Montgomery County, Human Genome Sciences Inc., MedImmune, Johns Hopkins University, the University of Maryland and Adventist HealthCare are all putting up funding for a regional biotech partnership — the most concrete step yet in a long-deferred mission to connect the region’s life sciences sector to itself.
Officials have been quietly laying the groundwork for BioHealth Innovation Inc. (BHI) since 2009, although its goals are far older. The regional nonprofit is envisioned as a sort of intermediary between biotech, academia, government and investors — with the hopes of multiplying life sciences investment, commercializing more scientific discoveries, and linking scientific and business talent, among other goals.
Among the plans for BHI's first five years: increasing the region's bio investment to $150 million annually.