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| OVERVIEW |
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NYC Bioscience Bulletin provides the latest news and information on the thriving bioscience cluster in New York City. Visit www.nycbiotech.com for more information on how NYCEDC can assist your business. |
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| IN THE NEWS |
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Bristol-Myers Squibb Offers $4.5B for ImClone
NYC-headquartered Bristol-Myers Squibb Company recently announced their proposal to enter into an agreement to acquire NYC-based ImClone Systems Incorporated, a global leader in the development and commercialization of novel antibodies to treat cancer, for $4.5 Billion. The New York City-based companies are partners on Erbitux for use as a colon and head-and-neck-cancer treatment. They are also currently co-developing Erbitux for lung cancer therapy. |
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Callisto Pharmaceuticals Subsidiary Raises $3M
NYC-headquartered Callisto, a biopharmaceutical company focused on the development of new drugs to treat various forms of cancer, announced that its subsidiary Synergy Pharmaceuticals closed a $3 million private placement. The proceeds of the private placement will be used to fund Synergy's compounds to address chronic constipation and constipation-predominant irritable bowel syndrome. |
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Key Discovery at Albert Einstein College of Medicine
Scientists at New York City's Albert Einstein College of Medicine of Yeshiva University discovered that age-related decline pronounced in Alzheimer's, Parkinson's disease, and other neurodegenerative disorders, may be prevented by maintaining efficient protein clearance in liver cells. See press release for more information. |
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Stem Cell Breakthrough Helped by NYC Researchers
Scientists from the New York Stem Cell Foundation along with Columbia and Harvard Universities have produced human stem cell lines from the cells of patients afflicted with a version of amyotrophic lateral sclerosis (ALS), commonly known as Lou Gehrig's disease. This scientific achievement marks the first time scientists have replicated in a laboratory the specific human cells affected by the disease. See press release for more information. |
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Top Patents Coming Out of NYC
NYC has a strong showing based on the 25th Annual List of the top organizations receiving U.S. patents issued by The Intellectual Property Owners Association (IPO). Of the top 47 companies in the Bio/Pharma category, NYC-based companies Pfizer Inc. ranked #10 with 228 patents; Bristol-Myers Squibb ranked #12 with 164 patents; Columbia University ranked #42 with 55 patents; Cornell Research Foundation ranked #44 with 54 patents. |
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Company Spotlight: Clinilabs
By locating in NYC, Clinilabs has seen great benefits from tapping into the City's valuable talent pool. Specializing in clinical development of CNS and CV therapeutics, Clinilabs Inc. has grown rapidly to 180 employees. “New York City has been the ideal location to build a life sciences company,” said Dr. Gary Zammit, President & CEO. “The City's academic institutions are the source of an exceptionally talented labor force and, at 6%, Clinilabs has one of the lowest staff attrition rates among CROs.” Founded in 2001, the company has realized exceptional performance with repeat clients that include 7 of top 20 pharmaceuticals and 7 successful NDAs in 6 years. |
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