Georgia Bio was delighted to attend the 2019 BIO International Convention in Philadelphia from June 3rd to June 6th. During the four days of programming and exhibitions under the theme, “It Starts with One,” Georgia Bio and some of its members had the opportunity to continue their mission of advancing the growth of Georgia’s life science industry by fostering new and existing relationships with like-minded organizations. 

The 2019 BIO International Convention included 126 educational sessions, more than 800 speakers, over 250 company presentations, 1,800 exhibitors, and plenty of networking and partnering opportunities. Among the 17,300 attendees at this year’s event were both Georgia life science companies and Georgia Bio members, PainCareLabs and Recro Gainesville.

Dr. Amy Baxter, founder and CEO of PainCareLabs in Atlanta, spoke positively about her experience exhibiting at the 2019 Convention and on the support that the State of Georgia was able to provide their affiliated companies that allowed them to take full advantage of their time at the convention. 

“Georgia did everything right,” explained Baxter. “They had a gorgeous booth, offered strong support so we could focus on networking, and executed great planning in advance.

“It may seem odd to be a medical device company at a bio/pharma event, but our devices work in conjunction with pharma products to block the pain of their injections and everyone was interested in how we could make the patient journey better for their patients. The explosion in the biosimilars market means companies want a way to differentiate their product and support.” 

Amy also noted that the female to men ratio at Convention was significantly higher compared to other industry conferences that she has attended, including J.P. Morgan, and there were several female CEOs that visited their booth. This year, BIO was able to break their own Guinness World Record for “The Largest Business Partnering Event” – previously set at BIO 2018 – by participating in over 48,500 partnering meetings at this year’s convention. Gaining access to an environment that facilitates this many networking and partnering opportunities is exactly why companies like PainCareLabs look forward to attending the annual event. 

“BIO is all about deals and we were able to get our first purchase order just 7 days after the show,” said Baxter. “We would definitely attend again!”

Tara Lorenz, Senior Marketing Manager at Recro Gainesville , also expressed her company’s enthusiasm for the event and the support that was provided to Georgia organizations. 

“Many attendees were excited to see the State of Georgia represented at BIO 2019 and approached our booth to learn about Recro Gainesville’s capabilities as a Contract Drug Manufacturing Organization,” stated Lorenz.  

“By attending and exhibiting at events such as BIO 2019, we have the opportunity to learn and reflect on how recent innovations and advances in technology could have a global impact to address unmet medical needs and increase the number of approved orphan drugs and rare disease medications worldwide.”

Lorenz also elaborated on the value of events like BIO that bring together large groups of innovators who don’t normally have the opportunity to collaborate on a day-to-day basis.

“This kind of collaboration is so instrumental for sharing best practices and fostering advancement in healthcare,” she explained. “These new conversations that develop into trusted relationships could advance a new molecule all the way to FDA approval and result in novel therapies for future generations. Events like this one truly help set the stage for manufacturing and commercializing new life saving medications for patients.” 

Georgia Bio loved the opportunity to partner with the State of Georgia on the Georgia Pavilion to help drive growth for our members and Georgia’s biosciences industry at the BIO International Convention, and we are looking forward to BIO 2020 in San Diego! For more information on Georgia Bio and our mission, visit www.gabio.org or follow us on Twitter @Georgia_Bio . 

Georgia Life Sciences Designates City of Atlanta as Newest BioReady® Community

By Sheran Brown • February 21, 2025
Georgia Life Sciences Designates City of Atlanta as Newest BioReady® Community

Bipartisan PBM Reform Back in Focus as House Committee Plans Hearing

By Sheran Brown • February 20, 2025
A renewed push for prescription drug cost reform is gaining momentum in Congress, with the House Energy and Commerce Committee's health subcommittee planning a hearing on pharmacy benefit manager (PBM) reform for late February. The hearing, to be led by Rep. Buddy Carter (R-Ga.), signals a revival of bipartisan efforts to regulate these pharmaceutical intermediaries. PBMs, which negotiate drug prices for insurers and employers, have become a focal point in the broader discussion of healthcare costs. A previous bipartisan agreement to regulate these entities was crafted by Carter and Rep. Diana DeGette (D-Colo.) in the last Congress, though it ultimately stalled when the larger spending bill it was attached to faced opposition. The reform efforts enjoy broad support from both parties and the president, making it one of the few areas with potential for bipartisan cooperation. However, new complications have emerged as Republicans consider using PBM regulations to generate savings for their broader policy agenda, potentially requiring up to $880 billion in cost reductions. The path forward remains uncertain, with ongoing debates about whether such reforms would qualify for budget reconciliation and whether using PBM regulations as a funding mechanism could derail bipartisan cooperation. Meanwhile, stakeholders continue to disagree on the impact of additional PBM regulation, with pharmaceutical companies arguing that PBMs inflate drug costs while PBMs contend that new regulations would increase prices.

Council on State Biotechnology Associations says NIH funds are a critical component of innovation ecosystem

By Sheran Brown • February 20, 2025
The Council of State Biotechnology Associations (CSBA) has issued a strong warning about proposed cuts to National Institutes of Health (NIH) funding, emphasizing the critical role these grants play in America's biotech innovation ecosystem. The statement, below , comes amid concerns over recent guidance that would reduce NIH funding to key research institutions. ----------------------- “Today, the US biotech industry employs nearly 2.3 million people across the US and is making positive contributions to economic impact and national security across all 50 states. In fact, for every dollar the National Institutes of Health (NIH) contributes to a successful drug, the private sector invests over $65, underscoring the agency’s unparalleled return on investment. As the associations representing the bioscience industry across the nation, the Council on State Biotechnology Associations (CSBA) is concerned by recent guidance that would cut funding provided by the NIH to universities, hospitals, and other institutions that perform critical early-stage research. NIH grant funds are a critical component of our innovation ecosystem. Grants for basic research are the spark that leads to university-driven discoveries, with public-private partnerships and tech transfers that bridge early-stage research to industry-sponsored drug development and ultimately to FDA approved medical advances for hundreds of diseases. While the administration looks for greater efficiency in the use of taxpayer dollars, it cannot be overstated - once scientific innovation moves abroad, it may never return. In the race for scientific innovation around the world, as our adversaries continue to increase government investments in research, we encourage President Trump to follow suit and ensure that we maintain our global leadership in an industry that was created and thrives across the US.”
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