplex assays, including panels for wound, upper respiratory, urinary tract,…
Read MoreStryker to Acquire Artelon, Expanding Soft Tissue Fixation Solutions
Stryker (NYSE: SYK), a global medical technology leader, has signed an agreement to acquire Artelon, a company specializing in soft tissue fixation products for foot and ankle and sports medicine procedures. This acquisition aims to bolster Stryker’s capabilities in ligament and tendon reconstruction. Artelon’s synthetic technology enhances biological and mechanical reconstruction, with over 60,000 implantations…
Read MoreMichigan’s Bio-Industry Strategic Roadmap to be Updated
MichBio, the association for Michigan’s biosciences industry, announced during the 2024 Mackinac Policy Conference that it is launching a statewide effort to update the Michigan Bio-Industry Roadmap for Success. The Roadmap is a strategic plan released in early 2016 for growing Michigan’s biosciences industry into a global leader. “Michigan’s bio-industry is at a critical point…
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