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Leaders from some of New Jersey’s largest pharmaceutical companies explain what’s involved in pricing drugs for public consumption. Get all the innovation news in this week’s Innovation NJ update.

At BioNJ Roundtable, Biopharmaceutical Executives Share What’s Behind Drug Pricing Vince Calio reports on NJBIZ that it’s no secret that biopharmaceutical companies have become the target of heavy criticism from politicians and consumers due to high drug prices, especially at a time when health care reform in the U.S. has become a hot-button topic. The topic is especially of interest in New Jersey, given that some of the state’s largest employers are biopharmaceutical companies including Kenilworth-based Merck; Johnson & Johnson, headquartered in New Brunswick; and Celgene, located in Summit.

NJBIA’s Innovation Summit 2017: Reinvent Your Business to Compete in the 21st Century Economy NJBIA’s Steve Wilson reports businesses need not be discouraged about the marketplace challenges of the 21st century economy. The innovation they need to take advantage of new technologies and new processes is well within their reach if they are willing to embrace change. At NJBIA’s Innovation Summit on September 27, three long-established companies and the U.S. military showed how they are using innovation to not just survive, but to lead the way for change.

HINJ to Host 2017 Life Sciences Celebration on October 12 in Trenton; Six Honorees Named The HealthCare Institute of New Jersey (HINJ) will honor meritorious leadership in and contributions to New Jersey’s life sciences community at HINJ’s Life Sciences Celebration 2017, which will be held Thursday, October 12 from 8:00 to 10:00 a.m. at the Historic Trenton Masonic Temple, 100 Barrack Street, Trenton. Online registration for the free event is now open. HINJ’s 2017 honorees are: The Honorable Bob Franks Public Service Award: The Honorable Diane Allen, Member, New Jersey Senate (Burlington).

Trump Signs Memo Expanding Access STEM and Computer Science Education for K-12 Students; Seeks to Invest $200 Million to Boost Instruction Moriah Balingit reported in The Washington Post on that President Donald J. Trump wants the U.S. Department of Education to invest $200 million to boost U.S. classroom instruction in computer science and STEM – science, technology, engineering and math. Balingit reported that the President announced the initiative on September 25 while flanked by about 50 schoolchildren and Education Secretary Betsy DeVos, Labor Secretary Alex Acosta and Ivanka Trump, his daughter and White House adviser.

Nuclear Regulatory Commission Awards Thomas Edison University Scholarship Grant to Benefit Students The United States Nuclear Regulatory Commission (NRC) has awarded more than $197,000 in scholarship funding to Thomas Edison State University to benefit qualifying students enrolled in academic programs related to the nuclear power industry. “We are immensely proud that our institution has once again been selected for the Nuclear Regulatory Commission Scholarship funding,” said Dr. John O. Aje, dean of the School of Applied Science and Technology at the University.

NJ Health Foundation Awards NJIT’s Dr. Eon Soo Lee Grant to Develop Biochip for Simplified, Faster Disease Detection, Diagnosis and MonitoringNew Jersey Health Foundation (NJHF) has awarded a $50,000 Innovation Grant to Eon Soo Lee, Ph.D., assistant professor of mechanical and industrial engineering at New Jersey Institute of Technology (NJIT). The purpose of the NJHF grant is to help advance the development of a microfluidic chip that provides instant diagnostic results, advancing earlier detection and diagnosis for patients, announced James M. Golubieski, the foundation’s president.

R&D Council of NJ Names 2017 Edison Patent and Special Recognition Honorees; Event Set for Nov. 2 The Research & Development Council of New Jersey will present its 2017 Annual Edison Patent Awards on November 2 at the Liberty Science Center in Jersey City, NJ. The 2017 Edison Patent Award winners – which include Merck & Co., Inc. and Johnson & Johnson subsidiary Ethicon, member companies of the HealthCare Institute of New Jersey (HINJ).

Montclair State University Researchers Receive NSF INCLUDES Award; Project to Develop Paths to STEM Success for Underrepresented Groups Montclair State University researchers have received an NSF INCLUDES (Inclusion across the Nation of Communities of Learners of Underrepresented Discoverers in Engineering and Science) grant to expand STEM opportunities for historically underrepresented low-income, minority and women students. A two-year grant of $300,000 funds the NSF INCLUDES Design and Development Launch Pilot, “Sustainability Teams Empower and Amplify Membership in STEM” (S-TEAMS).

Upcoming Events


Chemistry Council of NJ’s Inaugural Hal Bozarth Memorial Golf Outing benefiting STEM Education

When: Mon, Oct. 2, 9 am – 6 pm
Where: Old York Country Club, 228 Old York Rd, Chesterfield


NJ Tech Council’s CIO Conference
When: Wed, Oct. 4, 1 pm – 6 pm

Where: Princeton


The 6th Annual “Made in NJ” National Manufacturing Day
When: Friday, Oct. 6, 2017
Where: Bridgewater Marriott, 700 Commons Way, Bridgewater

NJ Innovation Institute and Columbia University’s “Biopharmaceutical Product Development & Data Science Symposium”
When: Tue, Oct. 10, 8 am – 5 pm
Where: NJIT, Campus Center Atrium, 150 Bleeker St., Newark


HINJ’s Life Sciences Celebration 2017
When: Thu, Oct. 12, 8 am – 10 am
Where: Historic Trenton Masonic Temple, 100 Barrack Street, Trenton


NJ Tech Council’s 2017 Leadership Summit
When: Thu, October 12, 2:30 pm – 5:30 pm
Where: Synchronoss, Bridgewater


NJ Tech Council’s Women in Tech
When: Wed, Oct. 18, 8 am – 1 pm
Where: New Brunswick


BioNJ’s Fifth Annual CEO Summit
When: Fri, Oct. 27, 7 am – 4 pm
Where: Bridgewater Marriott, 700 Commons Way, Bridgewater