NEW JERSEY ? Pfizer, Michigan?s biggest life sciences employer, reported Thursday that its third-quarter net income dropped 77 percent after the company decided to drop Exubera, its inhaled insulin product, which forced Pfizer to write off $2.8 billion. Pfizer, which is in the process of abandoning its operations in Ann Arbor and Holland, MI., still
LANSING ? Michigan Business leaders are reluctantly acknowledging that if the controversial new sales tax on services is repealed before December 1 it will have to be replaced with some other source of state revenues and discussions have been held with state leaders on what those tax options are. Among the tax possibilities that have
ANN ARBOR ? Life sciences trade association MichBio announced Thursday that it had formed a new Biotechnology Legislative Caucus during its annual Expo & Conference being held this week in Lansing. The Biotechnology Legislative Caucus is a bipartisan, bicameral body whose membership is open to any interested legislators. The BLC?s leadership group includes Reps. Hildenbrand
ANN ARBOR - Four more Michigan start-up technology companies received $1 million in investment commitments in September from the Michigan Pre-Seed Capital Fund ? companies involved in CRM software, bioinformatics, drug delivery and Internet virus detection. The latest $1 million capital infusion will push the total investments made through the Fund past $3 million. Earlier
ANN ARBOR ? Great Lakes Entrepreneur's Quest, in conjunction with the Kauffman Foundation, is offering Michigan technology and life science entrepreneurs the tools needed to start or refine their business venture, including the business concept itself, learn to access capital, and advance their venture to the next business stage. FastTrac TechVenture focuses on the specific
GRAND RAPIDS - The MI-SBTDC in October offers training for growing and starting businesses. Professionals or current small business owners with pertinent expertise teach these trainings. Reasonable accommodations for persons with disabilities will be made, if requested at least two weeks in advance. Descriptions of the sessions offered in October, locations, and fees are available
LANSING - In this time of extreme revenue pressure, it is important that government focus on ways to not only live within their means but also to be innovative and entrepreneurial in finding ways to be good public servants. The proposed MEDC SBIR/STTR/NIST-ATP Matching program is a case in point. SBIR stands for Small Business
DETROIT ? Women are still a widely untapped resource at the executive level, as well as in board rooms, compared to their male counterparts at Michigan's largest public corporations, a new study shows. More revealing is the lack of women of color at the top of these companies. Published for the first time in 2003,
BIRMINGHAM ? Kirk Ziehm has joined venture capital firm Seneca Partners as Senior Associate. He will be based in Seneca's Bannockburn, Illinois office. "Kirk's range of experiences will be a great addition to the Seneca team. He will bring excellent insights to our clients and portfolio companies as an advisor and consultant," says Rajesh Kothari,
LANSING - The Michigan Senate Energy Policy and Public Utilities Committee will adopt goals next week to help create a long-term energy policy for the state. Committee Chair Sen. Bruce Patterson (R-Canton) urged the parties to have their comments on goal statements that had already been proposed, as well as any additional proposed goals, submitted