BioOhio

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When should you take on venture debt? When you don’t need the money

Debt isn’t always a dirty word in the world of startups. Yesterday I heard John Hoesley from Silicon Valley Bank give a brief presentation on venture debt as a funding mechanism for startups at a capital connections event hosted by BioOhio. He mentioned that SVB has seen an uptick in its venture debt business over […]

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Ohio groups form coalition to promote state’s biomedical industry

Several Ohio groups have joined together in an effort to promote the state’s biomedical industry with an organization they’re calling “We Work for Health Ohio.” Ohio becomes one of 16 states, which include Indiana and Pennsylvania, to have its own “We Work for Health” initiative, according to a statement from the new organization. We Work […]

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BioOhio to partner with Chinese life sciences development group

Economic development group BioOhio has established a partnership with a similar Chinese organization that it hopes will lead to new business and research opportunities for Ohio life sciences companies. The pact with the Beijing Pharma and Biotech Center is designed to promote development of biomedical companies that will have offices, research and development facilities, and […]

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Ohio drug, therapy companies share limelight at BIO convention

The Biotechnology Industry Organization international convention returns to Chicago this week — a nod to the importance of pharmaceutical and therapeutic companies in Midwestern states like Ohio. Drugmaking has history in Ohio. From Procter & Gamble Pharmaceuticals (NYSE: PG) in Cincinnati (sold last year to Irish drug company Warner Chilcott), to generic drugmakers Ben Venue […]

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Ohio bioscience industry continues path toward global powerhouse

Updated 10:11 a.m., April 1, 2010. The Ohio bioscience industry grew by several measures through the recent economic downturn, continuing its decade-long path from a promising opportunity to a global powerhouse, according to Tony Dennis, president and chief executive of BioOhio. “Ohio’s aggressive and sound investment strategies in the biosciences are delivering results in the […]