BioHealth Innovation Weekly for September 17, 2024

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September 17, 2024

From Keynotes to Quick-Pitches: A Snapshot of BioHealth Capital Region Week 2024

The much-anticipated BioHealth Capital Region Week is finally upon us, promising three days packed with keynotes, competitions, and invaluable networking opportunities. Here's what attendees can look forward to each day:

Day 1 Highlights: The 10^th Annual BioHealth Capital Forum will open with two special guests—one in the morning and another in the afternoon—setting the tone for a day of high-level discussions and networking opportunities. Keynotes for the day include:

AMGEN’s Entrance to the BioHealth Capital Region: Robert Stoffel, VP of Rare Disease, Complex Biologics, and Strategic Technology Alliances at Amgen, will discuss the company's strategic initiatives and their impact on the region.
State of the Bio Industry: John Crowley, President and CEO of BIO, will provide an insightful look into the current landscape and future directions of the Bio industry.

Day 2 Highlights: Day two features the highly competitive Crab Trap competition with finalists Cerillo, Immobazyme, Linshom Medical, Liquet, Optosurgical, and Plakous Therapeutics. These innovative companies will pitch their groundbreaking advances to a panel of esteemed judges.

Maryland Governor Wes Moore to Give Remarks at 10th Annual BioHealth Capital Region Forum

Rockville, MD—September 17^th, 2024 —The BioHealth Capital Region Forum is honored to announce that Maryland Governor Wes Moore will attend the event this morning to deliver welcoming remarks between 9:00 am – 10:00 am. As the premier gathering for the biohealth industry in Maryland and the surrounding region, the Forum celebrates the significant contributions of this sector’s vitality and innovation landscape.

Governor Moore’s presence underscores the importance of the biohealth industry to Maryland and highlights his administration’s commitment to supporting this vital sector. “We are thrilled to welcome Governor Moore to the BioHealth Capital Region Forum. His continued support plays a crucial role in our mission to advance Maryland as a top biohealth hub in the country,” said Rich Bendis, President and CEO of BioHealth Innovation, Inc.

BioHealth Capital Region Announces Finalists for the 9th Annual Crab Trap Competition

The BioHealth Capital Region is proud to announce the finalists for this year’s Crab Trap Competition, selected from a highly competitive pool of a record number of over 60 applications from within the Region and beyond. These finalists represent a diverse and innovative group of biohealth companies, each bringing forward unique solutions with the potential to significantly impact the industry. The competition will take place on September 18th at 1:45 pm at the US Pharmacopeia in Rockville, MD, as part of the BioHealth Capital Region Week.

The Crab Trap competition is designed to identify and foster the most innovative startups within the biohealth sector. It serves as a platform for emerging companies to gain exposure and interact with a network of industry leaders, investors, and potential partners. This year’s finalists were chosen based on their technological innovation, potential market impact, and the strength of their business model. The competition not only highlights cutting-edge advancements in healthcare and biotechnology but also provides a critical opportunity for startups to accelerate their journey from concept to market. As these companies prepare to present their solutions, the anticipation builds for how these innovations could reshape the future of medicine and healthcare.

Renée Arnold, BioHealth Innovation EIR, Stresses Early Reimbursement Strategy for Digital Health Startups in MedCity News Article

In a recent MedCity News article, Renée Arnold, entrepreneur-in-residence at BioHealth Innovation and the National Institutes of Health, emphasizes the critical importance of early planning for reimbursement strategies in digital health startups. She discusses the common misconception that securing a reimbursement code is the final hurdle, when in reality, startups must ensure insurers will cover their product and that the payment aligns with their pricing model. Learn more about why startups need to integrate reimbursement planning early in their journey and avoid potential setbacks post-FDA approval.

Why Digital Health Startups Should Start Thinking About Their Reimbursement Pathway Earlier

By Katie Adams on September 10, 2024 - Some of the most challenging yet most important processes for digital health startups to navigate are those related to reimbursement and coding.

TEDCO Invests in JuneBrain, Inc.

Maryland-based business has the potential to reshape the ophthalmology and neurology sectors

COLUMBIA, Md., (September 10, 2024) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $200,000 Builder Fund investment in JuneBrain Inc., a biotechnology company. TEDCO’s Pre-Seed Builder Fund is part of TEDCO’s Social Impact Funds, which were created to engage and invest in economically underserved founders and communities.

“JuneBrain was originally started to creatively support patients and those who care for them,” said Dr. Samantha Scott, founder and CEO. “TEDCO’s continued investments in us have helped our goals and unique strategies come to fruition.”

Alexandria Real Estate Equities, Inc. Executive Chairman and Founder Joel S. Marcus Honored With the Inaugural Bisnow Life Sciences Icon & Influencer Award

PASADENA, Calif., Sept. 10, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative mega campuses in AAA life science innovation cluster locations, today announced that Joel S. Marcus, the company's executive chairman and founder, is being honored with the inaugural Bisnow Life Sciences Icon & Influencer Award tomorrow afternoon, Wednesday, September 11, 2024. This prestigious award highlights Mr. Marcus and Alexandria's significant long-term contributions to and lasting impact on the life science real estate sector and broader life science industry. He will accept the award on his own behalf and that of Alexandria at Bisnow's International Life Sciences & Biotech Conference in Rockville, Maryland.

IonQ and the University of Maryland Sign $9M Partnership To Drive Quantum Innovation

COLLEGE PARK, Md., September 11, 2024--(BUSINESS WIRE)--IonQ (NYSE: IONQ), a leader in the quantum computing industry, and the University of Maryland (UMD), an international powerhouse in quantum research and applications, today announced an agreement to expand their partnership to provide state-of-the-art quantum computing access at the National Quantum Lab at Maryland (QLab). QLab provides UMD-affiliated students, faculty, researchers, staff and partners with an unprecedented opportunity to work closely with IonQ’s scientists and engineers as they gain experience with industry-leading trapped ion quantum computers.

QLab, a first-of-its-kind lab for quantum research and development, has supported multiple cohorts of undergraduate interns, multiple academic research projects, and multiple companies within UMD’s Quantum Startup Foundry and Mid-Atlantic Quantum Alliance. Workshops have also been held for government partners such as NASA Goddard Space Flight Center, as well as other events and tours for government and international visitors.

VaLogic Bio Acquires Facility Logix to Expand Life Sciences Facility Services

Frederick, MD, September 13, 2024 — VaLogic Bio, a platform company of 424 Capital and a leading provider of compliance and SaaS services to the life sciences industry, proudly announces the acquisition of Facility Logix (FLGX), a renowned firm specializing in planning, developing, and project management for life sciences facilities. This acquisition aligns with VaLogic Bio’s strategic vision to enhance its capabilities and broaden its footprint in the life sciences sector.

TEDCO Announces the Return of Entrepreneur Expo

The U.S. Economic Development Administration (EDA) is accepting applications for its FY24 $50 million Build to Scale program to support organizations that strengthen entrepreneurial ecosystems to support entrepreneurs as they build and scale technology-driven businesses—and the employees in the new, good jobs they create—to make and deliver new technology products and services. [Read Today’s Blog Post]

Build to Scale (B2S) grants fund programs that support innovators, entrepreneurs, and startups transforming ideas into the critical, emerging technologies of the future.