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Category: Business/Technology

Stem cell business ventures span the globe

Milwaukee Journal Sentinel

Two high-profile California companies – neither of which makes a profit – are the business face of embryonic stem cells in the United States.

Geron Inc. and Advanced Cell Technology Inc., which moved to California from Massachusetts in February, have publicly carried the torch for the promise of embryonic stem cells to produce therapies for spinal cord injuries and for diseases ranging from diabetes to Alzheimer’s.

Both are linked to Michael West, Advanced Cell Technology’s top executive and chief scientific officer. West founded Geron and oversaw its funding of some of the research that led to University of Wisconsin-Madison scientist James Thomson’s isolation of human embryonic stem cells in 1998.

From UW-Madison labs to the marketplace

Milwaukee Journal Sentinel

For years, two of Wisconsin’s least-known exports have been among its most valuable: the intellectual and investment capital that help power the economic engines of states such as California and New York.

The Wisconsin Alumni Research Foundation, among this country’s most successful university patenting and licensing organizations, has licensed most of the University of Wisconsin-Madison’s life sciences technologies to out-of-state companies.

The State of Wisconsin Investment Board – the 25th biggest pension fund in the world, managing $76 billion – has used firms that focus on places such as Boston and the Silicon Valley to make virtually all of its venture capital investments in young businesses.

Stem cell work crosses boundaries

Milwaukee Journal Sentinel

The work of Wisconsin stem cell scientists is re-emerging as some of the most promising in the world, eight years after the era of human stem cell research dawned in a lab here.

The focus on fundamental research at the University of Wisconsin-Madison has been eclipsed at times by the quest for dramatic breakthroughs and massive government funding elsewhere.

From UW-Madison labs to the marketplace

http://www.jsonline.com/story/index.aspx?id=418178
For years, two of Wisconsin’s least-known exports have been among its most valuable: the intellectual and investment capital that help power the economic engines of states such as California and New York.

The Wisconsin Alumni Research Foundation, among this country’s most successful university patenting and licensing organizations, has licensed most of the University of Wisconsin-Madison’s life sciences technologies to out-of-state companies.

The State of Wisconsin Investment Board – the 25th biggest pension fund in the world, managing $76 billion – has used firms that focus on places such as Boston and the Silicon Valley to make virtually all of its venture capital investments in young businesses.

Now human embryonic stem cells, first isolated in UW research labs, are providing a once-in-a-generation opportunity to change that dynamic.

Building commission gives the go-ahead to stem cell facility

Daily Cardinal

Gov. Jim Doyle moderates at the State Building Commission meeting Wednesday. The Commission approved the building of a biotechnology research facility on campus. (Justin Koenig/The Daily Cardinal)
The State Building Commission agreed to pay $50 million in state funding for the preliminary phase of the Wisconsin Institute for Discovery Wednesday, finalizing approval by a seven-to-one vote. The Institute would provide an interdisciplinary biotechnology research facility on the UW-Madison campus.

Lincoln, Neb. publisher to lead State Journal

Wisconsin State Journal

Bill Johnston is coming home.
He’s been gone a while. The Janesville native and UW- Madison graduate who began his newspaper career 33 years ago delivering ad proofs for Madison Newspapers (now Capital Newspapers) was named publisher of the Wisconsin State Journal Tuesday.

UW MBA students take competition

Capital Times

A team of UW-Madison MBA students placed first in the annual Center for International Business Education and Research MBA International Business Case Competition, held here earlier this month. MBA student teams from across the globe took part.

Give research center unconditional OK

Wisconsin State Journal

Message to the State Building Commission:
Wednesday you will be considering a proposal for a $150-million public-private hub for biomedical research at UW-Madison. This new kind of “sci-tech” research center, called the Wisconsin Institutes of Discovery, would give our state a chance to lead the nation in curing disease, creating jobs and training the next generation of leaders.

Don’t blow it.

Rennebohm not landmark, commission says

Wisconsin State Journal

Tuck the memories of hot fudge sundaes and grilled Danish into tissue.
With regrets all around, the Madison Landmarks Commission on Monday decided the Rennebohm Building at 1353 University Ave. isn’t a city landmark.

That unanimous decision means that UW-Madison can bring a little less guilt to the city Plan Commission Wednesday when they unveil the first stage of the Institutes of Discovery, a $375 million state-of-the-art research center to be built on a wedge of land between University and Randall avenues and West Johnson and Charter streets.

Weekly laurels and laments

Milwaukee Journal Sentinel

The University of Wisconsin-Madison ranked fifth among American universities in the number of patents it was awarded in 2005, up from eighth in 2004, the U.S. Patent and Trademark Office has announced.

County transit planning revs up

Capital Times

Transport 2020 meeting set

Planning for future transportation needs in Dane County and Madison is going into high gear.

Transport 2020, the long-range study jointly sponsored by Madison, Dane County and the state, will concentrate on refining its initial recommendation over the next 16 months, hoping to come up with a final recommendation in summer 2007.

Competition fierce in biotech

Milwaukee Journal Sentinel

More than a dozen governors made appearances last week at Bio 2006. But states now chase molecular biologists the way they once chased smokestacks. And biotechnology’s progress and its potential has states and countries’ scrambling to establish themselves as centers – or at least participants – in what is considered the industry of the future.

Biotech Gets Warm Reception

Wisconsin State Journal

From the 95th floor of the John Hancock building, with the sun setting in colorful streaks above the glittering lights of Chicago, the view was spectacular for the 250 people attending an invitation-only Wisconsin reception Monday night for participants at BIO 2006, the biotechnology industry’s annual convention.

Natural gas prices are up to stay, energy forum told

Milwaukee Journal Sentinel

The price of natural gas is expected to remain both volatile and high for years, making it all the more urgent for businesses and homeowners to take steps to reduce their usage, energy experts said Wednesday.
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“High energy prices are not temporary, they are the new reality,” said Dan York, senior research associate with the American Council for an Energy-Efficient Economy, during a forum sponsored by the University of Wisconsin-Madison’s Public Utility Institute. “Midwest states must plan accordingly.”

UW up to fifth in patents in U.S.

Capital Times

UW-Madison moved up to fifth last year from eighth in 2004 in the rankings of universities or university systems with the most intellectual property activity, the U.S. Patent and Trademark Office announced.

UW-Madison was awarded 77 patents in 2005, up from 64 in 2004 and the most in the Big Ten.

More B-Schools Add Sales Courses

At the University of Wisconsin, Procter & Gamble has developed a seminar covering persuasive selling, the art of negotiation and other skills, as well as a sales competition for M.B.A.s. In the contest, student teams pitch a new Pantene shampoo line to two P&G managers and a buyer from Target.

The legal lock on stem cells (Los Angeles Times)

Los Angeles Times

California’s $3-billion stem cell program has encountered repeated setbacks since it was approved by voters 17 months ago. Now it faces an entirely new and potentially even more worrisome challenge arising from two powerful patents ââ?¬â? patents No. 5,843,780 and No. 6,200,806, to be exact ââ?¬â? which cover all human embryonic stem cells and the method by which they’re made.

Patents are supposed to stimulate innovation. That’s why they exist. But it appears that these two patents, held by a foundation affiliated with the University of Wisconsin, may exert a dangerous monopoly over all future research in the field ââ?¬â? one that may pose an even greater long-term threat to stem cell science than the Bush administration’s federal funding ban.

Madison wins plaudits at BIO expo

Wisconsin State Journal

CHICAGO – Madison may not be the biggest biotech community in the nation, but the area is drawing plaudits on at least two fronts at the International BIO convention here.
A study touts the wide range of biotech jobs in the Madison area; meanwhile, a Middleton High School biotechnology teacher, Kathryn Eilert, has won a $10,000 national award.

Angels help young firms take wing

Milwaukee Journal Sentinel

Wisconsin investors stepped up to grow their own, putting at least $50 million into young companies in 2005, according to a report that will be released today at the biotechnology industry’s annual conference.

The state fell short, however, of a goal developed five years ago of having $200 million in annual venture capital funding. In fact, Wisconsin’s venture capital ranking dropped to 35th in 2005 from 26th in 2004, according to the study, called “Risk Capital in Wisconsin: A Progress Report.”

In other news, the Wisconsin Institutes for Discovery will encourage collaboration with researchers from other centers in the state such as the Medical College of Wisconsin and Marshfield Clinic, said Elizabeth L.R. Donley, general counsel at the Wisconsin Alumni Research Foundation.

Doyle leads Wis. delegation to world�s largest biotech conference in Chicago

Daily Cardinal

Gov. Jim Doyle is leading the largest Wisconsin delegation ever to BIO 2006 today, the world�s largest biotechnology symposium in Chicago.

Joining Doyle will be stem cell pioneers Dr. James Thomson and Dr. Gabriela Cesar. The three will speak about major biotechnology developments in Wisconsin.

Best of biotech gathers

Milwaukee Journal Sentinel

It’s not one of the big players, but Wisconsin has big biotech dreams.

Armed with a budget that’s nearly three times bigger than last year’s and its largest delegation ever to the 14-year-old event, Wisconsin will begin marketing its growing biotech effort today to a global audience of more than 17,000 in Chicago at BIO 2006, the Biotechnology Industry Organization’s annual conference.

Helping students sell themselves

Capital Times

This year, 90 percent of a record 1.4 million graduating college students won’t have a job lined up upon graduation, according to a recent MonsterTrak survey.

Bob Klein, a UW-Madison graduate, is hoping to change that daunting statistic by teaching college students how to better market themselves. Klein is the founder of FirstJob, Inc. a company that teaches students to think of themselves as an exciting product being introduced to the world.

The sale of your life

Capital Times

While most graduating seniors at UW-Madison are still scrambling to send out resumes and rushing to interviews between classes, for some lucky students, their biggest problem is deciding which job offer to accept.

For Rommie Zats and Ben Von Obstfelder, finding a job was easy.

Regents approve UW construction

Daily Cardinal

UW-Madison�s avian-flu research may receive more lab space after a UW System Board of Regents committee approved a measure Thursday to lease space at the University Research Park. This space would serve the Department of Pathobiological Sciences and the UW-Madison School of Veterinary Medicine. The Physical Planning and Funding Committee also approved a reconstruction of Chadbourne Hall to commence in coming months.

UW MBA students job prospects up

Capital Times

UW-Madison reports that its MBA students are seeing the national trend of improved job opportunities.

The job market for MBA students this year features more job offers and bigger salaries, particularly from employers in the consulting, financial services and consumer product industries, according to a new survey from the MBA Career Services Council.

States stepping in to underwrite stem cell science

USA Today

A growing number of states are creating programs to aid human embryonic stem cell research in the absence of congressional support for the promising but controversial work. Maryland Gov. Robert Ehrlich, a Republican, signed a bill Thursday to spend $15 million for stem cell research. Maryland is the fifth state since 2004 to approve spending taxpayer money on such research. California, Connecticut, Illinois and New Jersey also have approved state-funded research programs. At least four other states are debating bills or ballot initiatives to promote stem cell research, says Alissa Johnson of the National Conference of State Legislatures.

Huge gift for UW research

Wisconsin State Journal

Twin institutes of UW-Madison biomedical research and discovery – one public, one private – will rise in the 1300 block of University Avenue by 2009 with the help of a $50 million private gift from UW-Madison alumni John and Tashia Morgridge.
The Morgridges’ gift, announced Monday, is the single largest private donation in university history. It will be matched by another $50 million from the Wisconsin Alumni Research Foundation for a total $100 million privateboost to the building project, now known as the Wisconsin Institutes for Discovery.

WARF says it’s ready for a legal challenge on stem cells

Wisconsin Technology Network

Madison, Wis. � Just in case anyone doubts that the Wisconsin Alumni Research Foundation has both the will and the resources to defend its stem cell patent, Andy Cohn would like to disabuse them of the notion. Cohn, government and public relations manager for WARF, said the foundation, armed with a $1.5 billion endowment, is prepared to take on any legal challenges to its controversial stem cell patent.

Record Donation to Help Build Institutes for Discovery

WKOW-TV 27

It’s the largest donation ever to the UW-Madison campus, and it had Governor Jim Doyle declaring, “On behalf of all the citizens of the state of Wisconsin, I thank you for what you have done.”

Doyle was directing his congratulations toward alumni John and Tashia Morgridge, who helped kick start a massive biotechnology center to be built on the UW campus.

Foundation moves to grab a piece of stem cell profits (Silicon Valley/San Jose Business Journal)

The California stem cell institute’s plan to profit from the research it funds is going to cost it.

The Wisconsin Alumni Research Foundation said it is approaching licensing talks with the California Institute for Regenerative Medicine as if the organization were a commercial entity, since it plans to capture revenue from the commercialization of the research it funds. The institute, created by voters in 2004, will oversee $3 billion earmarked for stem cell research

Wisconsin to show up at BIO in numbers

Wisconsin Technology Network

Wisconsin’s reputation as an emerging biotechnology hot spot will be further enhanced next month when the state is well represented at one of the world’s premier biotechnology conferences, businesses and organizations here hope.

Wisconsin attendees will make up 1.5 percent of the total participation at the Biotechnology Industry Organization’s International Convention, which will be held April 9-12 at Chicago’s McCormick Place Convention Center. That’s more than many other states and some countries.

Wisconsin As A Biotech Leader: Two Sides Of the Coin (WPR)

Wisconsin Public Radio

Wisconsin is gearing up for what a state development group calls ââ?¬Å?the largest gathering of biotechnology leaders in the world.ââ?¬Â Next month, Forward Wisconsin hopes to market the state as a place where stem cell and other emerging biotech research is strong. Others think studying cells taken from embryos is wrong, and both sides are showcasing prominent people to make their point. (Sixth item.)
James Thomson, the stem cell researcher featured on a 2001 cover of Time magazine, will help Governor Jim Doyle lead a state delegation at a conference next month in Chicago.

Mayor Cieslewicz: Bugher deserves praise

Capital Times

Dear Editor: I find myself more often than not appreciating and agreeing with the editorial page of The Capital Times. I thought you really missed the mark, however, with your recent editorial criticizing Mark Bugher’s leadership as chairman at one meeting of the city’s Economic Development Commission.

If there is a person in this city who knows how to put politics aside, how to listen to all sides, how to seek consensus, and how to be the voice of reason in a heated debate, it’s Mark Bugher.

Drug giant in deal with UW-Milwaukee

Capital Times

Global pharmaceutical giant Bristol-Myers Squibb has signed a licensing agreement for research conducted at UW-Milwaukee that may produce a new anti-anxiety drug. Terms were not disclosed.

Bristol-Myers Squibb signed the licensing agreement with WiSys, the patenting and licensing arm for all of the UW System except UW-Madison. The license involves the research of UW-Milwaukee chemistry professor James Cook, who is developing new classes of drug compounds to treat psychiatric disorders.

Editorial: Bugher’s style disappointing

Capital Times

Mark Bugher is an active and valued contributor to the economic development debate in Madison, but he needs to respect the fact that not everyone is going to agree with him. Bugher…now serves as director of University Research Park and as chairman of the Madison Economic Development Commission.

It was in that latter role that he presided this week over a lengthy commission meeting that heard testimony regarding a proposed city ordinance that would require larger Madison employers to provide paid sick leave to workers. Bugher’s skepticism about the ordinance mirrors that of many in the business community, and he certainly has a right to his opinion. But as the chair of a city commission, he also has a responsibility to treat citizens and expert witnesses appropriately.

The Jobs Come Looking for Grads (BusinessWeek)

BusinessWeek

University of Wisconsin Business School senior Joe Jennings is kicking back, enjoying his last few months of college life. And why shouldn’t he? Jennings received four job offers by the end of the fall semester and accepted a position at PriceWaterhouseCoopers in Chicago in late November.

Jennings says he was surprised by how easy it was to land a job. “It was awesome,” he says. “I got offers from companies I’d never even heard of — extremely painless.” The 23-year-old, who will earn a starting salary of $53,500 with a $2,

Mike Ivey: Colorado fiasco taints AmFam

Capital Times

The timing couldn’t have been worse. Just as American Family Mutual Insurance is gearing up to start selling auto and homeowners policies in Washington – including the high-income/high-growth Seattle area – the company gets hammered by a nearly $3 million punitive damages award.

The case, which was settled out of court last week, included damaging testimony that American Family employees in the Colorado office routinely joked about the company’s get-tough policy regarding paying claims.

Those revelations were enough to tilt a jury in Boulder, Colo., last November in favor of Dominic Peressini, who earned a Ph.D in education from UW-Madison in 1996 and had been a tenured professor at the University of Colorado.

A Fieldhouse view: Monroe-Regent plan offers condos, offices, retail

Capital Times

Bob Sieger knows he’s fighting an uphill battle in getting approval for a six-story condominium and sports bar development at the busy corner of Monroe and Regent streets.

But the Madison architect thinks the $15 million project fits perfectly across from Camp Randall Stadium and the UW Fieldhouse.

“I know some people think it’s too tall but I’m pretty excited about it,” Sieger said (last week).

Regents: Tax amendment would devastate

Capital Times

University of Wisconsin regents used their monthly meeting to rip a proposed constitutional amendment that would limit tax increases.

The Board of Regents heard from Sen. Glenn Grothman, R-West Bend, and an aide to Rep. Jeff Wood, R-Chippewa Falls, on Friday. The authors of the Taxpayer Protection Amendment assured regents it would neither harm access to a higher education nor diminish the university’s role as an engine of the state’s economy.

Regents replied it would devastate the university’s ability to provide a quality education to the masses.

Film bill seeks spotlight (AP)

Capital Times

MILWAUKEE – Producer and director Jerry Zucker would love to film a movie in his native Wisconsin, but it’s hard to persuade film production executives to do it when other states are offering tax incentives that help cut costs.

If a proposed law makes its way through the state Legislature, the Shorewood native won’t have to do as much to persuade them.

….A number of Hollywood heavyweights have written letters of support, including director David Koepp, who grew up in Pewaukee, and actors and Wisconsin natives Leslie Nielsen, Jane Kaczmarek and Brad Whitford.