Navigation Links
Governor Rendell Says Life Science Industry Will Fuel New Breakthroughs, Generate Jobs for Decades to Come
Date:12/15/2008

stments have placed Pennsylvania number three in employment by venture capital-backed companies, according to The National Venture Capital Association.

"Through 2007, our life sciences greenhouses received more than 800 applications requesting nearly $315 million. Today, there are more requests for funding than is available," the Governor said. "Additional funding and support to entrepreneurs, especially in the early stage, is critical to ensuring that Pennsylvania remains on the forefront of medical innovation.

"These investments are not only creating jobs and leveraging dollars for the commonwealth, they are fueling our talented researchers with the support they need to develop the next big medical innovation that will improve the lives of millions of people around the globe," Governor Rendell said.

As an example, the Governor said Neuronetics Inc., a privately held medical device company based in Malvern, Chester County, recently won U.S. Food and Drug Administration approval for a breakthrough treatment that will help thousands of people who suffer from depression. NeuroStar TMS (Transcranial Magnetic Stimulation) therapy system is the first and only non-systemic and non-invasive treatment cleared for patients who have not benefited from prior antidepressant treatment.

Neuronetics is a portfolio company of Quaker BioVentures -- one of the four private venture firms selected by the Tobacco Settlement Investment Board to manage and leverage $60 million. According to the TSIB 06-07 annual report, Quaker's return on investment is 26-to-1.

Pennsylvania is number one in the nation in biosciences, according to a study by Business Facilities magazine. The study cited "the diversity and depth of Pennsylvania's initiatives" in giving it its top ranking. It used more than 20 criteria to develop its list, including the amount of state research and development
'/>"/>

SOURCE Pennsylvania Office of the Governor
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Rhode Island Governor Donald L. Carcieri and Dr. John C. Zolper, Vice President, Raytheon Company to Speak at IMAPS 2008
2. Pennsylvania Governor Rendell Says State Number 1 in New Biotechnology Study
3. Pennsylvania Governor Rendell Breaks Ground for Global Pharmaceutical Services Companys North American Headquarters
4. Governor Perdue Announces Georgia Selected as Home for New National Health Museum
5. Governor Patrick Announces Life Sciences Initiative Victory With Organogenesis New Headquarters
6. MichBio Responds to Governors Plan to Repeal Tort Reform Laws
7. Massachusetts Governor Deval L. Patrick Pays Visit to WuXi PharmaTech
8. HUYA Bioscience Announces Agreement to Provide Schering-Plough With Drug Development Candidates From China
9. Pressure BioSciences, Inc. and Omni International Announce Marketing, Distribution, and Technology Development Agreement
10. Alimera Sciences Begins Pilot Study to Assess Safety and Efficacy of Iluvien(TM) in Patients With Bilateral Geographic Atrophy Due to AMD
11. McCulley/Cuppan Announced Today The Launch Of A New Series Of Web-Based Training Programs For Professionals In The Biopharmaceutical And Life Science Industries
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/26/2015)... 2015 ReliantHeart, Inc., an innovative supplier ... supplier of precision transit-time flow measurement solutions, are collaborating ... the efficiency of the HeartAssist5® Left Ventricular ... experience greater mobility and peace of mind. , ... board, will draw 1/6th of the power required by ...
(Date:3/25/2015)... one of the most attractive in the emerging European ... growing economy and increasing government investment in healthcare, according ... market is set to grow at twice the pace ... 10-15% annually reaching an approximate market value of $43-60 ... Green Cross provides total healthcare solutions that address ...
(Date:3/25/2015)... March 25, 2015 The surging ... smartphones have fuelled social media growth, with over ... engaged in social networking. Insurance companies are making ... with clients and promote a diversity of their ... are increasingly exploiting social networking services as part ...
(Date:3/25/2015)... Mass. and REYKJAVIK, Iceland , ... capabilities for using the genome to create better medicine, today ... the largest studies of whole-genome data yet undertaken. ... Nature Genetics – are built around the most ... a team of deCODE scientists led by Kari Stefansson ...
Breaking Biology Technology:LVAD patients to have greater mobility and peace of mind through Transonic and ReliantHeart’s True Flow collaboration for the HeartAssist5® 2LVAD patients to have greater mobility and peace of mind through Transonic and ReliantHeart’s True Flow collaboration for the HeartAssist5® 3Social Media Role in Global Insurance Industry Examined by Timetric in New Market Research Report Published at MarketPublishers.com 2Social Media Role in Global Insurance Industry Examined by Timetric in New Market Research Report Published at MarketPublishers.com 3Landmark deCODE Studies Demonstrate the Power of Truly Big Genomics for Improving Medicine Worldwide 2
... California and AMSTERDAM, October 3, 2011 ... that the company successfully completed a recent, routine inspection ... and Drug Administration (FDA). Agendia received FDA 510(k) clearance ... 2007. It remains the first and only test of ...
... Biopharmaceuticals, Inc. (Inspiration) today announced that the European Medicines ... the Marketing Authorization Application (MAA) for Inspiration,s IB1001, a ... prevention of bleeding in individuals with hemophilia B.  In ... begin its regulatory review process of the MAA. ...
... GRAZ, Austria, September 30, 2011 ... attracts international attention with a big mile stone. ... validated CNAP blood pressure wave offers the possibility ... the recently released product innovation CNAP-PPV, proves to ...
Cached Biology Technology:Agendia Successfully Completes Bi-Annual FDA Inspection 2Inspiration Biopharmaceuticals Announces Acceptance of European Marketing Authorization Application for IB1001 for the Treatment of Hemophilia B 2Inspiration Biopharmaceuticals Announces Acceptance of European Marketing Authorization Application for IB1001 for the Treatment of Hemophilia B 3International Study Confirms CNSystems-Technology 2
(Date:3/26/2015)... TORONTO , March 26, 2015 ... premier family, social, recreation and athletic club, today announced ... designed to allow freedom of movement for members and ... "Following a comprehensive process, we selected FST,s IMID ... sophistication and convenience for our members and staff, in ...
(Date:3/24/2015)... 2015 Research and Markets ( http://www.researchandmarkets.com/research/hdgz7h/global_iris ... Iris Recognition Market 2015-2019" report to their offering. ... market to grow at a CAGR of 23.5 percent ... the present scenario and the growth prospects of the ... calculate the market size, the report considers the revenue ...
(Date:3/24/2015)... --Research and Markets ( http://www.researchandmarkets.com/research/kvdtcw/face_and_voice ) has announced the ... Business Report" report to their offering. This report ... Thousands by the following Segments: Face Biometrics, and Voice Biometrics. The ... , Japan , Europe ... & Africa , and Latin ...
Breaking Biology News(10 mins):Granite Club First Private Club in North America to Implement FST Biometrics Secure Access Solution, as Part of Multi-million Dollar Expansion 2Global Iris Recognition Market 2015-2019 with 3M Cogent, Bioenable Technologies, Cross Match Technology, Iris ID Systems & Safran Dominating 2Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 2Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 3Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 4Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 5Face and Voice Biometrics - Global Strategic Business Report 2015: Face Recognition Gains Prominence in Immigration Control 6
... have shown that some simple biodegradable liquids can stop ... could significantly impact medicine. , When the liquid, composed ... wounds, the peptides self-assemble into a nanoscale protective barrier ... the injury heals, the nontoxic gel is broken down ...
... Now, a St. Louis-area teenage boy and a computer ... conducted by a team of neurosurgeons, neurologists, and engineers ... boy, a 14-year-old who suffers from epilepsy, is the ... Invaders, using only the signals from his brain to ...
... study appearing in the forthcoming issue of The American ... Svata M. Louda (all of the University of Nebraska, ... eaten at the same rate. , Plant-insect ecologists ... quality or defective chemistry of plant tissues. However, the ...
Cached Biology News:MIT material stops bleeding in seconds 2MIT material stops bleeding in seconds 3Teenager moves video icons just by imagination 2Teenager moves video icons just by imagination 3
One bottle containing 30 ml of protein solution and 0.1% sodium azide....
No description available in Ensembl Antigen: Recombinant Protein Epitope Signature Tag (PrEST)....
Used in May-Grunwald Giemsa stain....
Sheep polyclonal to Quinolone ( Abpromise for all tested applications). Antigen: Norfloxacin(N)conjugated to BSA...
Biology Products: