The Arizona Health Innovation Trust Fund (AHIT) was established in 2022 to develop workforce programs; support small health innovation businesses; and provide other financial support that will drive growth in Arizona’s life science sector. On February 23, 2023, SB1084 was amended to appropriate $50 million in funding for AHIT in Arizona’s FY24 budget and declares that the Legislature intends that the Fund steadily grows to maintain a permanent endowment balance of at least $200 million. The amended bill received a Do Pass as Amended recommendation. SB1084 now moves to consideration by the Senate Rules Committee.Continue reading
Author Archive: AZBio
Updates to Arizona’s R and D Tax Credits Under Consideration at Arizona Legislature
On February 23,2023, the Arizona Senate Appropriations gave a Do Pass Recommendation to SB1562 which updates and expands Arizona’s R&D Tax Credit program.Continue reading
On the rise in 2023: Six Arizona bioscience startups
Phoenix area, Tucson companies selected for Flinn Foundation program
A record 48 firms applied for our program this year—a testament to Arizona’s vibrant bioscience startup culture.Continue reading
Health Catalysts Group Releases Annual HCG Diagnostics Year In Review for 2022
The HCG Diagnostics Year in Review for 2022 contains data related to clinical diagnostics and diagnostics in the public markets, with special attention to the MEGA Index, diagnostic company IPOs, and diagnostic M&A. This report also includes Arizona State University’s Testing Commons COVID Year in Review, which focuses on all things related to SARS-CoV-2 diagnostics as well as COVID incidence vs influence and a history of the COVID mutations in the US.Continue reading
Exact Sciences Launches OncoExTra™ Cancer Therapy Selection Test in the U.S.
On Thursday, February 16, 2023, Kevin Conroy, chairman and CEO of Exact Sciences keynoted the TGen’s Arizona Bioscience Impact breakfast and shared his belief in the powerful impact of early detection in saving lives and improving cancer care. He also introduced the audience to Exact Sciences newest diagnostic innovation – OncoExTra.Continue reading
ASU’s Biodesign Institute blazes new research trails
Stream of funding spurs advances in human health:
Arizona State University Biodesign Institute researchers have received three significant new grants, advancing knowledge of digestive proteins in the human gut, toxic exposure to fungi during childhood and long-term vaccine effectiveness. Continue reading
reimagine Health Research Symposium Focuses on Big Data’s Role in Transforming Care
Fifth Annual Symposium welcomed experts, who shared how big data and precision medicine are set to markedly improve clinical outcomesContinue reading
Game Changer: The Arizona Health Innovation Trust Fund
Established in 2022, the Arizona Health Innovation Trust Fund (AHIT) is designed to help Arizona become home to a top-ten life science sector by helping to bridge the “valley of death.” During the 2023 legislative session, our elected leaders have the opportunity to make the investment that will capitalize the AHIT. Continue reading
First-of-its-kind instrument officially ushers in new era of X-ray science
“This marks the beginning of a new era of science with compact accelerator-based X‑ray sources,” said Robert Kaindl, who directs ASU’s Compact X-ray Free Electron Laser (CXFEL) Labs at the Biodesign Institute and is a professor in the Department of Physics. “The CXLS provides hard X-ray pulses with high flux, stability and ultrashort durations, in a very compact footprint. This way, matter can be resolved at its fundamental scales in space and time, enabling new discoveries across many fields — from next-generation materials for computing and information science, to renewable energy, biomolecular dynamics, drug discovery and human health.”Continue reading
Exact Sciences and PGA Tour Champions Extend Partnership Through 2027
Tucson, Ariz. (February 1, 2023) – The PGA TOUR Champions, the Tucson Conquistadores, the First Tee Tucson, and Exact Sciences, the maker of Cologuard®, announced today that the Madison, Wisconsin-based company will now be the presenting sponsor of the Cologuard Classic. The announcement also extends Cologuard’s title sponsorship through the 2027 season. The 2023 Cologuard Classic by Exact Sciences will take place at the Omni Tucson National Resort from February 27th through March 5th and will have a $2.2 million purse, with $330,000 to the winner.Continue reading