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APRIL 2009

Bioscience Bulletin

Sponsored by New York City Economic Development Corporation

In the News
NYC Company Spotlight
Events
Lab Leasing Opportunities

NYC Bioscience Bulletin provides the latest news on the thriving bioscience cluster in New York City. Visit www.nycbiotech.com for more information and be sure to download our NYC Bioscience Year in Review.

East River Science Park
Bio BAT
IN THE NEWS

Enzo Acquires Assay Designs

NYC-based Enzo Biochem has acquired Assay Designs, which sells assay kits to detect and quantify small molecules and proteins. Enzo, with annual revenues of $100M, is a leading life sciences and biotechnology company focused on harnessing genetic processes to develop research tools, diagnostics and therapeutics.

NIH Announces $200M Funding Program

NIH has designated at least $200M for a new initiative called the NIH Challenge Grants in Health and Science Research. This new program will fund 200 or more grants to support research projects which address specific scientific and health research challenges in biomedical and behavioral research. Small bioscience businesses are eligible to apply for grants under this program. Act fast!! The due date is April 27, 2009.

Pfizer Cancer Drug Success

A Phase 3 Clinical trial of Pfizer cancer drug Sutent was halted early after the drug showed significant benefits in patients with advanced pancreatic neuroendocrine tumors, a rare cancer with limited treatment options. NYC-based Pfizer is the world's largest research-based pharmaceutical company.

Rockefeller's Natural Approach For HIV Vaccine

Scientists at NYC-based Rockefeller University have identified a wide range of natural antibodies in “slow-progressing” HIV patients that fights the virus. Their research suggests that an effective vaccine could be developed by using a team of natural antibodies that target several parts of the HIV virus.

Investor Opportunities at NYBA Conference

A Company Showcase has been added to the New York Biotechnology Association’s 18th Annual Meeting to introduce regional bioscience companies to the investor community. Presenting companies will be exposed to VCs, investment banks, and business development professionals. The Showcase currently has 16 companies participating including NYC-based Intra-Cellular Therapies, Thrombogenics, Enzo, NexGenix, and Cynvec. Also at the Meeting, NYCEDC will host an SBIR panel featuring Kay Etzler, NIH SBIR/STTR Program Analyst.

Tap into a $2.5B R&D Resource

On May 6th, NYCEDC will host an exclusive one-day workshop on SBIR/STTR proposal preparation. The workshop is open only to NYC bioscience companies and NYC life science academic research faculty. To register or for more information email sbir@nycedc.com.

NYCEDC's NYC Bioscience Breakfast Roundtable

Deputy Mayor Bob Lieber recently hosted a Biotech Breakfast Roundtable to discuss and plan the continued growth of the bioscience industry in New York City. The event brought together the leaders of NYC’s biotech companies and NYC’s venture capital firms investing in healthcare.

NYCEDC Exhibiting at BIO 2009

NYCEDC's bioscience team will be available for one-on-one meetings at BIO 2009 in Atlanta. The New York Academic Consortium will partner with NYCEDC at the BIO conference and will be available to discuss their recent collaborative activities. Contact Lenzie Harcum to learn more.

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NYC COMPANY SPOTLIGHT
Intellect
Intellect Neurosciences, Inc.

Intellect Neurosciences, Inc. is a development-stage biopharmaceutical company engaged in the discovery and development of therapeutic products designed to slow, arrest and ultimately prevent Alzheimer's disease and other serious aging disorders. Intellect Neurosciences recently granted a license to a major pharmaceutical company regarding treatments to combat the progression of Alzheimer’s disease and methods of treatment.

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EVENTS
april

BIO-Windhover 2009
New York Marriott Marquis

13-15
april

NYBA Annual Meeting
New York Marriott Marquis

20-21
April

Exit Strategies at a Crossroad
PricewaterhouseCoopers

28
May

SBIR Funding Proposal Workshop
Columbia University

6
may

BIO International Convention
Georgia World Congress Center

18-21
Visit the NYC Bioscience Initiative web site for a complete calendar of events.
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LAB LEASING OPPORTUNITIES

Audubon Incubator at Columbia University Medical Center

BioBAT at Brooklyn Army Terminal

Commercial Synthetic Chemistry Facility at SUNY Downstate Biotechnology Park

East River Science Park

Incubator at SUNY Downstate Biotechnology Park

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NYCEDC

For more information on the latest Bioscience activities in New York City and how NYCEDC can assist your business, visit us at www.nycbiotech.com or contact Lenzie Harcum at 212-312-3806.