Inside this new issue, you\'ll find: Letter from the Director, Northern Colorado Cluster Growth, Gov. Ritter Executive Orders, 2010 Ballot Initiatives, AdvaMed 2010, and Staff Changes at CBSA.

1. CBSA
FOCUS
J U N E 2 0 1 0
INSIDE N E W S L E T T E R D A T E
THIS ISS UE:
Letter from the
Director
1 Letter from the Director
Northern 1 By Denise Brown
Colorado Cluster
Growth Exciting things are afoot at CBSA. demic research community and political, and private-sector entities
The organization is more active industry to the growth of a life is the envy of other regions. CBSA
Gov. Ritter Ex- 2 than ever, with over 50 events sciences super cluster in the front is proud to be both an agent of this
ecutive Orders planned for 2010, including our 7th range corridor, and in the fostering cooperation, as well as a benefici-
annual BioWest Conference, and of a strong innovation economy ary of the solidarity and cohesion
2010 Ballot 3 the publication of a stellar annual here in Colorado. that make us all stronger.
Initiatives magazine, BioScience Colorado
While Colorado might not have Thank you for making 2010 our
2010. It’s no surprise that CBSA’s
the heft and volume of the coastal best year yet. If you haven’t been
AdvaMed 2010 3 membership is so active and in-
super clusters, the tide is indeed to a CBSA event yet this year, be
volved, as the life sciences commu-
shifting. Innovation centers like sure to attend one soon, and con-
Staff Changes at 4 nity and industry itself is full of
RIC and an in-the-works Rocky tinue to let us know how we can
CBSA forward momentum and growth as
Mountain Innovation Initiative best support your efforts.
well.
(RMI2) building also in Fort Collins,
We recently attended the ribbon- the creation of the Colorado Insti-
cutting ceremony for the new tute for Drug, Device and Diagnos-
Research Innovation Center (RIC) tic Development (CID4), the amaz-
at Colorado State University, an ing collaborative potential of Colo-
impressive 72-thousand square- rado Center for Drug Discovery
foot incubation space that will (C2D2), and the construction of a
bring together academic research- Village Hotel Office Complex being
ers and start-up companies to built by Corporex in the Fitzsi-
collaborate on products under one mons Life Sciences District. These
roof. CSU President Tony Frank projects and initiatives help compa-
and Governor Bill Ritter both nies develop their roots here in
mentioned in their remarks at the Colorado as they continue to set
ceremony, the importance of close their sights high. This support and
collaboration between the aca- collaboration between academic,
Northern Colorado Cluster on Track
By Kathryn Bailey
In April, the Rocky Mountain Innova- ences business community came activity in Colorado. Due to the
tion Initiative (RMI2) broke ground on together to celebrate the unveiling of diligent work of many, Northern
a new 32,000-square-foot in Fort CSU’s Research Innovation Center Colorado is currently making
Collins. In the next five years, RMI2 (RIC), a 72,000-square-foot facility, meaningful strides in taking the
plans to add more than 40 new which will bring together University regional life sciences community to
startup companies to its organization and private sector scientists, along the next level.
creating 400 new primary jobs and with embedded business development
Although there is no definitive
raising more than $120 million. In teams.
roadmap, it has been documented
May, Colorado state leadership,
Larimer County has long been an what it takes to become a thriving
elected officials including Governor Bill
important center for bioscience
Ritter, and members of the life sci- ~continued on page 2~

2. Northern Colorado, cont’d from search teams, the center will opments like those in Fort
Page 1 provide researchers with a Collins is also not to be under-
chemical library with an inven- stated. A concentrated hub of
P AGE 2 life sciences cluster. Essential
tory of compounds. This feature activity attracts talent from
elements for growth include
will ensure that research dollars around the country and encour-
first-rate research institutions,
and lab time are used efficiently. ages ties across firms. In the 30-
anchoring life sciences compa-
The center is co-directed by plus year history of biotechnol-
nies, a highly-skilled workforce,
Terry Opgenorth and Joe ogy, ideas for some of the most
and catalyst organizations.
Guiles, industry veterans with exciting and game-changing com-
These ingredients do not mate-
critical experience seeing prod- panies were founded during
rialize organically however; they
ucts from discovery through chats between academicians and
are the result of strong public
FDA approval. entrepreneurs over coffee or
support and a will on the part of
other casual meetings. An
many to move the region for- Local and state elected officials
added benefit is that a critical
ward. have stepped out in front of
mass of firms created in one
these efforts, paving the path for
Under the Bayh-Dole Act, own- area will also ensure that em-
their fruition. The City of Fort
ership of federally funded re- ployees and managers can com-
Collins has taken a commend-
search was transferred from mit to the region, knowing they
"Research and able step in extending a $5.3
government to universities, can seek jobs in other firms
million loan to finance RMI2,
making discoveries much easier without relocating – an espe-
development is which is offset by a $2.8 million
to commercialize. Unfortu- cially important factor in a high-
grant from the Fort Collins
nately however, there are far risk industry and uncertain
actually the backbone Urban Renewal Authority board
more world-class universities economy. Additionally, incuba-
for tax increment financing.
than there are successful super- tors and centers like C2D2,
of an economic Additionally, at the ribbon cut-
clusters. One key differentiating which aim to create a more
ting of the RIC building, Gover-
factor in successful areas is integrated and seamless process
nor Ritter spoke to the impor-
development strategy. strong deliberate actions to
tance of efforts that strengthen
from traditionally disjointed
provide researchers with infra- steps in the drug discovery
technology transfer from indus-
We've seen dramatic structure like those offered in
try to academia; this under-
process will be increasingly im-
these incubators, which hasten portant in an era of intense
standing is incredibly significant
results." the time it takes a product to
and is a concept that state lead-
competition for access to capi-
reach market and ensure that tal.
ers across the country have
Governor Bill Ritter, Jr. the nascent company can estab-
struggled to make a reality. Cities, states and entire coun-
lish a competitive marketplace
When the state makes a long tries around the world are anx-
presence.
term commitment to the growth ious to develop life sciences
The RIC will also be home to of an industry, outside players clusters. With one of the highest
the newly launched Colorado take notice and are much more jobs multipliers in the entire
Center for Drug Discovery likely to be attracted to the economy (about 6 indirect jobs
(C2D2) whose goal is to provide region. for each direct job), the vibrant
support in bridging gaps in drug life sciences sector is a clear
The benefits of a closely-knit
discovery. Along with incentives winner for any region. In less
community resulting from devel-
for collaboration across re- successful and waning clusters,
the participants are fragmented,
or one or more of the essential
players chooses not to partici-
pate. In Northern Colo-
rado however, the inte-
grated confluence of
Gov. Ritter Signs Executive Orders champions ranging from
RMI2, CSU, the Centers
for Disease Control, the
Kauffman Foundation,
knowledgeable industry
On May 27, Governor Bill Ritter The Index will be located on the veterans, and committed
Jr. signed two executive orders website of the Colorado Office of champions in government
initiated by the Colorado BioSci- Economic Development, and will is truly a sign of great
ence Association (CBSA), calling serve as an information clearing- things to come for the
for an online “Investment Opportu- house for potential investors and region.
nity Index” to classify opportuni- partners.
ties for capital investment within
The Governor’s Roundtable on
the bioscience and cleantech
Venture Capital will serve at the
industries, as well as a quarterly
direction of the Office of Economic
Roundtable on Venture Capital
Development and International
with the Governor – focusing on
Trade as an advisory group sup-
bioscience, renewable energy and
porting Colorado’s efforts to en-
aerospace and information tech-
courage investment in companies
nology.
located in Colorado. The mission
The Investment Opportunities will be to support the growth of
Index classify opportunities for investment in the three targeted
capital investment within the bio- industries: aerospace, bioscience,
science and cleantech industries. renewable energy and information

3. JUNE 2010 P AGE 3
Fate of Ballot Initiatives Key to 2011 Session
By Kathryn Bailey respectively. then to 3.5% over ten years, and
eliminate telecommunications
governments were permitted.
Looking towards the 2011 session, It is unclear exactly who is behind
taxes. State revenue would de-
the one thing certain is that the these ballot measures, but it is
cline by about $1.5 billion, local
state’s budget crisis will continue widely believed that Douglas
revenue by about half that
to worsen, with Medicaid and K- Bruce, the 1992 author of the
amount.
12 expenditures growing and Taxpayer’s Bill of Rights, or TA-
higher education costs becoming Amendment 60 would make BOR, is actively involved in the
unsustainable. school districts cut property tax petition drives.
rates in half by 2020 and require
Other than which party will be Impact on Business and Life
state funds to backfill those cuts. It
leading the state and the Assem- Sciences Sector:
also would impose property taxes
bly, the other major unknown is
on so-called “state enterprises” The state’s business leaders, along
the realization of three ballot
such as universities. Amendment with labor groups are joining
initiatives that will be placed in
61 would significantly limit govern- forces to decry Proposition 101
front of voters in November. The
ment’s ability to borrow, including and Amendments 60 and 61. All
election may be six months away,
preventing governments from are aware that the 2011 fiscal
but outrage by those who con-
using certificates of participation situation demands that the next
sider these measures to be devas-
as a funding mechanism for capital legislature and Governor have the
tating to the state is sure to be-
The 2010 legislative session saw projects. Effectively, it would tools to confront systemic prob-
come louder throughout the sum-
the Governor’s office and the make the state government run on lems. Amendment 61 in particular
mer and into the fall. Lawmakers
General Assembly dealing mostly a cash basis. It would also cap the would make it nearly impossible
from both parties have criticized
with issues related to budget and debt local governments were for the state to build or expand
the measures, as have both par-
taxation. The ongoing budget permitted. schools, roads, hospitals, college
ties’ front-runners in this year’s
crisis was addressed by a package buildings or any other capital infra-
governor’s race. Amendment 61 would signifi-
of tax increases aimed at consum- structure. This would make Colo-
cantly limit government’s ability to
ers and roll-back of business ex- The Basics: rado highly unattractive to invest-
borrow, including preventing gov-
emptions, however the state’s ment, while hampering a higher
Proposition 101 would reduce ernments from using certificates of
ability to address the budget education system already facing
vehicle registration fees to $10 participation as a funding mecha-
shortfall was limited, as the two enormous fiscal challenges.
per vehicle, reduce specific own- nism for capital projects. Effec-
largest pieces of the budget –
ership taxes on vehicles to nomi- tively, it would make the state ~continued on page 4~
Medicaid and K-12 education are
nal amounts, reduce the income government run on a cash basis.
protected by the federal govern-
tax rate immediately to 4.5% and It would also cap the debt local
ment and the state’s constitution
AdvaMed 2010 Brings Together Industry
and Public Sector Leadership
AdvaMed, the largest member asso- regulatory affairs, reimbursement, IP
ciation for manufacturers that pro- and business development. Current
duce medical devices, diagnostic Congressional and White House
products and health information Administration policy-makers will be
systems will hold its annual confer- in attendance to discuss policy
ence, AdvaMed 2010 on October 18 changes and experienced CEOs will
– 20, at the Walter E. Washington hold workshops to share “lessons
Convention in Washington, DC. learned.” Colorado BioScience Asso-
ciation will also be in attendance at
This conference offers extensive
the conference.
business development and capital
formation opportunities, including a Colorado BioScience Association
MedTech partnering program and members are entitled to a discount
Company Presentations program. on registration. To take advantage of
this, please send an email to Kathryn
The conference program will bring
Bailey at kbailey@cobioscience.com.
together policy-makers, experts, and
insiders for critical discussions on

4. WHAT CBSA MEMBERSHIP OFFERS
LEADERSHIP: The CBSA supports the economic development
of Colorado through the creation of a premier bioscience cluster
within the state. Representing more than 400 members, the
CBSA facilitates growth of the bioscience industry in Colorado
216 16th St.
through advocacy, representation and service.
Suite 850
Denver, CO 80202 MEMBER BENEFITS: CBSA membership provides all employees
Main number: (303) 592-4073 free or discounted registration for over 50 meetings and confer-
ences throughout the year. Members also have access to BIO
www.cobioscience.com
Business Solutions program, which provides discounts and bene-
fits on products and services with industry-leading suppliers.
ADVOCACY: CBSA works with and educates local, state and
federal policymakers to strengthen opportunities for life sciences
companies.
Learn more by contacting April Giles at
agiles@cobioscience.com or (303) 492-4071
Ballot Initiatives, cont’d from Page 3 CBSA is growing! We have re- Kempe Foundation for the
Even the mere threat of these measures cently hired two new staff Prevention and Treatment of
infuses Colorado’s business climate members here at Colorado Bio- Child Abuse and Neglect,
with unpredictability, and will poten-
tially make life sciences companies think Science — Kathryn Bailey and where she was a Manager of
twice about taking root and creating Mae Desaire. Kathryn comes eCommerce and Event Man-
jobs in a state with the potential to be most recently from San Fran- agement. At CBSA, Mae will
so fiscally destructive. Other states are
stepping up to compete for regional life
cisco, where she was Associate be our Director of Market-
sciences growth, and these measures Director for Public Affairs at ing, develop promotional
would certainly act as a deterrent to BayBio, the Northern California materials, and will lead imple-
prospective investors. life sciences association. There mentation of a new database
Board of Directors of the CBSA voted she managed on federal policy system. In addition, April
unanimously to join dozens of other
statewide groups in opposing these
issues and communications for Giles has been promoted to
measures. CBSA’s policy team will the organization. At CBSA, Executive Vice President of
continue to keep the community up- Kathryn will be Director of the organization. In this ca-
dated as this debate progresses. Communications and Opera- pacity, she will continue to
tions, overseeing both our out- oversee membership devel-
reach efforts, and our internal opment and strategic part-
financial management and ac- nership opportunities. Wel-
counting procedures. Mae come and congratulations!
Desaire joins us from the