Morrie Ruffin, Vice President of Business Development, to Testify Before SBA

  • Contact: Kim Coghill, 202-369-0196, Deb Carstoiu, 202-962-9200
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WASHINGTON, D.C. (June 16, 2005) -- Morrie Ruffin, vice president of business development for the Biotechnology Industry Organization (BIO), will testify Friday at a Small Business Administration (SBA) field hearing regarding Small Business Innovation Research (SBIR) grants.

BIO opposes the SBA’s interpretation of eligibility requirements for SBIR grants. Companies that are 51 percent owned by a group of venture capital firms are no longer eligible for SBIR grants under the current interpretation.

Date & Time – Friday, June 17, 2005 from 1:30 to 5:30 p.m. EDT

Location – Small Business Administration, 409 Third St. SW, Eisenhower Conference Room, Washington, D.C., 20416.

BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and 31 other nations. BIO members are involved in the research and development of healthcare, agricultural, industrial and environmental biotechnology products.

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About BIO
BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO's blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.