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© LifeScience Alley 2012
LifeScience Alley is…
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Improving the operating environment for life science companies
The largest state-based trade association serving the life sciences in the U.S.
Nearly 700 members, in industries employing over
300,000 people
© LifeScience Alley 2012
Locally Focused — Global Reach
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700 Members
© LifeScience Alley 2012
• Mayo Clinic• Essentia Institute• Allina-Sister
Kenny
• U of M• Community
Colleges & Tech Schools
• MnSCU• Private Colleges
• Minnesota• Canadian
provinces• European
countries• Other states
& countries
• Consultants• Attorneys• Clinical studies
groups• IT/Software• Labs
• Cargill• Segetis• BioAmber
• Biovest• SurModics• WuXi AppTec• Sanofi• DiaSorin
• Upsher-Smith• CIMA Labs• Antares Pharma
• Medtronic• St. Jude Medical• Boston Scientific• 3M• Covidien
Convening the Life Science Ecosystem
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© LifeScience Alley 2012
Improving the Environment Through
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Advocating
Making Connection
s
Educating
Membership
Cultivating Innovation
© LifeScience Alley 2012
Advocating
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Working with legislators and other organizations
Coordinating with industry partners
A solutions-based agenda for shaping policy to benefit the life sciences
© LifeScience Alley 2012
Making Connections
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Over 10,000 referrals and introductions per year Nearly 100 programs to
foster community growth and professional networking
Facilitating industry-level problem solving in a neutral environment
© LifeScience Alley 2012
Educating
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Nearly 100 educational programs per year
Class topics are member selected and conducted by
industry leaders
Keeping Minnesota’s life science workforce up-to-date on skills and
trends
© LifeScience Alley 2012
Cultivating Innovation
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Developing qualified people Assessing technology
Fostering an environment of commercialization for member
industries
© LifeScience Alley 2012
Minnesota Community by the #’s• Overall 48,000 jobs, 1,600 companies
• Industry grew 20% in MN compared to 6% nationally from 2000-2010 (Battelle Report).
• Bio/pharma sector grew 54% in MN. Nationally declined 3% from 2000-2010.
• Slight growth since 2010.
© LifeScience Alley 2012
Employment Trends: Flat/Slightly Up
• Industry bottom Q3 2009.
• Q3 2011 back to pre-recession high.
• Surprise stat: Electromedical device employment has grown for 2 quarters after shrinking for 7 quarters.
© LifeScience Alley 2012
New Company Formation
© LifeScience Alley 2012
Investment Trends: Improving• 2012: $188 million in life science
investment across 84 companies.
• 2013 YTD: $301 million across 82 companies.
�̶10 PMA’s�̶11 drug firms�̶8 Health IT
© LifeScience Alley 2012
Core/Mature MarketsHistorical growth in Minnesota has been driven by these sectors:
• Cardiac Rhythm Management• Vascular (cardio, endo, peripheral)• Orthopedic
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© LifeScience Alley 2012
Emerging MarketsEmerging areas for future Minnesota growth include:
• Neuromodulation• Drug delivery• Cell therapy • Diagnostics• Health IT
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© LifeScience Alley 2012
FDA ReformSlow device approval process harms Minnesota more than anywhere:
• Highest per capita # medtech employees• Highest per capita PMA filings
In response LifeScience Alley led the effort to create the Medical Device Innovation Consortium.
www.mdic.org
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© LifeScience Alley 2012
Medical Device TaxMinnesota is responsible for ~25% of the tax
• MN delegation united in repeal (only state)
• Opportunity in broader tax reform discussion
• Need your continued involvement
LifeScience Alley is leading efforts towards repeal.
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© LifeScience Alley 2012
Life Sciences in France•France Biotech founded in 1997 (www.france-biotech.org/en/)
•France is one of the top 5 medical device markets in the world
•France is considered a top market for clinical research and trials of surgical tools and interventional medical devices because of their surgical excellence
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© LifeScience Alley 2012
Leveraging Your Diverse NetworkStrength of Weak Ties Theory
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Family
You
Friends
Colleagues Neighbors
ProfessionalContacts
SharedHobby
Alumni
?
© LifeScience Alley 2012
Tips For Successful Networking•Networking opportunities are everywhere•Get to know people personally & professionally by asking questions and looking for common ground•Build your network before you need it•Being helpful to others will make you more essential•If you take a strategic view of building and leveraging your LinkedIn network, it will begin working powerfully for you•Look for ways to constantly diversify your network•Engaging with your contacts as much as possible will make fluid networking become a habit
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