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Annual Report 2020-2021

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Annual Report 2020-2021 ANNUAL REPORT 2020 CHAIRMAN AND CHIEF EXECUTIVE’S ANNUAL LETTER 2020 was a year of change and uncertainty the likes of which we have never seen. The year was marked by wildfires, murder hornets, the death of multiple cultural figures ranging from Boseman to Ginsburg, significant political unrest, and a wave of peaceful demonstrations to end racial injustice. Add a worldwide COVID-19 pandemic – the rise in infections and death; the disruptions and dislocations to lives and business; the emergence of vaccines from cutting-edge science – and 2020 saw more than its fair share of significant historical events. It is notable that as an industry, we didn’t get swept up by the sea of change. We did not stop. The Wisconsin biohealth industry stepped up to the challenge of the COVID-19 pandemic and demonstrated strength, ingenuity, and compassion in ways that helped their employees and the state, and saved lives worldwide. Members put competition aside in the name of cooperation and collaboration for the greater good, and the Wisconsin biohealth industry has flourished. We want to take a moment to thank our member companies for continuing to push forward to help maintain the health and safety of us all. THANK YOU! As the Wisconsin biohealth industry’s collective voice, BioForward continued to focus on member-centric efforts designed to develop an identity for the Wisconsin biohealth industry to compete on the global stage and open the door for more significant investment activity as well as talent acquisition and retention. In tandem, we challenged ourselves to unite our industry despite the world quarantining and Zoom fatigue. Going into our 34th year of operation, we reaffirm our mission to work together to grow Wisconsin biohealth companies and unite the industry to develop integrated health solutions that define the future of healthcare. BioForward’s growth allows us to reinvest in our members through quality programming, making connections, expanding initiatives, and vital donations to Wisconsin STEM programming. We have renewed energy to position the industry for growth and promote the industry and region as we further define our role in helping the Wisconsin biohealth industry build a brighter future. Renewed and United, LISA JOHNSON JAY HILL CEO, BioForward Chairman of the BioForward Board COO & CTO, GE Healthcare Imaging 2 • BIOFORWARD ANNUAL REPORT LISA JOHNSON, CEO STAFF [email protected] BRIAN MOELLER, Director of Member Services & Operations [email protected] MIKE HARRISON, Business Development Manager [email protected] RISSA GUFFEY, Marketing Manager [email protected] JORDAN LAMB, Legislative Counsel DeWitt LLP CHERYL CONNOR, Accountant Cheryl Connor CPA LLC BOARD OF DIRECTORS EXECUTIVE COMMITTEE CHAIR TREASURER SECRETARY PAST CHAIR JAY HILL*3 JON DENISSEN2 LISA BIEGEL2 NICOLAS PARIS+1 COO and CTO, Senior VP VP, Global Lead, Safety Assessment CEO GE Healthcare Imaging Study Direction, Global Reporting Solutions and Global Data Management Solutions BIOFORWARD BOARD GRAHAM BREARLEY* JOSHUA CARSON 1 NINA GARLIE2 HAIYING GRUNENWALD* General Manager Venture Associate Interim VP Director of Product Development CECILIA HILLARD+ EDWARD LADWIG2 THOMAS LYNCH 2 MARK MILLAR+ Associate Dean for Research GM & VP, Chemistry Operations VP, Client Services Director & Business Head RICHARD MOSS* GARRETT PETERSON+ BRAD PIETZ2 BRAD SCHWARTZ*3 Senior Associate Dean, Principal/Chief Strategy Officer Executive VP & CEO Basic Research, Biotechnology, Chief Laboratory Officer JAY HILL and Graduate Studies Chairman of the BioForward Board COO & CTO, GE Healthcare Imaging TAMMY TUREK-ETIENNE 1 JANET WHITE 1 VP of Operations Director of Strategic Portfolio Management Board Action Group Participation * Education + Member Engagement 1 Industry Promotion 2 Talent Acquisition 3 Government Affairs BIOFORWARD ANNUAL REPORT • 3 MISSION Grow Wisconsin biohealth companies and unite the industry to develop integrated health solutions that define the future of healthcare. BioForward Wisconsin is the collective voice of Wisconsin’s robust and comprehensive biohealth cluster, which represents more than 220 member organizations across an integrated network of health solution leaders, including research institutions, biotech and biopharma, digital health and medical device and diagnostics. It is an action-oriented association that focuses on initiatives to strengthen the state’s talent pipeline; collaborations to develop supply chain partnerships; educational and networking events to enhance professional development; and legislative advocacy to highlight the economic and social impact of the biohealth industry on the state, nation, and world. YEAR IN NUMBERS $28M+ 223 7.5K+ SAVED BY MEMBERS 2,000+ $28K+ MEMBER SOCIAL MEDIA THROUGH BIOFORWARD’S EVENT IN COMMUNITY COMPANIES FOLLOWERS SELECT SAVINGS ATTENDEES DONATIONS PROGRAM 4 • BIOFORWARD ANNUAL REPORT ABOUT BIOFORWARD WISCONSIN’S ECONOMIC IMPACT BioForward was proud to share the results of this year’s “Wisconsin Biohealth: Industry Landscape and Economic Impact Report” which highlighted the statewide biohealth industry as a leading economic growth and innovation driver for Wisconsin. According to the report, prepared by TEConomy Partners, LLC, Wisconsin’s biohealth industry is outperforming most major state industries in terms of job growth and wages. Among the highlights within the third-party report are: ECONOMIC IMPACT WAGES • Total state economic impact contribution by the • The high-quality jobs generated across the biohealth industry is $28.8 billion in direct, indirect, biohealth industry pay more than $87,000 on and induced sources average (79% above the overall industry average in Wisconsin) • $1 billion in state and local taxes JOBS FUNDING • Wisconsin’s biohealth research organizations, • Wisconsin-based institutions and organizations manufacturers, digital health, and distribution received almost $500 million in National Institutes companies directly employ more than of Health funding in 2019 (an increase of 22% 46,000 individuals since 2015) • Have seen 8% job growth since 2015, outpacing • Venture capital and angel investments in the state’s overall job growth of 3% Wisconsin’s biohealth industries totaled $517 million during the 2015-19 period • This employment supports more than 72,000 additional jobs, leading to the full biohealth job • Wisconsin biohealth companies received a impact reaching nearly 119,000 jobs throughout combined 131 Small Business Innovation Research the state of Wisconsin (SBIR) and Small Business Technology Transfer (STTR) awards totaling $71 million between 2015-2019 “ More than just mere numbers in a report, this insight highlights the state’s vibrant and dynamic biohealth industry as a $28K+ crucial impact to Wisconsin’s economic growth,” said BioForward Wisconsin CEO Lisa Johnson. “The billions in economic IN COMMUNITY impact for our state combined with the thousands of high-paying jobs play a significant role in our state’s economy. DONATIONS As importantly, individuals and organizations in this industry are essential to the treatment of, and solution to, the COVID-19 pandemic.” See the full report at: https://www.bioforward.org/wisconsins-biohealth-industry-2020-report/ BIOFORWARD ANNUAL REPORT • 5 UNITED AGAINST COVID-19 SELECT SAVINGS AREAS OF FOCUS EVENT SERIES BioForward’s purchasing consortium translates into POSITIONING THE INDUSTRY FOR GROWTH significant cost savings for member companies. The combined purchasing power helps the industry and members operate with cost-efficiency NETWORKING & CONNECTIONS Dedicated to educating allowing them to run effectively. BioForward members increasingly value assistance with networking and making people from a wide-range 70 MEMBER COMPANIES UTILIZING connections between businesses. A significant way that BioForward fills this need of life (biohealth community, is through events that promote the WI biohealth industry, provide education, entrepreneurs, government MAJOR PARTNER officials, media, and more) about increase engagement, and provide an opportunity for networking, community, how the WI biohealth industry and inspiration. stepped up to the challenge of 12 VENDORS 2020 ANNUAL MEMBER MEETING COVID-19, to share resources and knowledge between companies, BioForward’s Annual Member Meeting had to pivot this year due to and promote solutions to end the pandemic and become a virtual event. To provide value to the the pandemic. members and support the industry, BioForward made the event free and presented a panel about growing the industry and an educational panel about developing Large Companies Unite to a COVID-19 vaccine. Provide Insight to Small Companies: A Best Practices $28M SAVED 2020 WISCONSIN BIOHEALTH SUMMIT Virtual Panel (Eurofins, Illumina, BY MEMBER COMPANIES In a continued effort to strengthen and Exact Sciences, Promega, Gilson, protect the biohealth industry during the Covance by Labcorp, Catalent) - EDUCATION, WELLNESS & pandemic, BioForward shifted the Summit March 24, 2020 COMMUNITY to a virtual event and expanded dates and times to fit into the frantic Virtual Town Hall with Senator schedules of members who were vital to diagnosing, treating, and BioForward is proud to collaborate with our education Baldwin - June 17, 2020 preventing the coronavirus. Comedy improv troupe, Second City (who systems to offer training and development of member brought an element of fun), supplemented programming about Wisconsin’s Wisconsin Biohealth Industry’s company talent. We also actively work
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