The
Michigan Life Science Network is launching two businesses designed to create new life science opportunities for Michigan companies. The two companies, Michigan Virtual BioPharma Company, LLC and the Michigan Virtual Medical Device Company, will launch exhibits at the
MichBio Expo in Lansing in October.
According to excerpts from the article:
“These new LLCs will pull together the knowledge and qualifications of the 600-plus human life science companies scattered across the state and organize them into a functional cooperative full service pharmaceutical company and full service device company for the first time and then, market them across the nation and the world,” said Michael Debiak, president of Michigan Life Science Network.
The two virtual companies are actually databases, comprised of relevant information about the region’s companies — contact information, services offered, specialty areas, working styles, etc. There will be one database for the medical device industry, called The Michigan Virtual Medical Device Company, LLC, and one for pharmaceutical companies, The Michigan Virtual BioPharma Company, LLC.
To help communicate the breadth of Michigan’s life sciences resources, each database initially will be presented as a 10-foot-tall organizational chart at the MichBio Expo annual convention being held next week in Lansing, MI. Companies will be asked to attach their business cards to the areas of the chart where their services are most relevant.
Practically speaking, the two databases will serve as a tool for attracting business to Michigan’s life sciences companies. A visiting organization from Japan in search of a commercialization partner, for example, would have an efficient way of accessing all Michigan companies with expertise in that field. When there are multiple companies within Michigan that offer the same services, Michigan Life Science Network will organize a vetting process to find the most appropriate fit.
Read the entire article here.
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