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News Beat February 2018
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2018 Legislative Update: Medical Device Tax Suspended, Orphan Drug Tax Credit Renewed, more than $100 million in life science facilities funded and it is only February!



One month into 2018 and our legislative update is lengthy in the best way possible. With federal, state and local legislative bodies all in session, a number of major legislative decisions have been finalized that will shape the future of our industry locally and nationally.

Life Science Washington (LSW) continues to play an active role advocating for policies that advance scientific innovation and help build a thriving life science ecosystem in our state.


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Pictured Left: Dr. Fred Appelbaum, Executive Vice President of Fred Hutch; Leslie Alexandre, DrPH, President & CEO of Life Science Washington; and Washington Governor Jay Inslee at the signing of the Andy Hill Cancer Research Endowment. 




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Planning on attending Life Science Innovation Northwest 2018? Early-bird registration is only available until Friday February 9, 2018? Save $100 on your registration for the region's biggest life science gathering. Not an LSW member? Join by February 9 and save up to $400 on your LSINW registration. 





 Welcome New Life Science Washington Members


Taproot Medical Technologies

Stratos Genomics raises $20M to commercialize fast DNA sequencing technology  

"Faster, cheaper DNA sequencing technology has revolutionized medicine in the past ten years. The tech provides the backbone for breakthroughs in cancer care, personalized treatments and even wellness plans based on your genes." Read More from GeekWire


University of Washington opens state-of-the-art nanotech building 

"The University of Washington has opened the doors of its newest biotech building. The five-story Nanoengineering and Sciences Building is the second phase of a 168,000-square-foot complex at the center of UW’s campus." 
Read More from Puget Sound Business Journal



Juno Therapeutics acquired by Celgene for $9B in dramatic deal for rising biotech star   


"Juno Therapeutics, the Seattle-based biotech company making cutting-edge cancer immunotherapy treatments, has reached a deal to be acquired by New Jersey-based Celgene for $9 billion, or $87 per share."  Read More from GeekWire



Seattle Genetics buys Cascadian Therapeutics for $614 million 


"Seattle Genetics Inc. (Nasdaq: SGEN) has reached a deal to acquire Seattle-based Cascadian Therapeutics (Nasdaq: CASC) for $614 million." Read More from the Puget Sound Business Journal


State of the Campus: Rosy picture at WSUV despite deficit  


"Despite a system-wide $30 million deficit at Washington State University, Chancellor Mel Netzhammer offered a rosy picture of what’s happening at WSU Vancouver at his State of the Campus address Wednesday." Read More from The Columbian


CARE Fund Named after Senator Andy Hill


"During a ceremony at the state capitol, Governor Inslee signed SB 5375, renaming the CARE Fund, the Andy Hill Cancer Research Endowment in honor of the late Senator Andy Hill, a public champion for cancer research." Read More from CARE


Amazon, Berkshire Hathaway and JP Morgan Chase join forces to tackle employees’ health-care costs

"Three giant and influential employers, Amazon, Berkshire Hathaway and JP Morgan Chase, announced Tuesday they were partnering to create an independent company aimed at reining in health-care costs for their U.S. employees." Read More from the Washington Post


Product Creation Studio Promotes Sonja Takatori To Director Of Program Management 


"Product Creation Studio is excited to announce the promotion of Sonja Takatori (CSM, PMP) to Director of Program Management. Sonja joined the company six months ago as a Senior Program Manager, and has provided invaluable expertise to client programs, particularly in the medical device sector." Read more from Product Creation Studio


                                     Schedule your February consult

Life Science Washington Institute offers pro-bono consultation services to early-stage Member companies to help develop the Washington life science entrepreneurial community. A one-time consultation is available for future members. Our consultation program can help with a broad variety of issues facing the life sciences community. Learn More.



Complimentary Webinar: Value Drivers in BioPharma Product Valuations

Do you know what factors underpin the value of your biopharma product? Find out in the free webinar on Thursday, February 8, 2018. Joe Dillon will look at revenue forecasting approaches, sales and marketing expense build-up and development cost estimations, and much more. Learn more here



Call for Nominations: EY Entrepreneur of the Year Award 


If you have been inspired by a entrepreneur who breaks the mold, we’d like you to submit a nomination for the Entrepreneur Of The Year® Award, founded by EY. Since 1986, EY has celebrated the accomplishments of thousands of entrepreneurs who have shaped the way we live, work and play. Notable Pacific Northwest honorees include Chad and Harlan Robins, Adaptive Biotechnologies (2017), Hans Bishop, Juno Therapeutics (2016), Clay Siegall Ph.D., Seattle Genetics (2012) and Bruce Carter, ZymoGenetics (2003).

To learn more about the program, visit the website, or contact LSW member and EY Partner, Oren Lang-Furr Deadline to apply is March 9, 2018.







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