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August 2014 Issue

Note from the COO


October 2014
Dear BioUtah Members,
The BioUtah executive team recently met with representatives from BIO, our national level trade association affiliate for the biopharma industry. Through this affiliation, BioUtah members gain access to significant benefits, such as participation on public policy debate at a national level, discounts from an impressive list of suppliers (more on that below) and networking opportunities. What we discovered during this recent meeting was that these benefits are being underused. Only one third of our members are utilizing these benefits. Perhaps it is that BioUtah has not done enough to get the word out. Let me take the time here to rectify that situation.
 
It should be mentioned first and foremost that BIO does not distinguish between the biotech, pharma, medical device or diagnostic sectors; these benefits are equally available to all BioUtah members. Second, the discounts offered by BIO’s suppliers are quite significant; similar to what a large company can negotiate with these same entities (as much as 40% off). The list of suppliers include VWR, Office Depot, Business Wire, Tech Depot, Chubb Group and FedEx. Quite often, the annual membership cost in BioUtah pays for itself on the first discounted purchase with these suppliers. Finally, the affiliation offers payback directly to BioUtah’s operating budget via a dividend payment. This dividend provides a not insignificant increase in BioUtah’s abilities to continue offering the excellent event programming with which you have become accustomed. So let’s get that participation to at least 50% and then-some! This is truly a win-win for all, as everyone benefits.
 
Best Regards,
 
Peter Knauer
COO, BioUtah
 

BioUtah 2014-15 Public Policy Update

 

By Kimball Thomson and Vernon Scott, BioUtah

 

On September 24th, BioUtah convened a special roundtable to discuss its legislative and regulatory priorities for the 2014-15 Utah legislative session, as well as priorities for a long-term Utah life science advocacy roadmap. Participants included public policy and regulatory leaders from BioUtah and its member companies, AdvaMed, PhRMA and the Utah Governor’s Office of Economic Development (GOED).

 

At this meeting, it was determined that BioUtah would establish a new Advocacy & Public Policy Committee. Previously the public policy group was included within the BioUtah Life Science Vision Committee.

 

There are two inaugural chairs for the newly formed BioUtah Advocacy & Public Policy Committee: Leigh Volkland, Senior Director of State & National Advocacy for Edwards Lifesciences, one of Utah’s leading medical device employers; and Bob Wynalek, a successful serial entrepreneur currently serving as COO of DiscGenics, an innovative young Utah biotech company focused on spinal therapeutics through regenerative stem cell therapy.

 

“We are delighted that Leigh and Bob have agreed to chair BioUtah’s new Advocacy & Public Policy committee,” said Kimball Thomson, President & CEO of BioUtah. “BioUtah members and the state’s life science community will greatly benefit from the energy and expertise of these respected, proven leaders.”

 

One of the top priorities of the 2014-15 Utah legislative session will be expansion of the $1.6 million Technology Commercialization Innovation Program (TCIP), administered by GOED. In last year’s session, BioUtah successfully partnered with the Governor’s Office of Economic Development to pass Senate Bill 263, which changed significant elements of the TCIP, opening it up to companies from beyond the university system, and prioritizing support for companies that have received federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. SB 263 was a significant win for the state’s science and technology community, and laid the foundation for additional productive legislation.

 

This year, BioUtah will build on last year’s legislative victory by championing legislation that will seek further appropriations from the legislature for the TCIP.

 

Other current and long-term priorities include: reasonable and sustainable environmental standards; a favorable tax and regulatory environment for life science companies; workforce development initiatives; a potential state offset for the onerous and ill-conceived medical device excise tax that is currently part of the Affordable Care Act; ongoing support for the Utah STEM (Science Technology Engineering & Math) Center and the Utah Science Technology & Research (USTAR) initiative; and helping establish a robust mentor network for Utah science and technology companies.

 

On the federal side, BioUtah’s top priorities remain repeal of the device tax, proper use of device tax user fees, FDA reform and CMS reimbursement.

 

The BioUtah Advocacy & Public Committee will meet monthly throughout the year, and hold weekly calls while the Utah legislature is in session. BioUtah will be publishing information about upcoming Advocacy and Public Policy Committee meetings online at bioutah.org. All BioUtah members are welcome to participate on this committee.

 

 

White Paper

CLOSED-LOOP QUALITY MANAGEMENT: CONNECTING THE VALUE CHAIN

LNSResearch.com

Executive Summary

Manufacturers are under more pressure to improve costs, meet compliance, and mitigate risks than ever before. Because quality is at the core of nearly all business activities, organizations are increasing focus on it to assuage these pressures. However, many are finding that traditional approaches to quality are falling short. Quality management in 2014 must extend far beyond the manufacturing environment. And today’s prevalence of disparate solutions and strategies is not providing the visibility or level of interaction across the value chain required to maintain competitiveness in the global market.

Leading organizations are leaving outdated technologies and strategies behind, taking a closed-loop approach that connects quality from design and procurement up through manufacturing,  distribution and service. With the support of next-generation technology like Enterprise Quality Management Software (EQMS), streamlined and standardized business processes, a culture with the “quality mindset,” and a robust set of performance metrics, manufacturers are gaining the resources needed to take control of costs, compliance, and risk, and even transform the ability to manage them into a competitive advantage. 



 

Special Notice


Utah Life Science News



GOED’s Technology Grant Program Broadens Base of Eligible Applicants

Thanks to recent legislation, a state-run technology grant program that began in 1986 has expanded its eligibility to a wider range of small businesses in Utah. 

Statutory changes to the Technology Commercialization and Innovation Program (TCIP) also place new emphasis on technology that has previously secured federal funding.



Provo, Utah, leads 189 communities and Huntington, W.Va., comes in last.
The people of Provo, Utah, have the highest level of well-being and the folks around Huntington, W.Va., the lowest, at least according to the latest ranking of 189 cities and metropolitan areas from Gallup and Healthways.
Intermountain Healthcare Welcomes Visit of Institute for Healthcare Improvement

SALT LAKE CITY--()--Intermountain Healthcare will host the Fall meeting of the Board of Directors of the Institute for Healthcare Improvement, the Massachusetts-based, nonprofit organization that is leading healthcare improvement initiatives around the world. The visit will take place on September 16 and 17 and will provide an opportunity for the leadership of the two organizations to share insights into improving health and healthcare in the United States and abroad.


(Chase N. Peterson, former president of the University of Utah, died September 14, 2014. Peterson was 84. 
Courtesy photo)

Chase N. Peterson was most at home on a college campus.

The son of a university president, Peterson spent all but seven of his 84 years enveloped in the life of the mind — as student, professor, dean, researcher, and eventually reaching his father’s stature as president.



 

National Life Science News



Your medical record is worth more to hackers than your credit card

Your medical information is worth 10 times more than your credit card number on the black market.

Last month, the FBI warned healthcare providers to guard against cyber attacks after one of the largest US hospital operators, Community Health Systems Inc, said Chinese hackers had broken into its computer network and stolen the personal information of 4.5 million patients.


Tax

The House of Representatives recently voted to pass a bill that would repeal the hotly debated 2.3 percent medical device excise tax.

The repeal measure passed as part of an omnibus jobs bill, the Jobs for America Act (H.R. 4), that combines multiple bills already approved by the House. The bill passed by a vote of 253 to 163.


Paulsen takes another run at medical device tax repeal
Rep. Erik Paulsen (R-Minn.) tells MassDevice.com about his latest run at repealing the medical device tax, which the U.S. House is slated to take up as part of a larger package of jobs bills this week.
Companion Diagnostics Market Is Expected to Reach USD 130 Billion in 2018: Transparency Market Research
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Bulletin Board

Click on flyer to register 

We are pleased to announce our new partnership with the Life Science industry’s most well-regarded and prestigious professional development practitioners –
Life CollaborativeBuilding Healthy Careers in Life Sciences.

Life Collaborative offers a suite of eLearning resources to help prepare you for a career, or advance the one you’ve already got, in the Life Science industry. The Life Collaborative curriculum was created and validated by real-world industry practitioners and, to that end, is backed by a Certificate of Achievement. Life Collaborative topics include - BioTech, MedTech, Pharmaceuticals, Project Management, Quality, Regulatory, Sales & Marketing, Finance, Team Leadership, and more.

Members Receive as much as a 45% Discount

To get started in your e-learning program, please select from one of the options below:

Professional programs are designed for individuals who are currently employed full time in a Life Science organization and are not seeking employment.

Student / Job Seeker programs are designed for individuals who are interested in transitioning into a Life Science company.

Note that the Life Collaborative has partnered with the MedTech and BioTech Veterans Program (MVPvets.org) to provide scholarships to transitioning veterans. If you, or your company, are interested in learning more about MVPvets, email Info@MVPvets.org.

 

If you have questions about which program to select, or would like to learn about the Life Collaborative corporate licensing program, or custom learning management options, please email info@lifecollaborative.com or call 760-444-9460.

 

AdvaMed2014. The MedTech Conference. Access. Insight. Oppotunity.

 
 
 
AdvaMed2014. The MedTech Conference. Access. Insight. Oppotunity.
October 6-8, 2014
McCormick PlaceChicago, IL

Register and submit Company Presentation applications today!
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Access. Insight. Opportunity.
October 6 - 8, 2014 | McCormick Place | Chicago, IL

Register now and save up to $600 for AdvaMed 2014!
Early registration ends today, July 31. With more than 30 educational panel sessions, plenary sessions that include former Secretary of State Hillary Rodham Clinton, unparalleled networking opportunities, Sector MeetUps, and more than 60 exhibitors, there are many reasons to register now and save your spot at AdvaMed 2014: The MedTech Conference.

Last Call for Company Presentations
Today is also your last chance to submit a Company Presentation application! Click here to apply.
Company Presentations allow innovative, early-stage medical device and diagnostic companies to connect with venture capital and angel investors, business development executive and other strategic partners. Take advantage of the access to exclusive networking, gain valuable exposure and advance your financing and strategic business development objectives.

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