(Source: Business Wire)
WHAT: Join regional life science and investment executives for an analysis of the challenges facing the biotechnology sector in the wake of the lingering financial crisis. Ernst & Young, in its annual report on the biotechnology sector, just Tuesday declared the present biotechnology business model "unsustainable." The Wall Street Journal has reported that one-third of publicly-traded biotechs have less than six-months cash on hand -- a 1,000 percent increase from 2008. Biopharmaceutical companies around the country have been crushed by the meltdown of the financial markets, jeopardizing research and technology that could impact thousands of lives. A life science symposium hosted by Yankee Public Relations will focus on this important issue. NJBIZ, New Jersey's statewide business journal, is the exclusive media sponsor for the event. WHO: Yankee PR President Fred Feiner will moderate three panels focused on successful finance strategies, the current investment market and regulatory tactics to maximize profitability. Confirmed panelists include: -- Annarie Lyles, Ph.D., Genmab (OMX: GEN), SVP/Head of Business Development -- Evan Myrianthopoulos, DOR Biopharma (OTCBB: DORB), CFO and SVP -- Ellen McDonald, M.B.A., Regado Biosciences, SVP, Business Operations and Chief Business Officer -- Andrew Reaume, Ph.D., M.B.A., Melior Discovery, President/CEO -- Jeffrey H. Nicholas, J.D., Fox Rothschild, Partner/Chair, Technology, Venture Finance and Securities Practices -- John Pennett, C.P.A, Amper, Politziner & Mattia, Partner/Director of Life Sciences Practice -- Emilio Ragosa, J.D., Morgan Lewis, Partner in Business Finance -- Gene Detroyer, Five Prime Advisors, Director -- Avjit Roy, Ph.D., Five Prime Advisors, Director -- Mike Page, United Biosource Corporation, Senior Director of Regulatory Affairs -- Nigel Smart, Ph.D., Smart Consulting Group, Managing Partner WHEN: Tuesday, June 9, 2009, 8 a.m. WHERE: Basking Ridge Country Club, 185 Madisonville Rd., Basking Ridge, NJ COST: Registration fee for the symposium: $30. Note: Register by Friday, June 5 as on-site registration will not be available. Qualified media can attend for free. Please visit www.yankeepr.com for information or contact Feiner at 908-894-3930 or fred@yankeepr.com. -------------------------------------------------------------------------------
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