News

Denver Business Journal Highlights Colorado’s Life Sciences Ecosystem and Our Leadership In Gene Editing

Monday, September 09, 2019

Gene editing is becoming an increasingly common remedy for a variety of ailments, and Boulder area bioscience companies are leading those advancements. Building on research and technology originating at University of Colorado Boulder, several front range companies are employing CRISPR to create new breakthroughs.  

2019 Rocky Mountain Life Science Investor and Partnering Conference Announces Presenting Companies

Wednesday, July 24, 2019

September conference led by Colorado BioScience Association to provide companies from across the region new opportunities for capital access 
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Pfizer to buy Colorado's Array BioPharma in deal worth $11.4 billion

Monday, June 17, 2019

Pharmaceutical giant Pfizer Inc. is delving deeper into cancer research with a roughly $11.4 billion deal for Array BioPharma Inc., a Colorado drug developer that has seen its shares soar since announcing positive clinical trial results earlier this spring.

Pfizer said Monday it will pay $48 per share in cash for Boulder-based Array, whose product portfolio includes a treatment combination used for advanced skin cancer that is being tested in other cancers as well.

Array said last month that its combination of the drugs Braftovi and Mektovi along with another treatment led to a significant improvement in overall survival in late-stage testing for some patients with colorectal cancer.

The company plans to submit results from that study to U.S. regulators for approval later this year.

Array's share price has jumped 41% since late May and more than doubled so far this year. Pfizer's offer of $48 per share represents a premium of 62% to the stock's closing price of $29.59 on Friday.

Shares of Array surged 60% before Monday's opening bell.

New York-based Pfizer, which makes the breast cancer drug Ibrance and the blood thinner Eliquis, said the boards of both companies have approved the deal.

It will finance the deal with debt and cash, and it expects the transaction to add to earnings per share starting in 2022.

Pfizer, the biggest U.S. drugmaker by revenue, has had several drug approvals in the U.S. or elsewhere so far this year. But it also saw a heavily touted pain drug flop in late-stage clinical testing, placing the drug's future in doubt.

Pfizer shares edged down 5 cents to $42.70 in premarket trading.

 
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National Bioscience Industry Report Shows $2T Economic Impact, Accelerated Venture Capital Investment & Job Growth

Tuesday, June 05, 2018

A study released today at the BIO International Convention shows that the U.S. bioscience industry has reached $2 trillion in annual economic impact while maintaining accelerated venture capital investment and job growth numbers. Among U.S. technology sectors, the bioscience industry has held a leading position as an economic driver and job generator. 

Just-Released Economic Data Finds Improving Education in Colorado Would Generate Billions for the Economy

Tuesday, May 15, 2018


 
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Denver Business Journal Recognizes Colorado BioScience's Remarkable Year!

Thursday, December 14, 2017

The Denver Business Journal wants their readers to know the bioscience industry in our state has enjoyed a record breaking year.  

Four Companies Win Their Share of $150,000 in Healthcare Shark-Tank Event

Thursday, October 26, 2017

During the 2017 Prime Health Challenge, six healthcare technology startups pitched to representatives from 16 host institutions, including Kaiser Permanente, Metro Community Provider Network, AllHealth Network, Centura, UCHealth, and SCL Health. Over 500 audience members watched as each company competed for an opportunity to prove their solutions with Colorado healthcare institutions.

Early this summer, companies from around the country submitted applications to compete in the Prime Health Challenge. Over the past 3-months, experts from across the industry evaluated the proposals through the Prime Health Qualify process and narrowed the list down to six finalists. Thanks to funding from The Colorado Health Foundation, winners were rewarded with a share of the $150,000 prize.

“The Colorado Health Foundation is excited about its continued partnership with Prime Health in order to support the intersection of health care, innovation and low income communities across Colorado” said Ben Bynum, M.D., Portfolio Director of Private Sector Engagement at The Colorado Health Foundation.

Steve Adams, CEO of Prime Health, explained, “The healthcare industry presents unique challenges for entrepreneurs. Collaborating with providers and patients early on is key to success and for the winners of tonight’s Challenge, this experience will provide invaluable knowledge on how to scale innovation in the healthcare industry.”


Nymbl receives their award.

The first place award of $45,000 went to Nymbl Science, who has developed a comprehensive system for measuring, tracking, and improving balance for patients at-risk of falls.

“It was a dream come true for Nymbl to get pilot offers from four of the largest healthcare providers in the state of Colorado, and we are honored to receive the prize money to help make these pilots a reality. We are extremely thankful for the opportunity to pitch and for the sponsors of Prime Health. It was humbling to be on stage with so many other terrific companies, each talented enough to win, and all of which will impact healthcare in significant ways,” said Edward Likovich, Vice President of Operations at Nymbl.

AI Health, which has created a platform to improve communication between hospitals and post-acute care settings, such as, nursing homes, skilled nursing facility, home health, and rehab facilities, won the Safety Net Award. This award of $45,000 was specifically designated for a startup that addressed pain points for underserved populations.

As Dr. Kenneth Bellian, Co-Founder of AI Health, described, "We are very thankful to Prime Health, Colorado Health Foundation and all the participating host institutions for putting together such a wonderful program. We are very excited to have won the Safety Net Award because we know that we can help patients of any background find the best post-acute care facilities based on their specific situation. This results in better outcomes for the patient and lower costs for the payer. This is especially important for patients that are at risk, underfunded, and/or unfunded."

The second place award of $35,000 went to Redox, a Wisconsin-based startup who provides health systems with a platform that acts as a single access point for all cloud-based applications, providing access controls and monitoring while eliminating integrations. Through this, the company hopes to empower innovation and ease the burden of EHR interoperability.

The Third Place of $25,000 went to Listen.MD, an artificial intelligence based scribing application that allows providers to focus on personal interactions with patients.

While only the top four companies won a share of the prize money, all six finalists received bids to pilot their solutions at a host institution. For more information on these companies, and to stay up to date on all the trends in Colorado digital health innovation, visit PrimeHealthCo.com.

 
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Denver Named a Top 10 City for Digital Health Funding

Thursday, July 06, 2017

Denver made the cut as a top 10 city in the US for digital health funding, with five deals topping $192M total in the first half of 2017. With the mid-year funding now coming in over $6B, 2017 has broken numerous records and we anticipate this to be the biggest year yet as huge deals continue to close. 

Colorado BioScience Association Recognizes 2017 Boettcher Investigators

Tuesday, June 13, 2017

DENVER, June 13, 2017 — The Colorado BioScience Association on Tuesday commended the newest class of Boettcher Investigators and expressed its gratitude to the Boettcher Foundation for its continued support of scientific innovation in Colorado. 

Eximis Surgical Wins $25K MedTech Innovator Value Award

Wednesday, June 07, 2017

San Francisco, June 7, 2017 – MedTech Innovator, the medtech industry’s nonprofit global competition and accelerator, congratulates Eximis Surgical for being selected as its Value Award winner at Wilson Sonsini Goodrich & Rosati’s 25th Annual Medical Device Conference on Friday, June 2.