TupeloLife, a connected health company joins bionorthTX
TupeloLife is a connected health company enabling Care@Home Technologies. Care@Home Technologies help providers and healthcare organizations manage chronically-
“North Texas has a strong presence in healthcare and the life science industry and bionorthTX offers a great network of industry leading organizations that focus on making a difference in patient care.” said Melvin Mathew, TupeloLife CEO. “Their mission and purpose will bolster our growth and play an influential role in the commercialization of our technologies.”
“I am pleased to announce that TupeloLife has joined bionorthTX. Their presence strengthens our membership by providing access to expertise in improved patient care and monitoring. The future of medicine will be focused more on individualized patient care, and TupeloLife is pioneering exciting methods to make the future happen now” said Terry Foster, CEO of bionorthTX. “Their presence in the North Texas life science community makes us even stronger. Their international presence provides additional value.”
About bionorthTX: bionorthTX was created to accelerate the growth of the diverse and balanced life science ecosystem in North Texas. This spans the value chain of healthcare, life sciences, research, the vendor community, and talent and capital resources. Companies can connect with industry leaders, ground-breaking technologies, the investment community, nationally-ranked colleges and universities, a wealth of consultants, a varied population for clinical research and an experienced pool of scientists, technicians and resources. www. bionorthtx.org
About TupeloLife:TupeloLife is a connected healthcare company, developing Care@Home technologies designed to enable transitional and chronic care management. TupeloLife’s Care@Home technologies are an integrated and comprehensive combination of A.I., hardware, software, and services to assist healthcare providers to successfully transition and manage patients @home. https://tupelolife.com/
Novartis announces intention to seek shareholder approval for 100% spinoff of Alcon eye care devices business.
Jun 29, 2018
Novartis announces intention to seek shareholder approval for 100% spinoff of Alcon eye care devices business; initiates share buyback of up to USD 5 bn
- Alcon strategic review concludes that 100% spinoff in best interest of shareholders and consistent with the Novartis strategy of focusing as a medicines company
- Planned spinoff would create world leading eye care devices company
- The Alcon ophthalmology pharmaceuticals portfolio will remain with Novartis, further strengthening its leading ophthalmology pharmaceuticals business
- Transaction expected to be tax neutral to Novartis and subject to general market conditions, tax rulings and opinions, final Board endorsement and shareholder approval at the AGM in February 2019; completion expected in H1 2019
- Alcon CEO Mike Ball to become Chairman-designate; COO, David Endicott promoted to Alcon CEO, both appointments effective July 1, 2018
- Alcon would be incorporated in Switzerland; with Fort Worth continuing to be a key location. Listings planned on SIX Swiss Exchange and New York Stock Exchange
- Share buyback of up to USD 5 bn planned to be executed by end 2019, in line with capital allocation priorities highlighting confidence in top line growth and margin expansion
Basel, June 29, 2018 — Novartis today announced its intention to spinoff Alcon, its eye care division, into a separately-traded standalone company. The planned spinoff would enable Novartis and Alcon to focus fully on their respective growth strategies. Completion of the transaction is subject to general market conditions, tax rulings and opinions, final Board of Directors endorsement and shareholder approval at the 2019 AGM in line with Swiss corporate law.
Novartis also announced that it will initiate a share buyback of up to USD 5 billion to be executed by the end of 2019. This action is planned to be largely funded through the proceeds of the divestment to GSK of the consumer health joint venture stake, net of the AveXis acquisition payments.
Joerg Reinhardt, Chairman of Novartis, said: “Our strategic review examined all options for Alcon ranging from retention, sale, IPO to spinoff. The review concluded that a spinoff would be in the best interests of Novartis shareholders and the Board of Directors intends to seek shareholder approval for a spinoff at the 2019 AGM. This transaction would allow our shareholders to benefit from potential future successes of a more focused Novartis and a standalone Alcon, which would become a publicly traded global medtech leader based here in Switzerland.”
When Novartis acquired Alcon in 2011, the business included surgical, vision care and ophthalmic pharmaceuticals. In January 2016, Novartis began the process of creating two best-in-class businesses with the transfer of Alcon’s ophthalmic pharmaceuticals to the Novartis Innovative Medicines Division. The leading ophthalmology pharmaceuticals business will continue to develop as part of Novartis, with 2017 sales of USD 4.6 billion and the potential blockbuster medicine RTH258 (brolucizumab) in development for neovascular AMD and diabetic macular edema. The Alcon Division is now fully focused on surgical and vision care, and continues to be the global leader in eye care devices.
Vas Narasimhan M.D., CEO of Novartis, said: “We continue to execute our strategy to focus Novartis as a leading medicines company. Alcon has returned to a position of strength and it is time to give the business more flexibility to pursue its own growth strategy as the world’s leading eye care devices company. We will work to ensure a smooth transition for Alcon and Novartis associates while preparing for the launch of RTH258 and building our leading ophthalmology pharmaceuticals business.”
Commenting on the share buyback, Dr. Narasimhan said: “The share buyback is fully aligned with our strategic capital allocation priorities, reflects our strict financial discipline and our confidence in future top line growth and margin expansion.”
Mike Ball will become Chairman-designate of Alcon, effective July 1, 2018, reporting to Vas Narasimhan, CEO of Novartis. Mr. Ball will focus on preparing Alcon for the intended spin. In addition, he will start the process of recruiting a Board of Directors (BoD) for Alcon and meeting Novartis shareholders, and other potential investors, in preparation for a potential spinoff. If Alcon becomes an independent company, Mr. Ball would become Chairman of the Alcon BoD. In order to focus fully on the Alcon separation, Mr. Ball will step down from the Executive Committee of Novartis (ECN) on July 1, 2018.
David Endicott, Chief Operating Officer (COO) of Alcon since July 2016, will be promoted to CEO of Alcon, also effective July 1, 2018. In light of the potential spinoff, Mr. Endicott will not become a member of the ECN. He will also report to Vas Narasimhan until the potential spinoff. Over the coming weeks, Mr. Ball will hand over operational management responsibilities to Mr. Endicott.
Mr. Endicott is a highly experienced leader in medical devices and pharmaceuticals having also previously held senior leadership positions with Allergan and Hospira. As Alcon COO he played an integral role in the turnaround of the business.
Mike Ball, CEO of Alcon, said: “This promises to be the beginning of an exciting new chapter for everyone associated with Alcon. The planned spinoff will be key to strengthening our leadership in the large, attractive and growing global eye care devices market. As Chairman-designate, I look forward to working closely with David Endicott and the entire team at Alcon to deliver continued innovation for our customers and patients, while creating shareholder value through long-term, sustainable growth.”
If the Alcon spinoff is completed, it would create a new Switzerland-based company with global scale and reach comprising more than 20,000 employees, with around USD 7 billion in 2017 sales. Fort Worth will continue to be a key location for Alcon.
Actions started earlier this year to make Alcon an operationally autonomous medical devices business will continue in preparation for a spinoff.
The successful completion of the planned spinoff is subject to general market conditions, regulatory approvals, final Board of Directors endorsement and shareholder approval. Required information and consultation of affected employees and employee representatives is planned for the second half of 2018. In the event that all approvals are secured, the planned spinoff is expected to be completed in the first half of 2019. The transaction is expected to be tax neutral to Novartis, subject to the receipt of favorable opinions and rulings. While a dividend policy for Alcon has not yet been set, Novartis intends to continue paying a strong and growing dividend in Swiss francs, building on the CHF2.80 per share paid in March 2018. The proposed distribution ratio will be disclosed in due course.
In addition to being incorporated in Switzerland, the intention would be to list shares of Alcon on the SIX Swiss Exchange and the New York Stock Exchange.
DALLAS (April 13, 2018) – Dallas-based Polsinelli shareholder Jason A. Wietjes has been appointed to the 2018 board of directors for bionorthTX, a nonprofit, member-driven trade association serving and representing the life sciences industry in North Texas.
“We are pleased to welcome Jason to our board of directors for the coming years,” said Terry Foster, CEO of bionorthTX. “His presence elevates the stature of our board, and he will provide a depth of experience that complements and enhances our current board make-up. I truly believe we are stronger by having him.”
Composed of companies from North Texas’ largest employers to emerging startups, bionorthTX is committed to encouraging the development of a rich ecosystem that allows for the growth and success of North Texas life science companies, as well as to strengthening the economy of local communities. Through events, educational opportunities, networking and access to capital, bionorthTX bridges stakeholder relationships to catalyze partnerships and propel commercialization.
“I am eager to contribute to the board’s support and guidance of bionorthTX’s vital work connecting leaders to further the progress of the local life sciences ecosystem,” said Wietjes. “I look forward to the opportunity to utilize my background in, and passion for, biotech and biopharma to advocate on behalf of member companies to impact policy and continue the forward momentum that bionorthTX and its members have worked very hard to establish.”
As a shareholder in Polsinelli’s Intellectual Property practice group, Wietjes works with clients to strategically defend, enforce and monetize their intellectual property, with an emphasis on representing plaintiffs and defendants in complex intellectual property disputes. He represents clients in courts nationwide, including a long list of multi-million-dollar patent infringement suits involving an array of sophisticated technologies. In honor of his professional achievements, he has earned selection as a Barrister in the Honorable Barbara M.G. Lynn American Intellectual Property Inn of Court and recognition as a Texas Super Lawyers “Rising Star.”
A registered patent attorney with the USPTO, Wietjes is a member of the American, Texas and Dallas Bar Associations and the Intellectual Property Law Sections of each. He’s also a member of the American Intellectual Property Law Association, where he has served on the Biotechnology and Emerging Technologies committees, and is a past board member of the Dallas Chapter of Licensing Executives Society.
“Jason joining the bionorthTX board is another way for our firm to remain proactively involved in the thriving North Texas life sciences industry,” said Jon Henderson, managing partner of Polsinelli’s Dallas office and chair of the firm’s national Corporate and Transactional Practice Group. “We are proud and supportive of Jason’s work, both as an accomplished attorney and as an advocate for bioscience innovation and local economic growth.”
Highly active in the regional startup community, Wietjes also serves as a mentor at the Dallas Entrepreneur Center and Addison TreeHouse. He works with entrepreneurs, startup companies and their investors to evaluate and protect valuable intellectual property, assess risk and identify barriers to entry.
Wietjes earned his J.D. from the University of Nebraska College of Law and previously completed his bachelor’s degree in biochemistry at the University of Nebraska.
Polsinelli is an Am Law 100 firm with more than 800 attorneys in 20 offices. Ranked #24 for Client Service Excellence1 and #10 for best client relationships2 among 650 U.S. law firms, Polsinelli was also named among the top 20 best-known firms in the nation3. The firm’s attorneys provide value through practical legal counsel infused with business insight, and focus on health care, financial services, real estate, intellectual property, mid-market corporate, labor and employment, and business litigation. www.polsinelli.com | Polsinelli PC | In California, Polsinelli LLP
AUSTIN, TX | June 4-7, 2018 – Texas Healthcare and Bioscience Institute (THBI) will host the statewide BioTexas initiative by collaborating with The Office of the Governor and Texas Economic Development Corporation (TxEDC) to bring a delegation together for the 2018 BIO International Convention in Boston, Massachusetts June 4-7, 2018.
The BIO International Convention is the largest global event for the biotechnology industry, with more than 16,000 biotechnology and pharma leaders in attendance. The convention consists of one week of intensive networking to discover new opportunities and promising partnerships, offering Texas companies the chance to expand into the global market. Representatives in attendance benefit by gaining visibility in front of influential decision makers and engaging with valuable partners. The convention also features hundreds of sessions covering biotechnology trends, policy issues, innovations and specialized product focus zones.
Group organizers– The Office of the Governor, THBI, and TxEDC – will lead the Texas delegation, including representatives from the Cancer Prevention & Research Institute of Texas, The Texas Department of Agriculture, and more than 20 communities representing the diverse state of Texas. As a burgeoning leader in the biotechnology space, Texas’ attendance at BIO represents the state’s commitment to continue nourishing research and innovation. The rapid growth of the biotechnology industry within Texas has brought new discoveries in pharmaceutical development, treatment innovation, and medical research. Texas is home to one of the largest clusters of life science professionals in the U.S.
The Texas delegation organizers represent three key contributors and supporters of biotechnology growth in Texas. THBI is the only statewide public policy voice of the healthcare and bioscience industry. The organization works with industry leaders, public policy officials, and Texas communities to keep economic development opportunities competitive in the state. TxEDC promotes Texas as a premier business location and serves as the main resource for creating global awareness of the state’s business advantages. The Office of the Governor’s business development division serves as the official gateway for companies considering a relocation or expansion into the State of Texas.
To learn more about joining the Texas delegation or marketing your company in the BioTexas booth, email
email@example.com or call 512-236-1001.
2018 BIO International Convention attendees:
• 10/35 Economic Development Alliance
• Athens Economic Development Corporation
• BioNorth TX
• Cancer Insights
• Cameron School of Business, University of St. Thomas
• Cancer Prevention & Research Institute of Texas (CPRIT)
• Capital City Innovation
• Georgetown Economic Development
• Greater Conroe Economic Development Council
• Medical Center of the Americas Foundation
• Odessa Economic Development Corporation
• Office of the Governor
• Research Valley Partnership
• Round Rock Chamber of Commerce
• Texas Department of Agriculture
• Texas Economic Development Corporation (TxEDC)
• Texas Healthcare and Bioscience Institute (THBI)
• The Beck Group
• Tyler Economic Development Corporation
• UT Health San Antonio
• VGXI, Inc.
The Texas Healthcare & Bioscience Institute (THBI) is the Texas Policy voice for healthcare and bioscience and the only provider of statewide resources to our members and the industry. With a focus on using advocacy as a tool to create a more favorable environment for the life sciences, THBI works with government and industry leaders to attract new participants in the life sciences to Texas and to promote effective government legislation on behalf of the industry. The Texas Healthcare and Bioscience Institute is a nonprofit 501(c)(6) organization. Follow THBI on Facebook and Twitter.
Fort Worth, TX- April 10th, 2018 — Presage Solutions, a Fort Worth – based IT company dedicated to helping local startups and SMBs with their IT needs as they scale, has launched a virtual CIO (vCIO) program to assist Fort Worth businesses of all types in need of Managed Services and back-end operation support.
“The vCIO program allows us to partner with our client’s management to build the vision and strategy so that their technology solutions achieve the business goals and priorities. This way, our clients focus on operating their business and we operate and manage their IT strategy and execution,” said Jay Hamilton, CEO of Presage Solutions, Inc.
Startups and small businesses today are facing enormous pressure to build value and bring products to the market FAST. When they start to bring on customers, they need someone to support the product, service and growing business. Their choices are: support the product internally with existing engineers and resources, build the support team and infrastructure internally, or hire an outsourced support entity. “Our clients typically don’t need a full time CIO and have found that we alleviate a lot of headaches and have the experience and expertise to provide their businesses with exactly the technology mix they need to meet their goals through the use of our vCIO program. With this program we partner with their team and share in their success,” adds Hamilton.
Melanie Morris, marketing manager for Fort Worth, TX-based EOSERA, a small biotech startup, adopted Presage’s innovative vCIO program recently: “We managed all of our IT services in-house for as long as we could before realizing we needed a dedicated expert team to help better organize our business technology and prepare us for rapid growth. Presage has become an extension of our team, and we couldn’t be happier. Presage helped revamp our communications and shared calendars, and they helped build a more robust, cloud-based file sharing system. Those changes enabled us to bring incredible innovation and technology to market quickly.”
As a managed IT service provider, (MSP), Presage helps small and medium sizes businesses select, install and maintain their IT infrastructure. Services span from application development, to help desk, to implementing cloud architecture or a combination cloud and on premise for any hybrid strategy. The hybrid cloud strategy can leverage the clients on premise architecture or use Presage’s own co-located servers in their secure datacenter.
“We want to help local SMBs to be successful! If startups choose the right MSP and IT solution from the start, then whenever changes need to be made or problems arise, we are intimately familiar with the system they are working on. It is not enough to hire an IT company to hook up computers, set up a wireless system and install software updates. Small businesses need an MSP that can prepare them for the challenges of big data, the inevitability of tech problems and the opportunities of hybrid cloud storage,” says Hamilton.
Here are some recent testimonials on Presage’s IT services.
About Presage Solutions, Inc.
Presage Solutions, Inc. is a Fort Worth, TX-based managed services firm specializing in IT support for small and medium sizes business across all sectors. Presage guides small and medium sized business through the growth process with the latest cloud-based IT solutions. Presage offers network-based services, and application development and integrations, with a proven production method which joins people, process and technology to meet
We are proud to announce that our President and CEO, Kathleen Gibson, is the newest member of the bionorthTXBoard of Directors.
“It is a pleasure for Southwestern Medical Foundation to support bionorthTX as a member and as a member of the Board of Directors,” said Kathleen. “We consider it critical to the important North Texas region for community leaders to build best fertile environment for innovation in life sciences. Members of bionorthTX are devoted to driving needed progress in research and innovation to broadly benefit our region and businesses. It is an honor to help in building such a critical economic engine for our progress and way forward.”
bionorthTX was founded to accelerate the growth of the diverse and balanced life science ecosystem in North Texas, and they are developing fertile ground for innovation through key strategic actions, including:
- Hosting the Annual iC3 Life Science Summit, which just celebrated its 3rd year of providing a forum for thought leadership and collaboration across life science companies, academia, investors and more
- Elevating key organizations like Presage Solutions, Inc., which is stepping in with no-cost network security assessments and other support mechanisms for local small pharma and health care firms that need to scale their IT services
- Holding monthly networking and educational events for the community
“Through our many activities, people are able to share their knowledge, resources, and talents, and put them to work in the never-ending quest for better human health. We are indeed fortunate to have Kathleen Gibson join us now, bringing her insight and experience in this worthy pursuit.”
Frank Grassler, Chair, bionorthTX Board of Directors
“Over the course of a short three-year period, bionorthTX has catapulted into a position of leadership, advocacy, and professional engagement for the North Texas life sciences ecosystem and biomedical industry,” said Frank Grassler, Chair, bionorthTX Board of Directors. “Our many members bring dedication, energy, and talent to the network, knowing that engagement, communication, and interaction unlock barriers to research, development, and manufacturing. Through our many activities, people are able to share their knowledge, resources, and talents, and put them to work in the never-ending quest for better human health. We are indeed fortunate to have Kathleen Gibson join us now, bringing her insight and experience in this worthy pursuit.”
Presage Solutions, Inc. Enables Faster Growth, Smoother Sailing for Small Pharma and Healthcare Companies
Fort Worth, TX- January 23, 2018 — Growth prospects for small pharma businesses in 2018 are on fire. Investors are speculating that U.S. corporate tax reform will spur M&A. The average number of venture capital investments in small pharma and healthcare keep climbing. But while small pharma and healthcare firms focus their early years on gaining a market foothold, meeting compliance requirements, and attracting investment/acquisition interest, a challenge often strikes companies’ back-end operations: IT scaling.
In response, Fort Worth, TX-based Presage Solutions Inc. , which specializes in small pharma and healthcare companies in Texas, announced today limited-time (January through March 2018) network security assessments at no charge for small and medium-sized businesses in need of IT support services. These assessments yield a 400- to 500-page report detailing every on-premises computer and application along with prospective weaknesses, ramifications, and opportunities for remediation.
Businesses start with a few computers and the barest infrastructure. They add technology in patchwork fashion when needs demand it, but rarely is there an IT plan. By the time that five-person firm reaches 25 seats, bottlenecks manifest across file sharing, server resources, communications, and much more. Most small businesses lack the in-house IT expertise to remedy these issues – often with dire results unless corrective help arrives.
“Presage does not want to replace existing IT departments. We typically aide established IT groups, or serve as a contracted IT provider for small businesses, especially those in the Dallas/Fort Worth Metroplex. Services span from application development (for example, Hamilton created FoQIS for nursing facilities) to help desk, to implementing hybrid cloud architectures, all across Presage’s own co-located server racks,” said Jay Hamilton, Founder & CEO of Presage Solutions, Inc.
Al Guillem and ZS Pharma have been working with Presage for over a decade. Guillem brought Hamilton and Presage Solutions in to establish or bolster the various facets of ZS Pharma’s IT infrastructure and operations. That move, combined with a promising drug for removing excess potassium from the bloodstream, enabled the growth necessary to attract more equity investment and provide ZS Pharma with an infrastructure that could support fast, high-growth scaling.
“There’s an entire infrastructure that needs to operate smoothly around biotech operations, technical and commercial,” said Al Guillem, former president of ZS Pharma. “Everything from accounting to marketing – and that infrastructure is supported by IT systems. Without Presage Solutions, especially when we were small, I don’t know that ZS Pharma could have scaled up as well or as fast as it did. Other service providers might know the IT technology, but Jay [Hamilton] and Presage knew how to apply and manage that IT technology within our environment. Even as ZS Pharma sprouted an in-house IT department, Presage stayed on to help evolve the new group. Ultimately, AstraZeneca bought ZS Pharma for $2.7 billion and Presage continues to provide service to the growing giant.
Servicing Small Groups in a Big State
Deep experience in life sciences often gives Presage a valuable edge over competing IT services firms. For example, Hamilton has extensive knowledge of industry-specific regulations such as 21 CFR Part 11, which pertains to good manufacturing practices (GLP), Good Laboratory Practices (GLP) and encompasses the validation of IT systems related to product manufacturing, distribution, quality control, and quality assurance. An error in such areas has the potential negative outcome in the face of a recall or similar event. Presage’s life sciences expertise will help implement appropriate policies, procedures, and processes coupled with the technology solutions to help avoid these negative outcomes.
Beyond pharmaceuticals, Hamilton and Presage Solutions have extensive experience in navigating the healthcare market, especially for long-term care. The team understands which technologies best help in meeting HIPPA, PII, QAPI, and other healthcare market requirements – and how to implement them for maximum efficiency. Small companies lacking the staff resources to stay abreast of data mandates may be more profitable in the long-term by bringing in high-expertise managed service help.
“Our biotech startup, EOSERA, managed all of our IT services in-house for as long as we could before realizing we needed a dedicated team of experts to help us better organize our business from a technology standpoint, and better prepare us for rapid growth and expansion,” said Melanie Morris, marketing manager for Fort Worth, TX-based EOSERA. Presage Solutions has become an extension of our team, and we couldn’t be happier. Presage helped us move to a more sophisticated system for communications and shared calendars, as well as helped build a more robust (and cloud-based) file sharing system. Presage is positioned well to grow with our company and continue helping us prepare for the future.”
About Presage Solutions, Inc.
Presage Solutions, Inc. is a Fort Worth, TX-based managed services firm specializing in IT support for healthcare and life science companies. Presage guides small and medium sized business through the growth process with the latest cloud-based IT solutions. Presage offers network-based services, and application development and integrations, with a proven production method which joins people, process and technology to meet the high expectations of enterprise customers. For more information, visit http://www.presagesolutions.com/.
Dallas & Forth Worth (January 11, 2017) – bionorthTX President and CEO Harold Strong today announced that the annual Helix Award will be renamed the Dr. Dennis K. Stone Life Science Achievement Award in honor of Dr. Stone’s decades of service to the North Texas healthcare and life sciences community.
The award recognizes individuals for their achievements as innovators, leaders, mentors and educators in the healthcare and life sciences industry. Dr. Stone, former chief scientific officer of Remeditex Ventures and a longtime promoter of life sciences in the North Texas region, was the 2016 recipient of the Helix Award at bionorthTX ‘s annual iC3 summit on October 26th.
The award was presented to Dr. Stone’s family members, including his wife, Dr. Helen Hobbs, M.D., a professor at the University of Texas Southwestern Medical Center, and their son, Dr. Langdon Stone. M.D, University of Texas Southwestern Medical Center. The presentation of the award was made by Dr. Kern Wildenthal, president emeritus of the University of Texas Southwestern Medical Center, and president of the Children’s Medical Center Foundation in Dallas. “This award could not have been given to a more appropriate person. Dennis’ contributions to medicine, science and the community will result in a legacy his family can be very proud of,” said Dr. Wildenthal.
There has been an outpouring of accolades from area life sciences leaders for Dr. Stone and his contributions to the community:
“I can’t think of anyone who has done more to promote biomedical research, to promote the formation of companies, or to promote the North Texas biotech community than Dennis Stone. It is wonderful that bionorthTX picked Dennis as the 2016 recipient of this award, and I can’t imagine anyone being able to match his contribution. It is most appropriate for this award to be renamed in his honor,” said Warren Huff, CEO of Reata Pharmaceutical.
“A man as passionate as him (Dr. Stone) is rare, and his motivation to help/guide are from within, part of his DNA, and ever so deserving of an award as the helix award,” said Andrew Dennis, Ph.D., Managing Director of Office of technology Commercialization, M.D. Anderson Cancer Center,
“All of us here in the Office of Technology Development at the UT Southwestern Medical Center owe Dr. Stone a debt of gratitude for his years of service…Perhaps most importantly the patient population in North Texas, the U.S. and the world benefitted from the commercialization, mass production, and wide distribution of the medicines, treatments and technologies at UT Southwestern enabled under his watch,” concluded Frank Grassler, VP of Technology Development at UT Southwestern.
Novartis, the Swiss pharmaceutical giant that owns Alcon, is buying Encore Vision, a Fort Worth startup that has developed a drug to treat presbyopia.
Novartis said Tuesday that the acquisition would add a “first-in-class” treatment to its ophthalmology pipeline, “providing a potentially disruptive innovation to patients in a new therapeutic area of high unmet need and high prevalence.” Terms were not disclosed.
Presbyopia is a hardening of the eye lens experienced by about 80 percent of people over the age of 45, which results in loss of near-distance vision and the need for reading glasses. Encore’s EV06 eye drop, which softens the lens, has shown positive results in phase I/II clinical trials.
Life-sciences expansion means more local high-paying jobs for area
DALLAS & FORT WORTH, Texas–(BUSINESS WIRE)–The 2nd Annual iC3 Life Sciences Summit, hosted by bionorthTX, attracted 400 business, academic and government leaders who emphasized the significance of life sciences economic development for the region and highlighted its leadership in health care innovation.
bionorthTX iC3 Summit Draws 400 at UTA
“The success of this Summit reflects the tremendous progress being made by our companies and universities, with support from community leaders, in improving people’s health and well-being here and across the globe,” said new bionorthTX President and CEO Harold Strong. “Summit attendance was up 50% from our first year, demonstrating a strong local commitment from these professionals to work together in promoting the growth of our region’s life sciences ecosystem. I want to thank all of our speakers, attendees, sponsors and volunteers for making the Summit a huge success.”
The 2016 iC3 Life Sciences Summit featured 32 expert speakers commenting on the themes of Innovation, Collaboration, Capital Formation and Commercialization. The day-long event also included an exhibit hall with 25 companies and industry supporters and poster presentations from academic researchers promoting their science and start-up companies seeking funding.
Among the highlights was a panel discussion with Fort Worth Mayor Betsy Price and Arlington Mayor Jeff Williams discussing the positive impact of the life sciences industry not only in creating high wage jobs, but in fostering improvements in secondary education to ensure the region’s students can compete for these high-tech positions.
The Summit, held Oct. 26 at the University of Texas Arlington College Park Center, also included panel discussions on scientific progress in cancer research, advances in delivery of health care to patients, and state legislative efforts to support life sciences innovation. Click here for details on the Summit agenda and full line-up of speakers.
This year’s Helix Award, which recognizes contributions to the growth of the region’s life sciences industry, went to Dr. Dennis Stone, Chief Scientific Officer of Remeditex and longtime promoter of life sciences in the North Texas region. The award was presented to Dr. Stone’s family members including Dr. Helen Hobbs and their son Dr. Lang Stone. The presentation of the award was made by Dr. Kern Wildenthal, president emeritus of the University of Texas Southwestern Medical Center, and president of the Children’s Medical Center Foundation in Dallas.
“This award could not have been given to a more appropriate person. Dennis’ contributions to medicine, science and the community will result in a legacy his family can be very proud of,” said Dr. Wildenthal.
“The Summit is the one place each year our industry, academic and government professionals can come together to network and discuss issues directly related to the success of their endeavors and economic health of our region,” said Strong. “We look forward to building on the momentum of this year’s conference, and a full calendar of more targeted events, to make next year’s Summit an even bigger success.”
North Texas is home to 1,000 life science and medical technology related companies, six major universities and more than 26,000 industry professionals. For information on membership in bionorthTX and upcoming events visit www.bionorthtx.org.
bionorthTX is an independent, non-profit 501(c)(6), member-driven trade association serving and representing the life science industry in North Texas. Member companies range from North Texas’ largest employers to emerging start-ups, universities, research institutions, hospitals, investors, students, individuals and vendors who provide products and services to the life science industry.
bionorthTX was created to accelerate the growth of the diverse and balanced life science ecosystem in North Texas, which spans the value chain of healthcare, life sciences, research, the vendor community, and talent and capital resources. bionorthTX bridges these stakeholder relationships to catalyze partnering and propel commercialization forward at a faster rate than what these entities could do on their own in such a large region.