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Print Edition StoriesThursday, February 5, 2009
Gov. Patrick chats up West Coast biotechs
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Massachusetts Gov. Deval Patrick and a handful of state economic officials met yesterday with the San Francisco version of the Massachusetts Biotechnology Council, Bay Bio, the Boston Business Journal reported.
The meeting was hosted by biotech giant Genentech Inc., and was intended to lure Bay Area companies to Massachusetts, or to at least convince them to expand operations here.
In the process, the Massachusetts delegation is touting the state’s $1 billion Life Sciences initiative, along with the quality of the local work force.
“Massachusetts is a great place to do business for anyone in the life sciences field, and we’re here to encourage industry stakeholders to consider Massachusetts as they expand and make investment decisions,” Massachusetts Life Science Center head Susan Windham-Bannister told the BBJ.
One of the trip’s key goals is to encourage investors to join the Life Science Center’s new corporate consortium program, recently launched with a $500,000 investment from Johnson & Johnson. Windham-Bannister, who is accompanying the governor on his West Coast trip, said it’s an opportunity for investors, and the investment arms of companies, to co-invest with the MLSC in Massachusetts-based early stage companies.
Late last month, the MLSC named three new scientific advisory board members, all from the investment community. The three new members are Jonathan Fleming, managing general partner of Oxford Bioscience Partners; Doug Cole, general partner at Flagship Ventures; and Jean M. George, partner at Advanced Technology Ventures.
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