Local companies get post-Pfizer dollars
Four Ann Arbor companies are among the first to receive low-interest loans through a state program geared at retaining Pfizer Pharmaceutical, Inc., talent and assets.
Four Ann Arbor companies are among the first to receive low-interest loans through a state program geared at retaining Pfizer Pharmaceutical, Inc., talent and assets.
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A Massachusetts investment group has poured more than a million dollars into Michigan biotech firms in the past two years.
The state's Strategic Fund Board has approved an $8 million loan program that should enable local life sciences businesses to purchase Pfizer assets.
Compendia Bioscience, Inc., an Ann Arbor-area biotech company has gotten a $250,000 investment from Ann Arbor SPARK and a $2.4 million research grant from the National Cancer Institute.
With the help of Ann Arbor SPARK, new companies and University of Michigan researchers are starting to move into the former Pfizer wet lab section.
Pfizer walks out the door and opportunity comes in through the window. Ann Arbor takes inspiration from another Michigan community's post-Pfizer successes and seeds the ground with start ups, SPARK and state support.
Since the decline of the Big Three, it's become clear Michigan businesses need a new model. As technology firms pop up, and global communications allow small companies to compete internationally like never before, more start-ups are realizing that it pays to be David when you're battling Goliaths.
Xoran Technologies is on a mission to cut healthcare costs through efficiency and innovation. It's been a winning strategy for both the company and Ann Arbor's growing life sciences industry
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