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Biotech VC, by the numbers
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Good Day BIO Newsletter  •  October 14, 2020
We recap a fantastic first day of BIO Investor Forum Digital, with a look at VC investment trends, the latest news from the AMR Action Fund, and why diversity matters in clinical trials and in companies. It's all below, plus your usual news from Washington, in just under 1,000 words, just under 5 minutes.
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What are biotech investors thinking?
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Good Day BIO Newsletter  •  October 13, 2020
BIO Investor Forum Digital begins today—and we give you a sneak peek at what you’ll hear from both investors and emerging companies, as well as tell you how to follow along. We also take a closer look at COVID-19 and the world’s plastic problem and what’s happening in Washington. Here are around 785 words, just under 4 minutes.
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The golden age of medicine
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Good Day BIO Newsletter  •  October 12, 2020
BIO Investor Forum Digital kicks off tomorrow—and to get ready, Dr. Michelle talks to a biotech investor about everything from COVID-19 therapeutics and diagnostics to the impact of drug pricing policy on investors’ decision-making. Also, POET explains how biofuels can help farmers and the environment. Here are around 840 words, just over 4 minutes.
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Breakthrough drugs are no accident
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Good Day BIO Newsletter  •  October 9, 2020
There’s been a lot of chatter about breakthrough coronavirus treatments this week—so today, we tell you how novel therapies come about in the United States. (No, it’s not magic.) And since we’re still excited about the Nobel Prize for Chemistry, we take a look at CRISPR’s potential in industrial biotech and biofuels. Here are 830 words, 4 minutes.
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Let’s help patients, not PBMs
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Good Day BIO Newsletter  •  October 8, 2020
Today, we dig into the SCOTUS case addressing pharmacy benefit managers, and explain why we need to fix this system. Also, meet the winners of the Nobel Prize in Chemistry and learn why their technology is so important to human, animal, and environmental health. Here’s your Thursday news in 900 words, 4 and a half minutes.
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FDA releases COVID-19 vaccine guidance
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Good Day BIO Newsletter  •  October 7, 2020
Days after we sent a letter about it to the Trump administration, the U.S. Food and Drug Administration (FDA) released new guidance related to COVID-19 vaccines, bringing clarity to scientists and strengthening public confidence in the process. We have details, plus a look at two BIO members collaborating to develop biofuels and biochemicals, in around 711 words, 3 and a half minutes.
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BIO’s Dr. McMurry-Heath Applauds FDA Release of Guidance for Covid-19 Vaccines
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Press Release  •  October 6, 2020
Dr. Michelle McMurry-Heath, the president and CEO of the Biotechnology Innovation Organization (BIO), today applauded the Food and Drug Administration (FDA) for publicly releasing new guidance related to the emergency use authorization of future Covid-19 vaccines. The FDA’s action came just days after Dr. McMurry-Heath called on U.S. Health & Human Services Secretary Alex Azar to release the guidance in order to help those developing a vaccine and to promote greater public confidence in future Covid-19 vaccines. Dr. McMurry-Heath released the following statement: “In the midst of a pandemic, transparency and collaboration are critical if we are going to quickly and safely eradicate this global health threat. That is why we recently called for the public release of any new FDA guidance concerning emergency use authorization for Covid-19 vaccines. The release of this information is vital for the scientists and researchers working on the frontlines combating this pandemic, as well as for building public confidence in the scientific solutions our industry is committed to delivering. “We applaud the FDA for following their tried and true tradition of releasing their guidance in a public and transparent way. Science should stand on its own. While we are still reviewing the details, this is an important step forward in providing greater regulatory clarity for vaccine makers and in earning the American people’s trust in any future vaccines. We look forward to ongoing communication with the independent experts at the FDA to further clarify the steps needed to bring a safe and effective vaccine to the American public.”
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BIO Appoints New CFO
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Press Release  •  October 6, 2020
The Biotechnology Innovation Organization (BIO) announced today the retirement of Senior Vice President and Chief Financial Officer (CFO), Yvette White-Wiggins, after a distinguished 18-year career with the organization. White-Wiggins rose through the ranks at BIO and served as CFO since 2016, building a solid financial infrastructure that will serve the organization for years to come. “We are truly grateful for Yvette’s extraordinary service to BIO over her long tenure here”, said Dr. Michelle McMurry-Heath, BIO’s President and CEO. “Yvette’s commitment to our organization went beyond expert cash management and financial accounting. She was a true believer in our mission to improving lives, as she faced her own challenges with two different types of cancer. Her life story continues to be an inspiration to us all.” A prominent contributor to BIO’s “I am BIO” campaign, White-Wiggins can be seen here moderating the inaugural video in the series. White-Wiggins will be succeeded by Steve Jasko who brings more than 25 years of financial and operational experience to the position. He has served as CFO for two not-for-profit organizations, the TB Alliance, and Howard Hughes Medical Institute. His pharmaceutical experience includes six years at Celgene where he first held the position of Corporate Treasurer and later Vice President of Finance and Business Development for the Cellular Therapeutics Division. He also has nearly a decade of experience working at Merck. “As BIO moves into its next chapter, we welcome Steve to the team,” said McMurry-Heath. “His wide range of financial experience as well as his background in non-profits and pharmaceutical companies will make this a smooth transition. We look forward to his building on the foundation that Yvette built.”
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We want YOU to support farmers and climate solutions
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Good Day BIO Newsletter  •  October 6, 2020
Today, we tell you about why you should support the Growing Climate Solutions Act and how you can help. We also dig into new health care spending data that sheds more light on the true role of prescription drug costs. Here are around 700 words, 3 minutes.
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Who gets it first?
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Good Day BIO Newsletter  •  October 5, 2020
Our thoughts are with the First Family as President Trump continues his COVID-19 treatment at Walter Reed. We're also incredibly proud of our members who have been working hard for months to develop therapeutics that have provided hope for the President and many others around the world battling this disease.Today, we look at a framework for vaccine allocation and distribution, the state of biotech investment, and a biotech insect that could help save crops in around 950 words, just under 5 minutes.
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