As you may know, the Montgomery County Department of Economic Development (MCDED) led the County's participation at the 2012 BIO International Convention held June 18-21 in Boston, MA.
Our team of business development professionals participated in dozens of business partnering forum meetings with national and international biotech companies during the course of the Convention. On June 19, MCDED held a press conference from the floor of the BIOMaryland Pavilion, kicked off by Human Genome Sciences CEO and Biotechnology Industry Organization (BIO) Board Chairman Tom Watkins and Montgomery County Executive Isiah Leggett. The press conference highlighted the success of the County's biotech investment incentive program - the nation's ONLY such local program which helped spur more than $6 million in investments to 10 County-based biotech companies in 2011 - and the creation of the County-inspired, regional biotech intermediary BioHealth Innovation, Inc. (BHI). BHI is chaired by Scott Carmer, Executive Vice President, Commercial Operations, MedImmune and sponsored by Human Genome Sciences and several other local private-sector companies and academic institutions. The press conference also featured a panel, moderated by MedImmune CEO Peter Greenleaf, of County-based, serial biotech entrepreneurs discussing why and how they started companies in Montgomery County.