Gov McDonnell on Life Sciences & Job Creation

In a recent Op-Ed on job creation, Virginia Governor Robert McDonnell highlighted the importance of the bioscience industry in the commonwealth: Governor McDonnell: "Investing in emerging markets is imperative to sustained economic recovery. Because of the funding approved by Virginia's legislature, we will be launching a new $5 million life-sciences initiative to help research universities around the state conduct targeted, strategic and collaborative life-science research and development. Life sciences are an emerging sector of our economy with enormous growth potential at Virginia Tech and our other research universities. This funding has the potential to put Virginia at the forefront of a rapidly growing industry." Click here for the full article: http://www.roanoke.com/editorials/commentary/wb/309082

McDonnell adds $44M in budget amendments

Virginia Gov. Bob McDonnell has added nearly $44 million in amendments to the state budget, including funding for economic development and education initiatives.
McDonnell submitted the amendments before the Friday midnight deadline to make changes to the two-year, $85 billion budget passed by the General Assembly last month, his office said Saturday.
As part of the proposed chan-ges, McDonnell seeks to restore $19.5 million in economic development funding, including money to entice Hollywood to film movies in Virginia and a program designed to lure private capital to life-science research projects at several state-supported universities. Lawmakers had removed about $47 million in economic development funding from McDonnell's original spending plan.

"I believe strongly that Virginia must invest in attracting and retaining private-sector job creators and capital," McDonnell said in a statement.

"This strategic investment in attracting and supporting private-sector job creation is crucial to ensuring that the 250,000 Virginians who are still looking for good-paying jobs to feed their families secure employment in the years ahead."

McDonnell also preserved nearly $881 million in new funding for K-12 and higher education, and also proposed an additional $2.7 million in funding to recruit teachers in science, math and technology disciplines and to fully fund a third-grade reading program.

The Republican governor, at the request of several General Assembly leaders, also proposed an amendment that would treat state legislators and statewide office holders the same as state employees regarding pension plan contributions.

"Similar to requirements passed in 2011 for state employees, this amendment would require elected officials to contribute 5 percent of their income toward their Virginia Retirement System pensions, offset by a 5 percent increase in compensation when constitutionally permitted," McDonnell's office said in a news release.

McDonnell also wants to fund a 3 percent bonus for state employees in November 2012 relying on savings from state agencies by the end of the 2012 fiscal year, and a 2 percent raise for state employees in fiscal year 2014.

To pay for the amendments, the governor is has proposed transferring an unused portion of a previous debt allocation to new capital project, transferring certain year-end balances, and spending cuts.

The General Assembly will reconvene May 14 to take up the governor's amendments.

After voting against the $85 billion budget needed to fund Virginia government three times over the past two months, the state Senate abruptly took up and passed the spending plan last month after Sen. Charles Colgan, a senior Democratic lawmaker from Prince William County broke ranks.

The budget bill remained alive because the special session to act on it was recessed — not adjourned. As the political fallout settled in, the bill was called up for reconsideration in the Senate and, without debate, passed 10 1/2 weeks before the current budget expires June 30.

The spending blueprint for the 24 months beginning July 1 totals nearly $85 billion in combined appropriations, up from about $80.7 billion for the biennium that ends June 30.

By:  The Associated Press
Newsleader.com

Open Biotech Faculty Position at NVCC

Northern Virginia Community College has a full-time permanent biotechnology faculty position opening at the Manassas Campus.  View the position description here.

2012 Virginia State Science and Engineering Fair Awards for Biotechnology

Virginia Bio, in conjunction with the Virginia Bio Foundation, presented awards at the 2012 Virginia State Science and Engineering Fair on Saturday, April 6, 2012, at Old Dominion University in Norfolk. The volunteer judges studied the abstracts prior to their arrival at the Fair and then voted on the top projects to interview one-on-one at the event. Photos from the competition are available here.

"It was hard to choose among so many outstanding projects," said Mark A. Herzog, Virginia Bio executive director. “The judges were extremely impressed by the caliber of the work.”

After talking with each of the students, the judges made their final selections:

First Place: Sachith Gullapalli of Roanoke
Project: "Do nPKC isoforms mediate lipid-induced beta cell dysfunction?"

Second Place: Bina Wasunga Kakusa and Connor Thomas Hann of Fairfax
Project: “Mind Controlled Wheelchair”

Third Place: Andrea Li of Fairfax
Project: “Histone Deacetylase 1: Modification by cAMP-dependent Protein Kinase and Promotion of Recovery from Demyelinating Diseases.”

Congratulations to all of the students for their outstanding projects.

Thank you to our Virginia Bio judges:
David Anderson, Vice President Scientific Affairs, Lyotropic Therapeutics, Inc.
Michael Francis, Research Associate, LifeNet Health
Mark Herzog, Executive Director, Virginia Bio
Eugene Maurakis, Director of Science Education, Science Museum of Virginia
Roy Ogle, Director of Regenerative Medicine, LifeNet Health
Patrick Sachs, Research Associate, LifeNet Health
Silvia Chen, Director of Research, LifeNet Health
Kurt Langenbach, ATCC


The winners are encouraged to apply for the 2012 Virginia BioGENEius Challenge team that will compete at the national challenge in June at the BIO Convention in Washington, DC. The deadline for applications is April 15. For more information, please visit www.vabiofoundation.org.

VCU Researchers Discover Cancer Killing Compound

New compound discovered that rapidly kills liver cancer

March 13, 2012

Scientists have identified a new compound that rapidly kills hepatocellular carcinoma (HCC) cells, the most common form of liver cancer and fifth most common cancer worldwide, while sparing healthy tissue. The compound, Factor Qunolinone Inhibitor 1 (FQI1), works by inhibiting an oncogene originally discovered by a team of researchers led by Devanand Sarkar, M.B.B.S., Ph.D., Harrison Scholar at Virginia Commonwealth University (VCU) Massey Cancer Center, Blick Scholar and assistant professor in the Department of Human and Molecular Genetics and member of the VCU Institute of Molecular Medicine at VCU School of Medicine.

Recently published in the journal Proceedings of the National Academy of Sciences, the study demonstrates that HCC cells have what is known as an "oncogene addiction" to the transcription factor Late SV40 Factor (LSF). Oncogene addiction is a term used when a cancer cell is found to be dependent on a single gene to survive. Using the compound Factor Qunolinone Inhibitor 1 (FQI1), the scientists prevented LSF from binding to HCC DNA during the transcription process, which is the first step in a series of actions that lead to cell division and duplication. This action caused rapid HCC cell death in laboratory experiments and a dramatic reduction in tumor growth in mouse models with no observable toxicity to normal liver cells.

"We may be on the verge of developing a new, effective drug for liver cancer," says Sarkar. "In the last 2-3 years, my laboratory demonstrated the role of LSF in liver cancer and my collaborators at Boston University screened over 110,000 compounds to identify the ones that inhibit LSF function. FQI1 was identified as one of a class of effective compounds, but we never anticipated it would work this well."

Sarkar discovered LSF's role in liver cancer in 2010 when he demonstrated significantly higher LSF levels in HCC patients in comparison to healthy individuals, and showed that inhibition of LSF reduced the progression of HCC in laboratory experiments. This finding led to the collaboration between VCU and Boston University that resulted in the discovery of FQI1.

Now that FQI1 has been identified, pharmacokinetic studies are being conducted to determine how the drug behaves in the human body. Once the scientists have determined how the drug is absorbed, distributed, metabolized and eliminated from the body, they will work with clinicians to translate their findings into phase I clinical trials in patients with liver cancer.

"We have proven this compound is effective and nontoxic in living animals," says Sarkar. "While we won't know how FQI1 reacts in humans until the first clinical trial, we are very excited by our findings and hope they lead to a new drug for a disease that is currently very difficult to treat."

The lead investigators on this study were Trevor J. Grant and Joshua Bishop, Ph.D., from Boston University. In addition to Grant and Bishop, Sarkar collaborated with Ayesha Siddiq, Ph.D., Rachel Gredler and Xue-Ning Shen, M.D., from VCU School of Medicine; Jennifer Sherman and Kevin Fitzgerald, Ph.D., from Alnylam Pharmaceuticals, Inc.; Sriharsa Pradhan, Ph.D., from New England Biolabs, Inc.; Laura A. Briggs, Ph.D., and William H. Andrews, Ph.D., from Sierra Sciences, LLC; and Lisa Christadore, Girish Barot, Ph.D., Hang Gyeong Chin, Sarah Woodson, John Kavouris, Tracy Meehan, Scott E. Schaus, Ph.D., and Ulla Hansen, Ph.D., from Boston University.

The full manuscript is available online at: http://www.pnas.org/content/early/2012/03/02/1121601109.full.pdf+html

Link is here.

WBJ: CIT "GAP" Fund May Face Budget Cut

Here is today's story by Bill Flook about the Virginia House and Senate budgets and how CIT's early stage equity fund may fare...

The state nonprofit fund that supports Virginia tech companies is facing steep cuts from the General Assembly, setting up a potentially jarring financial reduction after a banner year.
The House and Senate have cut Gov. Bob McDonnell’s funding proposal for the Herndon-based Center for Innovative Technology and its GAP Funds program, though the budget has yet to be finalized.
The CIT GAP Funds is in the middle of a record stretch. Since July, the group has doled out funds to more than 20 startups — topping any year since its 2005 founding. About half of those deals closed since the beginning of this year. That’s in large part due to record funding. This fiscal year, the group has had $6 million at its disposal: $4 million in state appropriations and $2 million in stimulus cash from the Department of Energy.
Officials with the Center for Innovative Technology, a state-funded nonprofit, aren’t expecting another infusion from the federal government, which was always seen as a one-time funding source. But spending proposals by both the Virginia House and Senate are also threatening to shrink the perennial state dollars upon which CIT depends, returning it to the fiscal uncertainty that has long plagued the group. When CIT won its record $6 million in funding, for example, it was coming off a year in which it had only $500,000 to invest.
“We have a huge pent-up demand for these funds,” said Hap Connors, CIT’s vice president of government and public affairs. “We’re hearing from the marketplace, industry and universities both, that they need a reliable source of funding from these programs, or else it will lose credibility and they won’t participate.”
CIT GAP Funds’ recent deals include:
○ Norfolk-based financial software startup Harbinger Technology Solutions LLC.
○ McLean-based solar-powered water heater company Sunnovations Inc.
○ McLean-based professional networking site Brazen Careerist Inc.
○ Villagize.com, an Oakton-based social network.
○ Charlottesville-based drug developer Xdynia LLC.
○ Distil Inc., a cloud security company based in Falls Church.
○ Bristol-based WireTough Cylinders LLC, which makes lightweight natural gas tanks.
The fund typically parcels out investments as large as $100,000 when investing alone, or as much as $500,000 when joining with other angels or venture funds.
That growth in check writing has elevated CIT’s profile among a cash-hungry local startup community, as well as fellow seed investors. Jonathon Perrelli of D.C.-based Fortify Ventures LLC, which has co-invested with CIT, calls the team “talented” and “active.”
The question now is how active the group will be in the coming two years after it deploys the rest of its $4 million appropriation by the end of the fiscal year in June.
McDonnell proposed in his two-year budget to keep CIT’s funding level at $4 million for both fiscal 2013 and 2014, but both the House and Senate have taken their own, more tight-fisted route.
The two-year spending plan put forth by the GOP-controlled House would put about $3 million for each of the next two years into CIT Gap Funds.
The Senate’s plan is more complicated. It would grant $4 million to the fund in fiscal 2013 but eliminate funding in the second year.
That could change, however, depending on whether the $1.2 trillion in automatic federal budget cuts are triggered in 2013.
Leaders from each chamber are locked in a stalemate over the budget, which must be approved by March 10 to prevent legislative overtime.
There is no guarantee that the final budget will look anything like the versions approved by the House or Senate.
“Based on reports we got from the General Assembly, we are optimistic of having a healthy fund from which to invest in the upcoming year,” said Tom Weithman, managing director of CIT GAP Funds.

Breaking: NC Joins Mid-Atlantic Bio as Strategic Partner

Exciting news today from RTP!

The Mid-Atlantic Bio conference today announced that the North Carolina Biotechnology Center has joined the Virginia Biotechnology Association (VABIO), Tech Council of Maryland (TCM), and Mid-Atlantic Venture Association (MAVA) as a 2012 strategic partner. The addition of North Carolina to the Mid-Atlantic Bio geography solidifies the conference’s position as the leading regional life-sciences event. Expected to attract more than 1000 attendees from industry, government, academia, the investment community and the media, Mid-Atlantic Bio is 2012’s can’t miss event. Mid-Atlantic Bio will be held on September 27-28 at the North Bethesda Marriott and Conference Center in Bethesda, Maryland.

In announcing their partnership, Norris Tolson, President & CEO of the North Carolina Biotechnology Center, said, “The Mid-Atlantic region and its portfolio of federal government, emerging company and investment sector assets holds great potential for the life sciences. North Carolina, which has fostered unprecedented growth through three decades of attention to biotechnology, is delighted to join forces to promote the continued expansion of the sector and strength of the region.”

Bioscience industry leaders from North Carolina’s Research Triangle will join senior executives from more than 200 companies, 50 investment funds and researchers from the Mid-Atlantic region’s top academic institutions.

“Mid-Atlantic Bio is an important expression of the vitality of the biotechnology community in the mid-Atlantic region,” said H. Thomas Watkins, President and CEO, Human Genome Sciences, and Chair of the Maryland Life Sciences Advisory Board. “We look forward to expanding regional participation to include North Carolina, and we expect this year’s meeting to provide evidence of a gradually improving economic outlook in the life sciences sector.”

With the addition of North Carolina to the existing collaboration between Maryland and Virginia, Mid-Atlantic Bio 2012 will expand the critical mass of innovators and entrepreneurs that make it a destination for investors.

According to David Mott, General Partner, NEA and former CEO of MedImmune, “As investors, we’re about ROI. From our perspective, a larger event, one that draws attendance from leading industry clusters and centers of excellence – both in and outside this region’s footprint – as well as offers unparalleled access to policymakers in Washington, is a unique and valuable conference platform. The 2012 Mid-Atlantic Bio is well positioned to provide key insights for investors as to the pulse of the industry – from policy to pipelines. This means more VCs, more investment opportunities, more high value attendees from the private and public sectors, more media, and more clarity as to what’s going on in Washington. In other words, this is where business from Maryland to North Carolina will get done.”

“If you are searching for business development and investment prospects in today’s resource constrained world, you are going to prioritize where the greatest opportunities are. That’s Mid-Atlantic Bio. It’s the biotech combine and our members will have their scouts there,” said Julia Spicer, Executive Director, MAVA, which represents 500+ venture and private equity investment professionals with cumulatively more than $90 billion under management.

“Mid-Atlantic Bio has long been a dynamic event thanks in large part to our strategic proximity to key stakeholders from NIH, FDA, NSF, CMS and the U.S. Congress here in our backyard. Now, with the addition of North Carolina, this event will engage an even broader constituency comprising one of the largest bioscience regions in the nation in terms of innovation and commercial output,” said Art Jacoby, Interim CEO, Tech Council of Maryland.

The multiplier effect of North Carolina’s participation cannot be overstated. “This partnership represents a rare platform to bring together influential stakeholders for the benefit of our companies and the industry as a whole,” said Mark A. Herzog, Executive Director, VABIO, on behalf of the Mid-Atlantic Bio Coalition. “Having already offered world-class collaboration, best practices exchange and networking opportunities in the past, North Carolina is the catalyst which will propel Mid-Atlantic Bio, its sponsors and attendees, into the national spotlight.”

Located at the epicenter of biotech R&D, capital and policy, the combined Mid-Atlantic Bio region represents one of the largest industry clusters in the nation in terms of number of companies, size of workforce, funding, innovation, clinical trials and commercial opportunities.

For more information visit midatlanticbio.org

8 New Bioscience Jobs Posted on VABIO Career Center

Here are eight new life science jobs available in Virginia! Please share with colleagues:

Mass Spec Lab Technologist (3rd Shift)
Health Diagnostic Laboratory, Inc. - Richmond, VA
This key team member will be responsible for performing LCMSMS, GCFID, electrophoresis or other advanced technological testing on patient specimens. Essential Functions/ Responsibilities (other duties may be assigned): The Mass Spectrometry Laboratory Technologist is responsible for performing moderate and high complexity testing with strict adherence to regulatory requirements. All of the duties and responsibilities will be performed according to laboratory guidelines and procedures.

Molecular Lab Technologist (3rd Shift)
Health Diagnostic Laboratory, Inc. - Richmond, VA
The Laboratory Technologist in the Molecular Genetics department, is responsible for performing moderate and high complexity testing with strict adherence to regulatory requirements. All of the duties and responsibilities are performed according to laboratory guidelines and procedures.

Research Associate
Ceres Nanosciences, Inc. - MANASSAS, VA
Ceres is currently searching for a Research Associate to join our expanding Research and Product Development Team. The Research Associate will perform advanced lab procedures, collect/process/analyze biological fluids (and develop assays), write/amend/implement SOPs and perform tasks to support our current customers. The research associate will contribute to the development of biological sample collection and preparation tools from concept to commercialization.

Senior Scientist
Novozymes Biologicals, Inc. - Salem, VA
We are seeking an energetic, results-oriented Senior Scientist to join our R&D team, to investigate the use of microorganisms for feed and agricultural applications. Activities include developing research plans, isolating and identifying microorganisms, developing laboratory assays to screen for desired properties, and developing methods and techniques for tracking presence and effectiveness of microorganisms in use.

Senior Web & Intranet Content Editor
Janelia Farm Research Campus - Ashburn, VA
Do you desire to work on a cutting edge, non-traditional website that is visually engaging and interactive? This not your usual corporate website. Working at our Janelia campus, interested candidates can expect to join forces with bright, passionate, committed staff and some of the rock stars of the scientific community. An ideal candidate thinks outside-of-the-box by developing strategies to continue evolving the site to best meet the need of its customers, and taking the site to the next level

Special Chemistry Lab Technologist (2nd & 3rd Shift)
Health Diagnostic Laboratory, Inc. - Richmond, VA
As a Laboratory Technologist you will be responsible for performing moderate and high complexity testing with strict adherence to regulatory requirements. All of the duties and responsibilities will be performed according to laboratory guidelines and procedures.

Technical Specialist
Health Diagnostic Laboratory, Inc. - Richmond, VA
This key team player will support the laboratory with technical instrumentation and assay expertise by facilitating the purchase, acquisition, programming, operation, training and troubleshooting of laboratory instruments. This individual may also assist with managing the daily operation of the laboratory.

Medical Sales Territory Manager - Nationwide
Milliken Healthcare Products, LLC - Various US Locations, SC
The Account Manager role is responsible for aggressively defending and rapidly expanding a specific geographic region by driving new business development. This role will be responsible for protecting current business, prospecting new opportunities, delivering intense customer support along with industry networking and education as well as meeting bold year over year business growth objectives. This role reports to the National Sales Manager.

View more jobs at the VABIO Career Center