Posted by: Audrey Erbes | January 12, 2014

2013 Life Science Industry Results Are In Plus Events and Jobs

In the run up to JP Morgan week in San Francisco, health care industry media are analyzing and reporting the financial results for 2013 and making predictions for 2014. BioCentury This Week reports that investors returned to the biotech sector with 10 times more funding in 2013 than in 2012. Their speakers suggest the return of generalist investors back into the market, as result of positive regulatory changes, fueled the positive increase in funding. The breakthrough drug pathway is an example of the FDA changes that are helping to bring needed new drugs to market more rapidly. The numbers of IPOs were high and, although not expected to be at same level in 2014, will be strong. There have been many new outstanding drugs resulting from decades of great advances in science entering the market. Experts suggest there’s a change in the biotech market to one with strong fundamentals. The FDA and drug sponsors are working together and having positive impact.

BioCentury reports that NIH funding cuts by 5% ($1.55 billion) due to sequestration resulted in a lower percentage of grants being awarded, the worst ever. Only 16.8% of applicants for grants requiring competitive peer review received funding. This is compared to 30% in FY2003. RO1 grants which fund investigator-initiated research were also at historic low of 17.5%. Currently NIH is being funded at 2013 levels. We expect that Congress will restore the sequestered funds and possibly increase NIH funding in the budget anticipated to be finalized by Jan. 15.

Highlights for Upcoming Week’s Events

  • BioCentury This Week, See new program Webcast Starting Sunday, Jan. 12, 2014, http://www.biocenturytv.com, Available anytime starting at 9:00 a.m. EDT: This Week’s Topic: “Biotech’s Record Run: Can it Continue?” Speakers: Jonathan Leff, Partner of Deerfield Management and Chairman of theDeerfield Institute; Dennis Purcell, Senior Managing Director of Aisling Capital and Ipsita Smolinski, Managing Director of Capitol Street
  • JP Morgan 32nd, Jan. 13-16, 2014, Event: 32nd Annual J.P. Morgan Healthcare Conference
  • Biotech Showcase, Monday – Wednesday, Jan. 13-15, 2014; Location: Parc 55 Wyndham, Union Square, San Francisco, CA
  • 7th Annual OneMedForum SF 2013, Monday – Wednesday, January 13-15th, 2014; Topic: Investing in Healthcare in 2014
  • Bio2Device Group, Tuesday Evening, Jan. 14, 2014, Topic: “A New Way of Treating Hypertension through Renal Denervation;” Speaker: Kevin Taylor, VP of Development and Operations, Recor Medical
  • Engineering in Medicine and Biology Society, EBMS, Wed. Evening, Jan. 15, 2014, Title: “Using Technology to Successfully Solve the Problems of the Aging,” Speaker: Walt Maclay, President, Voler Systems
  • NCC ACRP Annual Planning Meeting, Saturday Morning, January 18, 2014

Product Management Course in New Professional Program in Life Science Business

We just completed the classroom work for the Life Science Business Development class in Dec. and now students are busily selecting their term projects with access to new resources and the generous offer of access by BioCentury and Thomson Recap to their subscription databases gratis for the balance of the term.

Consider honing your skills in commercialization of life science products through the upcoming Life Science Product Marketing: It’s All in the Plan. See details below. If you have questions, please don’t hesitate to contact me at audreyerbes@aol.com. This is one of the most popular courses as students select their product and team members to create a preliminary product marketing plan. It’s another great addition to your career portfolio to share with potential hiring managers.

UC Berkeley Extension has now posted the spring courses on their website and you can register for them. See the new tinyurl I posted for this spring course.

UC Berkeley Extension, Thursday Evenings, Feb. 13-27, March 6-13 and 27

Course: “Life Science Product Marketing: It’s All in the Plan”

Applies for credit toward Professional Program in Life Sciences Business (see flyer at http://extension.berkeley.edu/upload/lifesciences_business.pdf)

Instructor: Audrey S. Erbes, Ph.D., Principal, Erbes & Associates and http://www.AudreysNetwork.com

Guest Speakers:

  • Deb Donovan, Director of Marketing at Avantis Medical Systems
  • Stanley Skrzypczak, M.S., M.B.A., Senior Director, Commercial Development, Genomic Health
  • Charles Versaggi, President, Versaggi Biocommunications
  • Steven Wong, Senior Consultant, Plan A

Dates and Time: Thursdays, Feb. 13-27, March 6-13 and 27; 6:00 – 9:00 pm

Location: Downtown University of California, Berkeley Extension, 425 Market St., 8th Floor, San Francisco, CA 94105

Cost: (Fee to be announced in December 2013—$695 in 2013) Course identifier is BUS ADM X442.5.

See more details and register at http://tinyurl.com/k2aq8nr

Find all the details for these upcoming events plus those through June 2014 in Audreys picks Jan. 12, 2014. You can also download the pdf of JobsThatCrossedMyDeskThroughJan. 12,2014 along with Audrey’s Picks by right clicking the bolded titles. This latter list includes jobs I discovered the past week as well as the previous two weeks. I typically look at job sites and recent jobs in California companies listed in the past 3. Note that there are many job sources—my list is not complete.

You can always find my weekly blog and listings on my website www.audreysnetwork.com. Select “blog” and then right click on blog title to link to the WordPress site.

Audrey


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