Indiana’s life sciences industry continues to rank among the top 10 in national report

2022-11-14T10:08:42-05:00November 14, 2022|

INDIANAPOLIS (Nov. 14, 2022) – The State of Indiana, as well as seven Hoosier cities, have once again been recognized for their national life science strengths, according to Biotechnology Industry Organization (BIO) and TEConomy Partners’ biennial survey of the U.S. life sciences industry. The report, The U.S. Bioscience Industry: Fostering Innovation and Driving America’s Economy Forward, measures growth in the biosciences sector* from 2018 to 2021 for the entire country and each of the fifty states. Indiana continued its top 10 employment ranking in the life sciences, with a sizeable workforce and industry concentration in the areas of agriculture feedstock and chemicals, drugs and pharmaceuticals, and medical devices and equipment. The state is also one of only eight states with employment specializations in three of five bioscience sectors. In addition, Indiana is ranked third for academic biosciences research and development [...]

New report tracks 20 years of BioCrossroads and life sciences industry’s success

2022-10-06T13:41:14-04:00October 6, 2022|

INDIANAPOLIS (Oct. 6, 2022) – Today, BioCrossroads released a new report from TEConomy that follows the impact of BioCrossroads and Indiana’s life sciences sector over the last two decades -- BioCrossroads and the Indiana Life Sciences Ecosystem: Tracking Two Decades of Progress and Charting a Path for Sustained Success. The study highlights statistics that include the life sciences sector’s outperformance of Indiana’s economy since 2001 and outsized portion of total new jobs in the state over the past two decades. The report points out that “over the course of the next decade, it is expected that the life sciences will remain a key strategic driver of economic development in Indiana.” Although the life sciences represented just over 2% of the state’s total jobs in 2020, they contributed 23.7% net new jobs from 2001 to 2020. Of the nearly 50,000 new [...]

Nora Doherty recognized as 2022 Watanabe Life Sciences Champion for strategic and meaningful impact on Indiana’s life sciences industry

2022-09-26T10:06:27-04:00September 22, 2022|

In addition to receiving the August M. Watanabe award, Doherty also received the Sagamore of the Wabash, the state's highest honor, from Indiana Gov. Eric J. Holcomb. INDIANAPOLIS (Sept. 22, 2022) — BioCrossroads’ Board of Directors today named former executive vice president of strategy of BioCrossroads and managing director of the Indiana Seed Funds, Nora Doherty, as the recipient of the 2022 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 Doherty at today’s Indiana Life Sciences Summit and 20th Anniversary CELLebration. Some of Doherty’s most significant achievements included developing a market for Indiana’s life sciences start-ups, including forming and managing funding mechanisms, engaging with universities and start-ups, and organizing new enterprises. Recognizing the need for early stage or seed stage capital, BioCrossroads, [...]

BioCrossroads announces 23 PAIR (Promising Achievers in Innovation and Research) winners

2022-08-24T07:44:36-04:00August 24, 2022|

INDIANAPOLIS (August 24, 2022) -- BioCrossroads today announced the winners of its inaugural 23 PAIR (Promising Achievers in Innovation and Research), a new recognition program that celebrates and promotes the state’s next generation of life sciences leaders. Award winners have exhibited significant industry or academic impact and success and are in the early stages of their careers. “People are such a critical component of Indiana’s life sciences industry, and we’re thrilled to recognize some incredibly talented Hoosiers for their work,” said Lori LeRoy, executive vice president of communications for BioCrossroads. “Our inaugural group of winners is already making their marks in the life sciences industry whether it’s directing clinical trials, performing groundbreaking research, communicating information, developing IT protocols, or analyzing data.” 2022 23 PAIR WINNERS: Carly Streicher Labcorp Drug Development Casey Lillibridge Inotiv Daniel Sheik Amplified Sciences Duchess Adjei Beckman [...]

New report highlights impact and growth of healthcare and life sciences sector in Northeast Indiana region

2022-07-28T12:13:08-04:00July 28, 2022|

Fort Wayne, Ind. (July 28, 2022) – Indiana’s northeast region, an 11-county area* including Fort Wayne and Warsaw, saw healthcare and life sciences jobs grow by more than 11% between 2015 and 2020, outpacing overall private sector growth of 2 percent. The sector contributes a $16 billion annual economic impact and employs more than 48,000 people, according to a new report. The study from TEConomy Partners, ESSENTIAL: The impact of healthcare and life sciences sector in Indiana’s northeast region, examined the influence of decades of investments in the region as well as how the sector provides benefits to their other industries such as manufacturing, technology and retail. In addition, average yearly wages in the healthcare and life sciences for northeast Indiana are nearly $68,000, nearly $25,000 above their private sector counterparts. “The healthcare and life sciences sector is an important [...]

New BioCrossroads report highlights impressive impact of healthcare and life sciences sector in Uplands region

2022-06-16T13:48:48-04:00June 16, 2022|

BLOOMINGTON, Ind. (June 16, 2022) – The Indiana Uplands region’s healthcare and life sciences sector has a $9.5 billion annual economic impact and employs more than 23,000 people in the eleven-county area1, according to a new report. The study from TEConomy Partners, ESSENTIAL: The impact of healthcare and life sciences sector in the Indiana Uplands region, examined the influence of decades of investments in the region as well as how the sector provides benefits to their other industries such as manufacturing, technology and retail. The sector has seen a rapid 18 percent job growth since 2015, well outpacing overall private sector growth of 2 percent. In addition, average yearly wages in the healthcare and life sciences for the Uplands region are nearly $63,000, $23,000 above their private sector counterparts. “The Uplands region has one of the highest concentrations of life [...]

New BioCrossroads report highlights significant impact of healthcare and life sciences sector in Indiana

2022-06-15T10:54:04-04:00June 15, 2022|

INDIANAPOLIS (June 15, 2022) –Indiana’s healthcare and life sciences sector has a $150 billion annual economic impact; directly employs one in every ten jobs in the state (more than 383,000 people); and has a substantial presence in the corporate and university sectors, according to a new report. The study from TEConomy Partners, ESSENTIAL: The impact of healthcare and life sciences sector in Indiana, examined the influence of decades of investments in the state 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, [...]

BioCrossroads’ new talent program recognizes the next generation of life sciences leaders 23 PAIRs (Promising Achievers in Innovation and Research) nominations are open

2022-06-02T12:04:16-04:00June 2, 2022|

INDIANAPOLIS, (June 2, 2022) -- People are the most valuable resource to Indiana’s life sciences sector -- those who are innovating, discovering, developing and delivering critical pharmaceuticals and biotech products, medical devices, equipment, and diagnostics as well as researching and creating new protocols to accelerate getting life improving and lifesaving products to patients all over the world. BioCrossroads today announces 23 PAIR (Promising Achievers in Innovation and Research), a new recognition program that will celebrate and promote the state’s next generation of life sciences leaders. Criteria for the award includes that a nominee should: Work at a life sciences company or be an academic researcher within Indiana’s life sciences ecosystem Demonstrate significant industry or academic impact and success Have full-time employment or other work-and-learn experience such as an internship, co-op, or research position Experience of 10 years or less in the [...]

Indiana’s life sciences companies accessed more than $15 billion to grow innovation in 2021

2022-04-19T08:03:19-04:00April 19, 2022|

INDIANAPOLIS (April 19, 2022) - More than $15 billion of capital was accessed by Indiana’s life sciences companies in 2021. BioCrossroads today issued their annual report, Indiana Life Sciences Capital 2021, which provides details on the funding events throughout the year, including: $6.5 million in Small Business Innovation Research (SBIR) awards to 17 companies A record $433.5 million in Venture Capital invested in 39 companies $508 million accessed through public markets by four companies $13.7 billion+ spent to acquire innovation representing 13 transactions $521 million in capital to establish, expand, or upgrade facilities by 23 companies Most noteworthy were the increases in venture capital and merger and acquisition amounts. Indiana had 39 life sciences companies raise $433.5 million in 2021, an increase of almost $200 million over 2020. Investments ranged from a low of $20,000 to a high of over $200 [...]

BioCrossroads releases 2021 annual report

2022-03-28T09:34:42-04:00March 28, 2022|

In addition to global health contributions through medical innovations such as the manufacturing of three COVID-19 vaccines, Indiana’s vibrant and unique life sciences industry continues to make a significant impact on the state through its economic strength, contributing more than $79 billion in 2021. In 2021, BioCrossroads focused on collaborations among industry, academic, government and philanthropy; building the entrepreneurial ecosystem through seed investments; and establishing unique sector assets, such as sector-focused educational and market knowledge reports and analysis. In addition, a partnership with the Indiana Economic Development Corporation resulted in world-class companies expanding and building new facilities in the state to take advantage of life sciences assets. Talent also remains central to growth in Indiana’s life sciences sector, and BioCrossroads is highlighting young talent and growing companies through the Career TraX project. [READ ANNUAL REPORT]

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