Agreement signed at the Biotechnology Industry Organization (BIO) International Convention
TRENTON, NJ– BioNJ, New Jersey’s statewide trade association representing research-based life sciences companies and stakeholders, and Pennsylvania Bio, the statewide trade association representing Pennsylvania’s life sciences industry, announced today a memorandum of understanding (MOU) with Taiwan Bio Industry Organization, the largest biotechnology organization in Taiwan. The agreement was signed during the BIO International Convention in Philadelphia.
The MOU provides an opportunity for BioNJ, Pennsylvania Bio and Taiwan Bio to work together to assist and support the efforts of life sciences companies operating in the United States and Taiwan seeking to find potentially interested partners for strategic or commercial collaborations.
“Alliances, such as the one between BioNJ, Pennsylvania Bio and Taiwan Bio, are important in fostering new business opportunities, partnerships and research collaborations,” said Debbie Hart, President & CEO of BioNJ. “By bringing our Members together we will be able to achieve more and support the life sciences industry as a whole.”
“This agreement provides the needed vehicle to facilitate business and scientific collaboration between Pennsylvania, New Jersey and Taiwan,” said Christopher P. Molineaux, President & CEO of Pennsylvania Bio. “Our goal is to make it easier for foreign companies to establish operations in both states while assisting companies looking to expand outside of the United States.”
About BioNJ BioNJ, The Gateway to Health, is a powerful network of 400 Member Investors representing research-based life sciences companies and stakeholders dedicated to propelling a vibrant ecosystem where Science is Supported, Companies are Created, Drugs are Developed and Patients are Paramount. Because Patients Can’t Wait, BioNJ is committed to the growth and prosperity of New Jersey’s life sciences ecosystem to help accelerate the discovery, development and commercialization of therapies and cures that save and improve lives and lessen the burden of illness and disease to society. As the industry’s voice in New Jersey, we fulfill our Mission to help our Members help Patients by driving capital formation and fostering entrepreneurship, advocating for public policies that advance medical innovation, providing access to talent and education and offering a cost-saving array of critical commercial resources. For more information about BioNJ, please visit www.BioNJ.org.
About Pennsylvania Bio
Pennsylvania Bio is the statewide trade association for the life sciences in Pennsylvania and serves as a catalyst to ensure Pennsylvania is a global leader in the life sciences by developing a business and public policy environment which fosters life science growth and success. More information is available at http://www.pabio.org.
About Taiwan Bio Industry Organization Taiwan Bio Industry Organization (TBIO) was established in 1989, is the largest and the most influential biotechnology organization in Taiwan. TBIO represents over 300 members ranging from private companies and academic institutes to government bodies involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology.