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IIB: BioCrossroads Celebrates 20 Years of Growing State’s Life Sciences Sector

Raquel Bahamonde2022-03-07T08:15:39-05:00March 7, 2022|

BioCrossroads, the life sciences initiative of the Central Indiana Corporate Partnership (CICP), is marking 20 years of growing the sector in Indiana. In that time, the life sciences sector in the state has grown to be an $80 billion industry. BioCrossroads has also invested in more than 500 startups through three venture capital funds. BioCrossroads President and CEO Patty Martin recently talked with Inside INdiana Business host Gerry Dick about the past 20 years and what is next for the sector. [WATCH] (Source: Inside INdiana Business, BioCrossroads)

BioCrossroads celebrates two decades of advancing Indiana’s life sciences sector

Raquel Bahamonde2022-02-14T10:36:13-05:00February 14, 2022|

INDIANAPOLIS (Feb. 14, 2022) ̶ Back in the early 2000’s no one had a doubt that Indiana was home to world-class life sciences assets, but the community was missing the opportunity to collectively advance its strengths. A coalition of organizations and business leaders decided to ensure that Central Indiana and the entire state, took advantage of the sector. With a more than 100-year legacy of life sciences with companies including Eli Lilly and Company, Roche Diagnostics, Cook Medical and Zimmer Biomet; a significant number of contract research and manufacturing organizations; an emerging start-up community; and three research universities, there was a lot to be gained by having the sector work collaboratively. On February 13, 2002, these stakeholders officially established the Central Indiana Life Sciences Initiative (CILSI), which would ultimately become BioCrossroads. The goal of the group—managed by the Central Indiana [...]

Pharmaceutical investments lead 2021 life sciences growth in Indiana

Raquel Bahamonde2022-02-02T08:48:08-05:00February 2, 2022|

INDIANAPOLIS (Feb. 2, 2022) ̶ In 2021, Indiana’s life sciences industry experienced strong growth in the attraction and expansion of companies across the state. Twenty-three companies committed to invest over $500 million and hire 2,100 employees. Of those 23 companies, nine committed to invest over $10 million each and two others will invest over $100 million in new Indiana facilities. Pharmaceutical and medical device companies collectively contributed 75% of the new life sciences job commitments and 94% of the projected capital expenditures. “Indiana continues to experience extraordinary growth in life sciences, thanks in part to the state’s strategic partnership with BioCrossroads,” said Indiana Secretary of Commerce Brad Chambers. “There is still enormous potential to exponentially augment 2021’s industry investment of $500 million because of Indiana’s innovative initiatives, nationally-ranked universities, and low cost of living.” Two companies, new to Indiana, account [...]

Supporting Life Sciences: A look back at BioCrossroads’ capital strategy

Raquel Bahamonde2022-07-29T14:41:04-04:00October 27, 2021|

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BioCrossroads’ seed capital strategy connects funding with innovation

Raquel Bahamonde2021-10-27T18:20:35-04:00October 27, 2021|

INDIANAPOLIS (Oct. 27, 2021) — For nearly 20 years, BioCrossroads has demonstrated a track record of organizing, developing and managing seed-stage and venture capital funds for Indiana-based life sciences start-ups. BioCrossroads’ three Indiana Seed Funds, totaling $24.25 million, have invested in 32 life sciences start-ups since 2006. Those companies have gone on to raise an additional $796 million, more than 33 times BioCrossroads’ initial investment. A new report: Supporting Life Sciences: A look back at BioCrossroads’ capital strategy details the investment results of these three investment funds that have provided important capital to Indiana’s life sciences start-ups over the last 15 years. The analysis looks at the impact of BioCrossroads’ capital strategy, which includes the development of: $6 million Indiana Seed Fund I in 2006 $8.25 million Indiana Seed Fund II in 2012, and $9 million Indiana Seed Fund III in [...]

Purdue chemistry professor and founder of Inotiv, Dr. Peter Kissinger, honored as 2021 Watanabe Life Sciences Champion of the Year

Raquel Bahamonde2021-10-14T10:57:41-04:00October 13, 2021|

INDIANAPOLIS (Oct. 13, 2021) — BioCrossroads’ Board of Directors named educator, innovator and researcher Dr. Peter Kissinger as the recipient of the 2021 August M. Watanabe Life Sciences Champion of the Year Award. The prestigious honor, named in tribute to BioCrossroads’ late Chairman August Watanabe, was given to Dr. Kissinger at today’s Indiana Life Sciences Summit. His research has helped patients around the world, and his leadership has contributed to the Indiana life sciences community. An academic, researcher and entrepreneur, Dr. Kissinger is highly recognized for his pioneering work in sophisticated techniques for drug development. He taught at Purdue University for more than 40 years, influencing thousands of students. He has helped guide multiple startup companies, including Prosoila, Phlebotics, Animated Dynamics, and Tymora Analytical. Kissinger teams have enabled painless sampling of laboratory animals that both sped up drug development and reduced the [...]

ESSENTIAL: The economic impact of Central Indiana’s healthcare and life sciences sector

Raquel Bahamonde2021-08-25T12:44:40-04:00August 25, 2021|

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New report highlights outsized impact of healthcare and life sciences sector in Central Indiana

Raquel Bahamonde2021-08-25T12:50:39-04:00August 25, 2021|

INDIANAPOLIS (August 25, 2021) – Central Indiana’s1 healthcare and life sciences sector has an $84 billion annual economic impact and directly employs more than 133,000 people and 331,000 workers indirectly, according to a new report. The study from TEConomy Partners, ESSENTIAL: The economic impact of Central Indiana’s healthcare and life sciences sector, examined the influence of decades of investments in the region as well as how the sector provides benefits to Indiana’s other industries such as manufacturing, technology and retail. The report discusses not only the economic measures of capital expenditures, wages and jobs, but also analyzes the non-traditional impacts such as access to healthcare and its influence on economic development. It also points out that the healthcare and life sciences ecosystem is larger than traditional research and development, underscoring the importance of continued investment in the sector. Key statistics [...]

2021 Indiana Life Sciences Summit features global life sciences and healthcare leaders

Raquel Bahamonde2021-08-04T08:38:13-04:00August 4, 2021|

INDIANAPOLIS (August 4, 2021) – BioCrossroads 2021 Virtual Indiana Life Sciences Summit will feature global life sciences and healthcare thought leaders who will discuss how inclusion and collaboration have changed in the two industries over the last year. The conference is Wednesday, Oct. 13 and the live stream kicks off at 10:00 a.m. Life sciences and healthcare industry speakers include: Dr. Freda Lewis-Hall, former chief patient officer and executive vice president of Pfizer, Inc./consultant at PhRMA Dr. Virginia A. Caine, director, Marion County Public Health Department Dennis Murphy, president and CEO, IU Health Dr. Peter Kim, director, Therapeutics Research Program, Division of AIDS, National Institute of Allergy and Infectious Disease, National Institutes of Health Dr. Anthony Philippakis, chief data scientist, Broad Institute Dr. Richard DiMarchi, distinguished professor of Chemistry and Gill Chair in Biomolecular Sciences, Indiana University Keynotes will be [...]

Event: New Date for BioCrossroads Indiana Life Sciences Summit

Raquel Bahamonde2021-06-15T12:25:44-04:00June 15, 2021|

The Indiana Life Sciences Summit drives conversations and provides content on important and timely topics with speakers from Indiana’s life sciences community. Coming out of a global pandemic, this year's virtual conference will focus on opportunities for the life sciences sector based on what we've learned, what needs to change and how we innovate moving forward. Local and national thought leaders will provide their insights and perspectives; we will present our annual Watanabe Life Science Champion of the Year award; and we hope to have some surprises, too. Stay tuned for more details and registration information coming in July. For sponsorship information, contact JoBeth Zimmerman. WHEN: Wednesday, Oct. 13, 2021 From 10:00 AM – 1:00 PM WHERE: Online VIRTUAL Event

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