Mar 8, 2023
AZ Bio & Life Sciences Innovation w/ Joan Koerber-Walker
- BRT S04 EP10 (172) 3-5-2023
Things We Learned This Week
- AZ Bio mission to improve life and bioscience, & make AZ a Top Ten Bioscience state
- Their company members deal with diseases, medical devices & cancer research to cure it
- Combo of Gov't & Private Funding, University research & private company work
- 3 Ds - Discovery, Development, & Delivery - takes years, and $ billions to bring new drugs to market
Guest:
Joan
Koerber-Walker
President and CEO,
AZBio - Arizona Bioindustry Association,
Inc.
Chairman, Opportunity Through Entrepreneurship Foundation
LKIN: https://www.linkedin.com/in/joankoerberwalker
Bio:
As President and CEO of AZBio, Joan Koerber-Walker works on behalf of the Arizona Bioscience and Medical Technology Industry to support the growth of the industry, its members and our community on the local and national level. Ms. Koerber-Walker is also a life science investor and has served on the boards of numerous for-profit and non-profit organizations.
In the life science industry, Ms. Koerber-Walker serves as as Arizona’s representative to the State Medical Technology Alliance (SMTA), a consortium of state and regional trade associations representing their local medical technology companies which she chaired in 2015 and represents Arizona as a member of the Council of State Bioscience Associations (CSBA) and the Coalition of State Bioscience Institutes (CSBI).
Active in the entrepreneurial and investment communities, she also serves as Chairman of the Board of the Opportunity Through Entrepreneurship Foundation which provides entrepreneurial education, mentoring and support to at-risk members of the community, on the Board of Advisors to CellTrust, Inc. which provides secure communication technology to the healthcare industry, and as Chairman of CorePurpose, Inc. which she founded in 2002.
Ms. Koerber-Walker has been recognized as Executive of the Year by the Arizona Society of Association Executives, as a “Most Admired Leader” by the Phoenix Business Journal (2015), in the pages of AZ Business Leaders (2013 thru 2020), Most Influential Women in Arizona Business (2014) and is a 2 time National Finalist for the Stevie Award which recognizes the work of women in business.
Her past experience includes two years as the CEO of ASBA (the Arizona Small Business Association), service as a member of the Board of Trustees of the National Small Business Association in Washington D.C., President of the National Speakers Association/Arizona, Chair of the Board of Advisors to Parenting Arizona, the state’s largest child abuse prevention organization, & much more.
AZBio: Supporting Arizona’s Life Science Industry for 19 Years (2003 – 2022)
Learn more about Arizona's bioindustry: www.azbio.org
| Facebook: AZBIO |Twitter: @AZBio @AZBioCEO
We’re part of a movement to create sustainable funding for life science innovation in Arizona.
Learn more at www.AZAdvances.org
MOVING LIFE SCIENCE INNOVATIONS ALONG THE PATH
FROM DISCOVERY TO DEVELOPMENT TO DELIVERY
OUR VISION OF THE FUTURE: Arizona is a top-ten life science state.
OUR MISSION: AZBio supports the needs of Arizona’s growing life science ecosystem.
The Arizona Bioindustry Association (AZBio) is a not-for-profit, 501(c)6 trade association supporting the growth of Arizona’s life science sector.
AZBio Member Organizations in the fields of business, research and education, health care delivery, economic development, government, and other professions involved in the biosciences are the key drivers of the growth of Arizona’s life science sector. As the unified voice of our industry in Arizona, AZBio strives to make Arizona a place where bioscience organizations can grow and succeed.
AZBio works nationally and globally with the Advanced Medical Technology Association (AdvaMed), the Biotechnology Innovation Organization (BIO), the Medical Device Manufacturers Association (MDMA), the Pharmaceutical Research and Manufacturers of America (PhRMA), and leading patient advocacy organizations.
Through these relationships, AZBio has access to information, contacts, resources, cost saving programs, and the global bioscience and medtech community.
Arizona’s bioscience industry is growing rapidly and reached nearly 30,000 jobs spanning 2,160 business establishments in 2018. Industry employment has grown by 15 percent since 2016—twice the growth rate of the nation—with each of the five major subsectors adding jobs during the period. Arizona’s universities conducted nearly $580 million in R&D activities in bioscience-related fields in 2018, fueled in part by steadily increasing NIH awards to Arizona institutions since 2016. Venture capital investments in Arizona bioscience companies increased in 2019, and during the 2016-19 period totaled $349 million. Arizona inventors have been awarded 2,178 bioscience-related patents since 2016, among the second quintile of states in patent activity.
Notes:
Seg 1 – Flashback Clips of AZ Tech w/ Steve Zylstra (from 8/2/2020) & Russ Yelton (5/1/2022)
Guest: Steve Zylstra, President / CEO AZ Tech Council
https://www.aztechcouncil.org/
https://www.aztechcouncil.org/kfnx_july2021/
Steve Zylstra of AZ Tech Council joins BRT to talk all things technology in the Valley. The Arizona Technology Council is one of the largest technology-driven trade associations in North America, with over 850 members and growing, the only organization specifically serving technology companies statewide. They protect innovators and truly believe that technology moves all of us forward; and are dedicated to the future of Arizona.
Steve Zylstra advocates for AZ tech, as well as his recurring writing about the industry. Steve, and the Council are a major source for updates on technology, business growth, and what legislation is being drafted.
Full Show: HERE
Guest: Russ Yelton, Pres., Yelton & Associates
Immediate Past Chairman, AZBio Board of Directors
http://www.yeltonandassociates.com/
https://www.azbio.org/azbio-board-of-directors/russ-yelton
https://www.linkedin.com/in/russ-yelton-46a9412/
Russ Yelton served as Chairman of the AZBio Board of Directors from January 2015 to December 2017. He has been an active board members since being elected in 2009.
He is currently president of Yelton and Associates. The firm provides economic development services as well as early stage business solutions. Yelton and Associates has experience both domestically and internationally and has assisted thousands of entrepreneurs to raise funding and bring their products to a variety of markets. The firm also has a long history of assisting municipalities with the development of co-work, incubators and accelerators as well as loan funds, student focused entrepreneurial programming as well as shared facilities.
Full Show: HERE
Seg 2
Joan joins BRT to talk about AZ Bio, and their mission to improve life and bio science -organization deals in medical devices, diseases, cancer research. Companies join AZ bio as members, 275+ in Arizona.
Examples: Calviri with their mission to end cancer, they are working on a vaccine to cure cancer. Currently, they are doing a study with dogs. Anuncia Medical working on helping kids who have hydrocephalus. Aqualung Therapeutics Corp. dealing with acute respiratory syndrome, which is fluid and inflammation in the lungs.
They have events monthly that are free and open to the public, running state wide AZ and in Phoenix. The 3rd Tuesday of every month, AZ Bio pairs. Quarterly events, the board hosts the reception at a member site, April 2023 at the Mayo Clinic. Bigger event in the fall (Sep 2023), 8th annual AZ Bio week
AZ Bio started in 2003, with the vision that Arizona will be a top 10 bioscience state. Partnerships with the major universities like ASU and U of A - researchers and service professionals at both universities.
Seg 3
Government is an important partner, that provides financial support. Examples are Medicare research, workforce help, and tax breaks. Many organizations like this are publicly funded with government and university help.
$25 billion in funding over the last 20 years in Arizona in bio investment. Government funded $5 billion, that’s from state and federal sales tax at a penny per. $112 million funding to universities in 2022. Combination of industry, government and philanthropy.
Discovery phase - university helps develop the IP and research. Technology is spun out of the university to corporate development by companies. The AZ Board of Regents owns the patents. They license the patents to companies. Then you have regulatory.
Distribution of a product. Successful products are profitable. They have a royalty that pays to the company, the university and the government. Example of this was the University of Florida created Gatorade in the 1970s and still gets royalties today.
Process takes 10 to 15 years, with hundreds of people involved. Clinical trials of any type of drug takes years.
Calviri – targeted cancer therapeutics and cancer vaccines
Skysong Innovations with ASU – office hub in Scottsdale with many bio-tech co’s
Regulatory test of a product through the FDA to determine if it is safe and effective. This is a very expensive process with big clinical trials. Covid vaccine was a blockbuster hat. three to $4 billion in investment.
Seg 4
How do you define success? There’s a 1 in 100 chance you help the patient.
What is the ROI in Arizona - $25 bill invested. ROI has been $38 billion in 2021 in economic impact.
AZ ranks about 30th. To get in the top 10 needs to be about $78 billion of economic impact per year.
3 D’s – Discovery. Development, Delivery
Step 1 - Most of 25 million invested in D1, university and hospital. Easy health industry trust fund, endowment.
Step 2 – Development - $10 million a year to get to 78 billion impact in 5 to 10 years, with public and private money.
Flynn Foundation is the steward of AZ Bio with the University. They are training the work force of tomorrow.
Companies to follow – Tripp, Medtronic, Rausch
Industries (private) develop and deliver, they have the capital, they take the risk, and they have the work staff. It takes decades of work, investing and R&D plus regulations.
Covid saw a great breakthrough in bioscience with the MRNA vaccine development
AZ Tech Council Shows:
https://brt-show.libsyn.com/size/5/?search=az+tech+council
*Includes Best of AZ Tech Council show from 2/12/2023
Tech Topic:
https://brt-show.libsyn.com/category/Tech-Startup-VC-Cybersecurity-Energy-Science
Best of Tech: https://brt-show.libsyn.com/size/5/?search=best+of+tech
‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT
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