Life Sciences

Somerset-Based Whizai Gets $4 Million to Make Business Intelligence Easy for Pharma and Life Sciences

Esther Surden | NJ Tech Weekly

WhizAI (Somerset) has an artificial intelligence (AI) technology for the business end of the pharmaceutical and life-science industries that some observers have described as “magical.” The company recently secured an additional $4 million in funding to further scale its software offering. According to WhizAI cofounder and CEO Rohit Vashisht, he and cofounder Amitabh Patil started the company in 2017 with the …

Innovating During COVID-19: New Jersey’s Next Era in Life Sciences

Choose New Jersey | Area Development

Following 150 years of global leadership in life sciences, cell and gene therapy (CGT) is rapidly accelerating within the New Jersey ecosystem. As winter began to wane this year, the world was upended by the COVID-19 pandemic. Unprecedented levels of interest in cell and gene therapies have followed, with research and development (R&D) facilities testing different potential solutions, such as …

RUCDR Infinite Biologics to Provide 30,000 Rapid Response COVID-19 Tests Per Day

Jim Pytell | New Jersey Business Magazine

At what was his 100th COVID-19 press briefing, Gov. Phil Murphy today announced that RUCDR Infinite Biologics, a unit of Rutgers’ Human Genetics Institute of New Jersey, will provide 30,000 rapid-response saliva-based coronavirus tests per day. “Having these tests means we now have 30,000 tests a day that come with a 48-hour turnaround. As test turnaround has lagged nationally given …

Economic Endurance

Daniel J. Munoz | NJBIZ

The New Jersey Economic Development Authority on July 14 unveiled the first two recipients for the expanded version of Angel Investor Tax Credits, which helps investors recoup some of the financial losses incurred from investments in budding technology and life-sciences startups. Under the $25 million program, investors can sell tax credits for up to 20 percent of investments into certain …

A Leader in Healthcare Innovation

New Jersey Business Magazine

Hospitals and life sciences firms create a high-tech ecosystem The hospitals and healthcare facilities in Middlesex County are among the highest ranked in the nation. There are renowned healthcare facilities throughout the county including university hospitals that produce some of the top groundbreaking talent in healthcare in the state, including: University Medical Center of Princeton at Plainsboro; Care One at …

NJEDA approves $12M in investments through Angel Investor Tax Credit program

Emily Bader | ROI-NJ

In the first half of 2020, 14 businesses in New Jersey’s technology, life sciences and clean energy sectors were selected to receive a combined $12.3 million from 50 investments approved through the New Jersey Economic Development Authority’s Angel Investor Tax Credit Program. The Angel Investor Tax Credit Program provides investors refundable tax credits against qualified investments for New Jersey businesses. It supports …

Hackensack Meridian CDI, Merck to Collaborate on COVID-19 Research

New Jersey Business Magazine

The collaborative work aims to find drugs to treat the pandemic The Hackensack Meridian Center for Discovery and Innovation (CDI) has struck a research collaboration with Merck to investigate drugs for treating COVID-19. The CDI will work with Merck to identify candidate treatments for the still-spreading pandemic. “The CDI was started less than a year ago to provide dynamic research …

Leading global biotech expands base in New Jersey

Linda Lindner | NJBIZ

Biotech firm Genmab said July 10 it officially moved into its new U.S. headquarters office and research and development laboratories in Princeton University’s Forrestal Center in Plainsboro. The international company, which specializes in the creation and development of differentiated antibody therapeutics for the treatment of cancer, has its roots in Denmark, but its new location is an expansion of its office and …

Why global interest in N.J. has picked up during pandemic

Tom Bergeron | ROI-NJ.COM

Manufacturers, biotech and pharmaceutical companies, food processing and distribution plants and various technology firms: What do they all have in common? They have all signed deals to either come to New Jersey or expand their operations here since the COVID-19 pandemic broke out in the state. And they all are based internationally. While the pandemic has severely slowed the economy …

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