In this issue...
Love to golf? Want to get involved with the planning and execution for one of WBBA’s short-term yet critical committees? Our golf event, held this year on August 13 at Fairwood Golf & Country Club, raises money for BIOPAC, WBBA’s political action committee. If you’d like to get involved, join us on the WBBA Annual Golf Invitational Committee for 2012. The committee kicks off in April. Come have some fun and help raise WBBA’s voice in Olympia. You just have to be a member to participate. Contact Darcy Jacobson for more information.
Would you like to be involved in the WBBA’s educational programming for the year? If so, join us on the WBBA Program Committee! The committee meets monthly to discuss and refine the programming the WBBA brings you each year. You just have to be a member to participate. Contact Darcy Jacobson for more information.
WBBA invites its members to take part in one or more of several new groups that are being formed. Learn more here.
WBBA Events in Review
The latest in life sciences.
WBBA’s first social event of the year was a huge hit, with upwards of 80 people in attendance at Matthews Winery in Woodinville. Snow deterred the event to February (formally slated for January 19), but there was nothing to deter this crowd.
Aside from the social aspect, those in attendance were treated to an intriguing presentation by Dr. Thomas Henick-Kling, Director of Viticulture & Enology at Washington State University. Dr. Henick-Kling’s talk was entitled: “Wine: the first biotech product!” and dug into the chemistry, genetics and microbiology of wine making. If you’d like to learn more, you can find his slides here!
Thanks to everyone who came out – we hope you enjoyed the wine, the company and the presentation.
Many thanks to our sponsors!
The WBBA continued its Venture Investment & Partnering (VIP) Forum series with Bristol-Myers Squibb (BMS), which presented its Corporate Overview & Partnering strategy at the Zymogenetics building on Thursday, January 12.
Martin Birkhofer, VP of Search, Evaluation, and Diligence for BMS presented information (slides available for download here) on the focus areas of interest for partnership, which include the following opportunities that enhance or support their pipeline of products to address unmet medical needs in serious disease areas:
Virology & Liver Health: Clinical and Preclinical stage opportunities
Each of these therapeutic areas was introduced as a space with core competency and established background at BMS, which they seek to evolve in addition to confirming adjacent indications and exploring new areas within each field.
Separately from the overview plenary session, BMS met privately with 10 Washington companies in one-on-one meetings to discuss specific partnership opportunities.
VIP Forums are made possible by the partnership and generous support of:
Business leaders, entrepreneurs, service providers, and government officials convened on the crisp, bright morning of Monday, February 27, for the co-sponsored Go Global Med Tech seminar and workshop held at UW Bothell’s North Creek Events Center. The UW Center for Commercialization, WBBA, and the Washington Global Health Alliance (WGHA) partnered under a Community Economic Revitalization Board (CERB) grant to put on the event, in collaboration with the Bothell Medical Device Innovation Partnership Zone (IPZ).
Mr. James F. Foley, Director at the Turner Center for Entrepreneurship & International Programs at Bradley University in Peoria, IL, opened the event with a thought-provoking case study of a domestic medical technology business that wanted access to global markets but made a few mistakes pursuing them. After a group reflection on lessons learned and the reasons to focus on developing “proactive vs. reactive” strategies for exporting, Mr. Foley then led the group in a fruitful introduction and detailed discussion of the opportunities and challenges companies in the medical technology space must meet as they plan and grow their international operations. Washington’s unique positioning as a gateway to Asia and its rich resources in programs that support export opportunities, including the Community Economic Revitalization Board’s (CERB) Export Assistance Program, were highlighted.
Foreign market selection, partner selection, risk assessment, logistics, trade finance, and regulatory (e.g., CE mark) considerations were all discussed in some detail. June Chino of the Washington State Department of Commerce and John Brislin, President and CEO of the Export Finance Assistance Center of Washington, offered specific information regarding resources available to Washington firms to help them grow internationally.
The afternoon programming included several hands-on exercises that bolstered attendees’ experience using specific databases and resources to identify goals of foreign market research and actually acquire specific data on countries, industries, and foreign companies. Participants gained a better understanding of the types of data available to support their international expansion, and how to use key databases.
Do you have a conference room or meeting facility and would like to host a WBBA event?
Please contact WBBA's Event Manager, Darcy Jacobson.