The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Biotech Bailout: Texas Edition

Texas Governor Rick Perry keynoted a conference yesterday on “the challenges and the future of biotechnology in Texas” and “told the group that the biosciences are ‘the next big thing in the global economy.'”

According to the article in today’s Star-Telegram, the Texas Healthcare and Bioscience Institute is encouraging a number of measures this legislative session for bioscience, including:

  • A bill that would reauthorize the Texas Emerging Technology Fund, which was established with $200 million by the Legislature in 2005 to promote and finance innovations in technology.
  • A bill that would make it easier for patients to enroll in clinical trials for life-threatening diseases, which, officials say, is a necessary step in developing new medicines and medical devices.

Also, some jobs data:

There are about 33,000 Texans employed in biotechnology, with an average salary of more than $84,000, according to the Governor’s Office of Economic Development and Tourism.

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One response to “Biotech Bailout: Texas Edition

  1. Pingback: Texas Funds $50 million for Therapeutics Manufacturing Center « The Cross-Border Biotech Blog

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