Georgia Bio, Nationwide Life Science Leaders Unite To Celebrate Continued Investment In Biotech At New York Stock Exchange

Industry leaders from across the country to ring NYSE closing bell and kick off Biotech Month

FOR IMMEDIATE RELEASE

January 4, 2024, New York, NY – Georgia Bio, the life sciences trade association in Georgia, joined 16 fellow life science trade organizations from across the country yesterday to ring the closing bell at the New York Stock Exchange (NYSE) and kick off national Biotech Month. Maria Thacker-Goethe, immediate past chair for the Council of State Bioscience Associations (CSBA) and President and CEO of Geogia Bio, was among the leaders in attendance at the event, which was held jointly by NewYorkBIO and NYSE to celebrate the link between investment and innovation to best serve patients nationwide.

Council of State Bioscience Associations (CSBA) and the Biotechnology Innovation Organization (BIO) Rings The Closing Bell® The New York Stock Exchange welcomes the Council of State Bioscience Associations (CSBA) and the Biotechnology Innovation Organization (BIO), today, Wednesday, January 3, 2023, in celebration of of Biotechnology Month. To honor the occasion, John Conrad, President of Illinois Biotechnology Innovation Organization (iBIO), and Maria Thacker Goethe, President of Georgia Bio, joined by Michael Harris, Global Head of Capital Markets, NYSE, rings the Closing Bell®. Photo Credit: NYSE
Photo Credit: NYSE

“I’m honored to ring the closing bell at the New York Stock Exchange with the new CSBA chair, John Conrad of iBio,” said Thacker-Goethe. “Joining my colleagues from across the country underscores that collaboration will help us protect and grow the U.S. innovation ecosystem.”

Georgia is poised to be a hub for life sciences. Georgia Bio’s workforce development program guarantees that the State’s workforce will be well-equipped to meet the demands of the expanding life science community. On the investment side, Georgia Bio along with 6 southeast state associations have partnered with Life Science Nation to launch RESI South in Atlanta on March 25. RESI South will mark the first-even life sciences investor event in the region and will connect start-ups and early-stage investors, an opportunity to showcase the state’s numerous investment opportunities.

“Nationwide collaboration is crucial to driving innovation, finding cures, and ultimately improving health outcomes and quality of life for patients,” added Jennifer Hawks Bland, CEO of NewYorkBIO. “As the worldwide epicenter for the financial sector, New York is uniquely positioned as a nexus for connecting the biosciences industry with the capital that makes groundbreaking research and development possible. NewYorkBIO is grateful to NYSE for this opportunity to welcome our colleagues from across the country to Wall Street, as we bring new meaning to ‘ringing in the new year’ and kick off Biotech Month.”

The event is one of several ongoing collaborations between NewYorkBIO and NYSE, who work together to connect New York’s robust investor community with innovative life science organizations of all types and sizes.

“We are thrilled to host NewYorkBIO and life sciences leaders from across the U.S. at the NYSE to ring our Closing Bell in honor of Biotechnology Month,” said Michael Harris, Global Head of Capital Markets at the New York Stock Exchange. “As we continue to see growth in the life sciences industry, the NYSE looks forward to welcoming many more biotech companies to our community of icons and disruptors.”

Maria Thacker-Goethe joined the below leaders from life science organizations across the country:

  • Nick Shipley, Chief Advocacy Officer at BIO
  • Michele Oshman, Vice President for External Affairs at BIO
  • Chris Molineaux, President & CEO of Life Sciences Pennsylvania
  • Debbie Hart, President & CEO of BioNJ
  • Jennifer Hawks Bland, CEO, NewYorkBIO
  • Elyse Blazevich, President & CEO of Colorado BioScience Association
  • Eddie Pauline, President & CEO of Ohio Life Sciences
  • Jodie Gillon, President & CEO of BioCT
  • John Conrad, President & CEO of Illinois Biotechnology Innovation Organization
  • Joni Ekstrum, Executive Director of South Dakota Biotech
  • Kelly Schulz, CEO of Maryland Tech Council
  • Kendalle Burlin O’Connell, President & CEO of MassBio
  • Laura Gunter, President of North Carolina Life Sciences Organization
  • Michael Fleming, President of Delaware BioScience Association
  • Mike Guerra, President & CEO of California Life Sciences

First introduced by President Clinton in 2000, National Biotechnology Month is an opportunity for the nation’s biotech community to come together to recognize the industry’s achievements on behalf of patients around the world. Falling in January, the recognition month is also an opportunity for industry leaders to look ahead to the advancements of the upcoming year.

To capture the closing bell on January 3, refer to NYSE’s website: nyse.com/bell/calendar

About Georgia Bio

Georgia Bio (GaBio) is the state’s most impactful life sciences membership organization, advocating for the sector and its diverse innovation pipeline. For more than 30 years, GaBio has served its members by supporting companies of all sizes, from early-stage innovators and startups to established industry leaders in the fields of biotechnology, pharmaceuticals, and medical technology. GaBio also works closely with universities, academic and research institutions, the investment community, and other critical partners that promote this vibrant sector. GaBio works to shape public policy, improve access to breakthrough technologies, educate lawmakers, provide member programs, strengthens the workforce pipeline, and advance equity within our ecosystem by championing innovative solutions for some of the most pressing challenges of our times. For more information, visit www.gabio.org.

Contact

Jason Rupp, Georgia Bio, jrupp@gabio.org

By Sheran Brown June 10, 2025
June 9, 2025
By Maria Thacker Goethe May 29, 2025
 Lawmakers questioned Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. on key issues like vaccines, biosecurity, and federal research funds in a week of congressional hearings about the HHS budget for 2026. Kennedy was the sole witness at a May 20 hearing of the Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies , and two May 14 hearings—before the Senate Health Education, Labor and Pensions (HELP) Committee and the House Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies . Kennedy found himself on defense over his positions on vaccines and cuts to National Institutes of Health (NIH) funding. On the subject of China and biosecurity, he urged reshoring of manufacturing, noting Eli Lilly’s efforts in this area. Vaccines and measles Many questions on vaccines focused on concerns that Kennedy has not done enough to encourage vaccination in the face of ongoing measles outbreaks. During the House Appropriations hearing, Kennedy responded to a question from Rep. Mark Pocan (D-WI) about his confidence in measles vaccines, saying he would “probably” choose to vaccinate his children against measles again. “I don’t think people should be taking medical advice from me,” Kennedy added, saying they should get this advice from NIH Director Dr. Jay Bhattacharya. At the Senate HELP hearing, Democrats raised alarm over Kennedy’s stance on measles vaccines, arguing his statements eroded public trust and contradicted his confirmation hearing testimony. Ranking Member Bernie Sanders (I-VT) alleged that Kennedy undermined confidence in vaccines during a major measles outbreak. Sen. Maggie Hassan (D-NH) raised similar concerns. Sen. Chris Murphy (D-CT) said Kennedy’s hesitance to unequivocally endorse measles vaccines is “really dangerous for the American public and for families.” A few days later in the Senate Appropriations subcommittee hearing, Kennedy gave a direct endorsement for the measles, mumps, and rubella (MMR) vaccine. “The best way to prevent the spread of measles is through vaccination. We urge people to get their MMR vaccines,” he said. But he added that he understood why some are hesitant. “There are groups in this country that don’t want to get vaccinated, many of them for religious reasons. I spend a lot of time with the Mennonites. The MMR vaccine has millions of fragments of human DNA in it from aborted fetal tissues and that’s a religious objection for them that I have to respect,” Kennedy said. As experts have noted, there is no human DNA in MMR vaccines. The attenuated viruses in the rubella component of the vaccine are produced using a cell line obtained from the lung tissue of a single fetus in the 1960s . But those regenerated cells are only used to grow the rubella viruses, and the viruses made in this manner do not contain DNA from the human cells . Vaccines and placebo testing Other vaccine-related questions focused on Kennedy’s views about using placebos for vaccine testing. Under a new framework announced May 20, the Food and Drug Administration (FDA) is expected to require placebo testing for annual COVID boosters in some circumstances. During the hearings, Kennedy promoted the idea of using placebos to test vaccines. Critics of this position note the ethical problem of denying clinical trial participants protection afforded by a vaccine if they receive a placebo. “The only vaccine that has been tested in a full-blown placebo trial against an inert placebo was the COVID vaccine,” Kennedy told the HELP Committee. HELP Committee Chair Bill Cassidy, MD (R-LA) corrected this comment. “The secretary made the statement that no vaccines except for COVID have been evaluated against placebo. For the record that’s not true,” Sen. Cassidy told the hearing. “The rotavirus, measles and HPV vaccines have been, and some vaccines are tested against previous versions, so just for the record, to set that straight.” In the Senate Appropriations subcommittee hearing the following week, Kennedy was asked by Sen. Brian Schatz (D-HI) if he believed vaccines that are already approved need to be retested using placebo trials. “I don’t think it’s ethical to go back and retest those vaccines with a placebo,” Kennedy said. “The Cochrane Collaboration in 2016 published a study that showed that the predictive capacity of placebo control trials, which are the gold standard, is actually not any better than good observational trials and retrospective trials. So we can do those kinds of studies without subjecting people to an unethical experiment.” NSCEB and biosecurity Kennedy was also asked to address the findings of the recently released report by the Congressional National Security Commission on Emerging Biotechnology (NSCEB) . Created by Congress in the 2022 defense budget, the NSCEB in April released its report warning that China’s strategic spending on biotech R&D increased 400-fold in the last decade as they seek to eclipse U.S. dominance in the field. If the U.S. falls behind, it has serious implications for our national security and health, the report warned. In the House Appropriations subcommittee , Rep. John Moolenaar (R-MI) mentioned the report and asked whether Kennedy saw overreliance on China for biotech as a threat. Kennedy responded that China is stealing U.S. IP and technology and claimed NIH has enabled this IP theft. Kennedy said it is important to bring drug production home to the U.S. and noted drug makers are beginning to do that. “I’ve met repeatedly with Eli Lilly, which is now building nine facilities, nine factories, in this country, including for essential medicines (and) the essential ingredients for those medicines.” In the Senate HELP hearing later that day, Sen. Jim Banks (R-IN) asked for an update on efforts to reshore drug manufacturing from China to the U.S. Kennedy again mentioned Eli Lilly’s efforts to build production facilities in the U.S. and said movement toward reshoring has been encouraged by President Trump’s threats of tariffs on pharmaceutical companies. Concerns about NIH funding There was clear concern about the impact that budget cuts to the NIH would have on biomedical research and the innovation that brings us new drugs. Lawmakers in all three hearings pushed back on Kennedy’s claims that the NIH is beset by corruption, that NIH cuts are focused on DEI programs rather than research, and that AI will enable the same number of clinical trials to continue despite cutbacks. In the Senate HELP committee, Chair Cassidy warned that NIH budget reductions would impair capacity for crucial research on neurodegenerative diseases, hinder the development of new scientists, and undermine U.S. competitiveness with China. Sen. Patty Murray (D-WA) detailed a constituent’s delayed stage-four cancer treatment at the NIH Clinical Center due to staff firings and demanded that Kennedy supply information on specific number of staff cuts. Kennedy acknowledged NIH staff cuts would “hurt” but called them necessary. Sen. Susan Collins (R-ME) criticized the NIH’s proposed 15% cap on indirect research costs, calling it arbitrary, harmful to research, and likely to drive scientists abroad. She asked if Secretary Kennedy was evaluating its impact on laboratories. Kennedy said a review was underway. Voicing a similar sentiment In the House Appropriations Committee, Ranking Member Rosa DeLauro (D-CT) said China and Europe are taking advantage of the firings of nearly 5,000 employees at NIH by recruiting American scientists. As she opened the Senate Appropriations subcommittee hearing, Subcommittee Chair Shelley Moore Capito (R-WVA) underlined the importance of the NIH. “NIH-funded basic research is also behind many of the 600+ new cancer treatments the FDA has approved over the last 20 years,” and other important breakthroughs, Capito said. ‘I am concerned that our country is falling behind in biomedical research,” she added. “Investing in biomedical research has proven to save lives while exponentially strengthening the U.S. economy.” Author: Tom Popper is the Managing Editor of Bio.News.
By Sheran Brown May 15, 2025
Georgia Life Sciences Designates Augusta as Newest BioReady® Community
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