WEBVTT

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>>GERRY: HELLO AND WELCOME TO

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INSIDE INDIANA BUSINESS. I'M

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GERRY DICK.

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OVER THE PAST TWO DECADES,

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INDIANA HAS GROWN INTO A

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GLOBALLY RECOGNIZED LIFE

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SCIENCES ECONOMY WITH MORE THAN

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2,200 COMPANIES CALLING THE

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STATE HOME...AND THAT NUMBER IS

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GROWING.

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BIOCROSSROADS HAS BEEN A KEY

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PLAYER IN THAT GROWTH,

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SUPPORTING MORE THAN 500 LIFE

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SCIENCES START-UPS AND

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ORGANIZING TWO VENTURE CAPITAL

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FUNDS.

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WITH PERSPECTIVE AND A LOOK AT

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WHAT'S NEXT, I'M PLEASED TO

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WELCOME BACK TO THE SHOW

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BIOCROSSROADS CEO PATTY MARTIN.

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PATTY, WELCOME TO THE SHOW,

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CONGRATULATIONS ON THE

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MILESTONE.

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>> THANK YOU VERY MUCH, GERRY.

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THANKS FOR HAVING ME.

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>> YOU BET.

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SEEMS LIKE YESTERDAY, I REMEMBER

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WHEN BIO CROSSROADS WAS

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LAUNCHED, ABOUT 20 YEARS.

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IT HAS BEEN A GROWTH STORY TO BE

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SURE.

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THE INDUSTRY AS AN EXAMPLE,

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GROWING FROM $32 MILLION TO

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$80 BILLION IN THE STATE.

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SO ANYONE WHO THINKS THE LIFE

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SCIENCES AREN'T A VERY, VERY KEY

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PART OF THE ECONOMY.

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YOU LOOK AT THE NUMBERS, THEY

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TELL A DIFFERENT STORY.

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>> THEY ABSOLUTELY TELL A

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DIFFERENT STORY.

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A LITTLE UNKNOWN FACT, WE EXPORT

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THE MOST PRODUCT OUT OF THE

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STATE OF INDIANA WITH THE

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EXCEPTION OF CALIFORNIA.

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WE ARE A BIG PLAYER IN LIFE

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SCIENCES.

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>> THAT IS AN AMAZING STATISTIC.

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I THINK MOST PEOPLE, MANY PEOPLE

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HERE OF LILLY AND ROCHE, AND

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DOWN THE LIST, THE ASSETS WE

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HAVE, PURDUE AND I.U. SOMETIMES

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WHAT IS LOST IS THE START

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UPCOMPANY.

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BIO CROSSROADS WORKED WITH 500,

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GETTING THEM OFF THE GROUND,

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ADDING JOBS AND INVESTMENT.

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>> THAT'S EXACTLY RIGHT, GERRY.

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I THINK MANY PEOPLE THINK ABOUT

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LIFE SCIENCES AS LARGE FARM AND

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BIO TECHNICAL, LIGHT LAB COATS,

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IT IS MUCH MORE, IT REACHES

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ACROSS THE ENTIRE STATE, HAS

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EVERYTHING FROM LABORATORIES TO

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ADVANCED MANUFACTURING, A

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SIGNIFICANT CAPABILITY FOR LIFE

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SCIENCES IN THE STATE.

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>> I WANTED TO TOUCH ON THAT.

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I THINK THAT IS INTERESTING TO

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NOTE.

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LIFE SCIENCES, YOU THINK OF LABS

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AND RESEARCH.

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BUT ADVANCED MANUFACTURING,

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WHICH IS THE SWEET SPOT FOR

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INDIANA, TO BE SURE.

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THAT'S A BIG PART OF THE LIFE

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SCIENCES, TOO.

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>> IT'S ABSOLUTELY A HUGE

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CONTRIBUTOR TO OUR ECONOMY, AND

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JOBS IN THE STATE.

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AND I'LL JUST HIGHLIGHT ONE

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PARTICULAR FACT THAT FOLKS

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PROBABLY AREN'T AWARE OF.

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THAT IS THAT INDIANA IS THE ONLY

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STATE THAT'S MANUFACTURING ALL

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THREE COVID VACCINATIONS, WE ARE

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MANUFACTURING THEM BY THE TENS

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OF MILLIONS.

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SO HATS OFF TO OUR MANUFACTURING

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ORGANIZATION HERE IN THE STATE

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HELPING TO FIGHT THE PANDEMIC.

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>> WOW, GREAT STATISTIC.

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JOBS AND WAGES, IN THE LIFE

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SCIENCES, SO MANY OF THESE JOBS

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PAY WELL ABOVE THE AVERAGE WAGE.

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THESE ARE THE KINDS OF JOBS THAT

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STATES ALL OVER THE COUNTRY ARE

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TRYING TO KEEP AND GET.

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>> THAT'S CORRECT.

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GERRY, AND OUR LIFE SCIENCES

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INDUSTRY PAYS ABOUT TWO TIMES

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THE NORMAL AVERAGE WAGE, FROM

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ACROSS THE STATE.

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AND AGAIN THAT'S IN ALL KINDS OF

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JOBS.

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ONE OF THE THINGS WE WANT TO

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PROMOTE, WE'VE BEEN VERY

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SUCCESSFUL IN RECRUITING

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COMPANIES TO THE STATE OF

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INDIANA.

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WE NEED TO MAKE SURE OUR TALENT

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PIPELINE IS READY TO FILL THOSE

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JOBS, AND IT IS A GREAT PLACE TO

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BE.

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>> AS PART OF THAT, A GREAT

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POINT THERE, AS WELL, SOME OF

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THE INITIATIVES THAT BIO

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CROSSROADS HAS SPEARHEADED, 16

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TECH ON THE NEAR WEST SIDE OF

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INDIANAPOLIS, AFTER YEARS OF

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TALK IS BECOMING REALITY.

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THE INDIANA BUSINESS RESEARCH

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INSTITUTE.

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THERE ARE SEVERAL REALLY MAJOR

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INITIATIVES THAT NOW ARE

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GROWING, AND FLOURISHING IN

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LARGE PART BECAUSE OF BIO

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CROSSROADS.

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>> WE HAVE BEEN REALLY BLESSED

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AT BIO CROSSROADS.

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OUR FOUNDATION IS ROOTED IN

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DOING PRIMARY RESEARCH TO

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IDENTIFY THE OPPORTUNITIES FOR

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THE STATE.

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ONE BIG ONE WAS THE FIRST

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ELECTRONIC MEDICAL RECORDS

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CONSORTIUM, INDIANA HEALTH

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EXCHANGE, PUT US ON THE MAP WITH

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RESPECT TO DATA.

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WE ARE VERY FORTUNATE.

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PLEASE COME VISIT US AT 16 TECH,

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IT'S REALLY EVOLVING, A GREAT

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PLACE.

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>> FOR THOSE WHO HAVEN'T BEEN

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THERE OR AREN'T AWARE, GIVE US A

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THUMBNAIL OF 16 TECH AND WHAT

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THE VIBE IS LIKE.

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I'VE BEEN OUT THERE, IT REALLY

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IS LITERALLY COMING TO LIFE,

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WHICH I KNOW FOR A LOT OF PEOPLE

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HAS BEEN TALKED ABOUT MANY

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YEARS, FOR A LOT OF PEOPLE IS

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EXCITING TO SEE IT COME TO LIFE.

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>> GERRY, IT WAS, ROUGHLY 60

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ACRES THAT HAD NOT BEEN

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DEVELOPED.

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AND IT IS ABSOLUTELY COMING TO

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LIFE.

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I HAVE POSTED FOLKS FROM ALL

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OVER THE COUNTRY AT 16 TECH, IF

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YOU HAVEN'T BEEN DOWN, COME

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DOWN, WE HAVE GREAT

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RESTAURANTEURS.

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WHEN YOU COME, YOU FEEL LIKE YOU

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ARE IN SAN FRANCISCO OR BOSTON.

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IT IS A GREAT PLACE TO CONVENE.

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WE ARE RUNNING A GRANT FROM

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LILLY ENDOWMENT THAT IS FOCUSED

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ON CONVENING OUR RESEARCH

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UNIVERSITIES AND OUR INDUSTRY.

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THEY HAVE SHARED SPACE NOW AT

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THE AMP.

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SO YOU CAN'T REALLY UNDERSTAND

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IT UNTIL YOU COME VISIT.

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>> ONLY 20 SECONDS, PATTY, I

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KNOW LOOKING FORWARD, YOU'VE

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ESTABLISHED THREE VENTURE FUNDS,

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VERY EXCITING, GOING FORWARD,

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CAN WE EXPECT MORE OF THAT TYPE

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OF ACTIVITY FROM BIO CROSSROADS?

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>> GERRY, WE HAVE AN ESTABLISHED

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THREE C FUNDS, OUR THIRD IS

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NEARLY FULLY INVESTED IN 32

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COMPANIES, RAISED ALMOST

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$800 MILLION IN CAPITAL.

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YES, WE ARE EVALUATING OUR NEXT

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OPPORTUNITIES, AND THERE IS A

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LOT MORE GROWTH AND INVESTMENT

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TO BE MADE HERE.

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>> WE WILL BE EXCITED TO COVER

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IT.

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PATTY MARTIN, CEO AT BIO

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CROSSROADS.

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20 YEARS OF GROWTH.