Arizona Bioscience News: AZ Innovation Challenge names 5 bio finalists; Banner Health breaks ground on Tucson tower; Tempe considers bio campus

June 3, 2016

By Matt Ellsworth

jobsUA researchers seek imaging markers for ovarian cancer / Arizona Daily Star

University of Arizona researchers on a federally funded two-year project are trying to identify subtle tissue changes that could provide early diagnoses of ovarian cancer.

10 Arizona companies named Innovation Challenge finalists / Phoenix Business Journal

Five bioscience companies are among the 10 selected by the Arizona Commerce Authority as finalists for the Spring 2016 Arizona Innovation Challenge, where startup firms can earn up to $250,000. Read also: Tucson medical-device firm a finalist for $250,000 grant

Scottsdale health IT firm secures $50M investment / Phoenix Business Journal

Centauri Health Solutions Inc. has received a $50 million investment from Boston-based Silversmith Capital Partners, allowing the Scottsdale health-information-technology company to double its workforce and acquire other companies.

Banner construction projects total $2 billion this year / Phoenix Business Journal

Phoenix-based Banner Health has 322 active construction projects totaling $1.9 billion, including its main hospital campuses in Phoenix and Tucson, up from $1.5 billion in projects a year ago.

Ground broken for new university hospital tower / Arizona Public Media

Banner Health marked the start of a half-billion dollars’ worth of construction projects in Tucson when earth was turned for a new nine-story, 670,000-square-foot tower adjacent to University Medical Center. Read also: Banner UMC breaks ground on new hospital

The biopharmaceutical sector had nearly $10B economic impact in Arizona / Phoenix Business Journal

The biopharmaceutical industry is a major contributor to the U.S. economy, and also has a growing presence in Arizona, with a total economic impact of $9.4 billion in 2014, according to a new report released by TEConomy Partners LLC.

Arizona Gov. Ducey signs legislation giving patients access to interchangeable biologic meds / Life Science Daily

Arizona has passed a law that will offer incentives for interchangeable biologic medicine innovation while better regulating patient access to accurate prescription information.

Tempe ponders proposals for biomedical campus next to arts center / Phoenix Business Journal

The city of Tempe is considering four proposals to develop 20 acres next to the Tempe Center for the Arts into a biomedical or biotechnology campus.