News

DEBRIEF: Lee Cheatham, BNL’s prince of partnering

Go east, young man: While the bulk of his education and the entirety of his professional career have occurred in western locales, Lee Cheatham’s path has led him finally to Long Island. The director of Brookhaven National Laboratory’s new Strategic Partnerships Office packs a world-class education (B.S. from Oregon State, M.S. from Washington State, Ph.D. from Carnegie Mellon, all in electrical engineering) and abundant professional experience. Included: VP of product engineering for Ameritech Library Services,…


ALI director Mark lesko

Accelerate releases startups report

Accelerate Long Island released its much-anticipated technology startups report this week, taking the first comprehensive look at the region’s emerging innovation economy. Regional economic development officials have long supported technology as the anchor of a post-defense Long Island economy, but the effort has never fully taken hold. Now, with the Regional Economic  Development Council at the fore, and with such new programs as the state’s Start-Up NY effort, the dream of a future Tech Island…


Bioscience Park

Lights back on, finally, at Bioscience Park

Biotech firm Codagenix, a fixture at Stony Brook’s technology incubator for the past three years, is moving to the Broad Hollow Bioscience Park at SUNY Farmingdale to qualify for the state’s Start-Up NY program. (Additional reason for the move: Robert Coleman, the Codagenix COO, is an assistant professor of biology at Farmingdale.) Codagenix uses proprietary software to genetically re-code viruses, which are then synthesized from scratch as treatment candidates – one is a promising flu…


Fuel bill clears Assembly committee

An Assembly bill voted out of committee last week would require all heating oil sold in New York State contain at least 2 percent biodiesel — that’s fuel derived from renewable agricultural products — by 2016. Long Island Assemblyman Steven Englebright, chair of the Committee on Environmental Conservation, said the bill would help improve air quality by cutting carbon dioxide and toxins emitted during the burning of traditional heating oil. Biofuel has been used in heating…


stuart rabinowitz

Hofstra, NS-LIJ nursing school unveiled

Hofstra University and the North Shore-LIJ Health System unveiled plans for a School of Graduate Nursing and Health Professions, with school officials saying the initial focus is on health care professionals already at work in the region. North Shore-LIJ spokesman Terry Lynam told Innovate-LI that the expectation is the student population of the new Hempstead school – jointly announced this week by Hofstra University and the ever-expanding health system – will be largely comprised of…


DepYMed CEO Andreas Grill

Clinical trials for DepYMed

A joint venture between biotech stalwart Ohr Pharmaceutical and Cold Spring Harbor Laboratory is taking the fight to breast cancer – though a revolutionary treatment may still be a half-decade away at least. Cold Spring Harbor-based DepYMed, which incorporated just 10 months ago, is eyeing the first clinical trials of an enzyme inhibitor the company is proffering as a potential breakthrough for patients with HER2-positive breast cancer – a cancer that causes uncontrolled amplification in…


Henry Schein CEO Stanley Bergman as the firm joins the S&P 500 and is named to Forbes best companies list.

Health products giant Henry Schein added to S&P 500

Melville-based Henry Schein was added S&P 500 this week in recognition of the healthcare products distributor’s market capitalization, which now ranks among the 500 largest companies listed on the New York Stock Exchange or NASDAQ. The firm’s market capitalization was about $11.5 billion – the largest for a Long Island-based firm. Canon, whose U.S. operations are headquartered in Melville, has a $36 billion market capitalization while CA Technologies, which recently moved its headquarters to New York City but maintains…


Ryan, former Forest veep, named to CSHL post

Cold Spring Harbor Laboratory has added another major-league bat to its commercialization lineup. Charles Ryan, former senior vice president and chief intellectual property counsel at Forest Laboratories, is CSHL’s new general counsel, bringing a wealth of experience in patent law and partnering agreements to the cutting-edge R&D facility. “I’m very excited about this opportunity,” Ryan told Innovate-LI. “Long Island is an incredible place to do science and to do business, and there’s no place on…