SOURCE: Industrial Info Resources

June 20, 2008 07:30 ET

Bio Buzz: Life Science Investment Spurs Bipartisanship at Its Best at BIO 2008, an Industrial Info News Alert

SAN DIEGO, CA--(Marketwire - June 20, 2008) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- At least a dozen state capitals are missing their top officials this week, as governors from across the country made their way to San Diego to attend the annual 2008 international BIO conference (June 17-20). With nary a word on the looming presidential elections or political affiliations from any of them, the governors were united in an effort to tout their successes in attracting and retaining life-science investments in their home states. In Georgia, the Coca-Cola Company (NYSE:KO) (Atlanta, Georgia) donated $1 million to the National Health Museum in Atlanta. Virginia Gov. Tim Kaine said the state made a stunning save following a huge potential loss after Eli Lilly & Company's (NYSE:LLY) (Indianapolis, Indiana) decision to pull the plug on a $325 million insulin manufacturing plant. The drug development giant Covance (NYSE:CVD) (Princeton, New Jersey) scooped up the brand new plant and will invest at least another $175 million into the site.

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