Venebio The life sciences solutions network

Venebio named a Greater Richmond Company to Watch for 2010

RICHMOND, Virginia – October 29, 2009 ‑ Venebio was selected as one of eight “Greater Richmond’s Companies to Watch (GRCTW)” for 2010. The announcement was made during the Venture Forum’s fifth annual event on October 29, 2009. The Venture Forum is a Richmond-area networking group for investment professionals and entrepreneurs and the award is presented each year to companies that "have built solid foundations for success, job creation and [made] major contributions to the area's economic vitality." Winners are chosen by a panel of venture capitalists, investors, educators and business consultants. Nearly 50 companies were nominated. The award recognizes companies not only for their past performance, but for their ambition to disrupt an industry, introduce major innovation and take risks to succeed spectacularly. Sponsors of the 2010 competition included Troutman Sanders, LeClairRyan, Williams Mullen, CIT Entrepreneur, Cherry, Bekaert & Holland, The Help Desk Company, VACO, Sands Anderson Marks & Miller, RichmondBizSense.com, and Might Casey Media.

David Lohr, Executive Director of the Virginia Biosciences Development Center, remarked, "Venebio is one of the very promising early stage companies in our Virginia Biosciences Development Center incubation program. They have a unique research consultancy business model ideally suited for the challenges facing the life sciences industry today. We are proud to have Venebio in our program and to see them receive this well deserved recognition.”

“Venebio is honored to be recognized by the Selection Committee, an impressive group of business leaders experienced in reviewing and analyzing businesses from multiple industries,” said Dr. Lenn Murrelle, President and CEO of Venebio. “As a small business, Venebio offers the life sciences industry an array of strategic research consulting services to solve the most challenging of problems it faces. We believe our comprehensive services allow our clients to achieve their business goals in the most time- and cost-efficient manner. In addition, we look forward to joining the prestigious group of companies that has been selected by the Committee in recent years and to helping grow the life sciences footprint in the Greater Richmond area.”

Among the benefits to Venebio as a Greater Richmond Company to Watch will be news articles in several regional publications, including distribution to venture capital firms in Virginia, North Carolina, and Maryland. Since the first award in 2005, nearly two dozen selected companies have gone on to raise venture capital or significant private investment, or had a successful sale of the company.

About Venebio: Venebio (www.venebio.com ) is a research consultancy small business that provides cost-effective, custom solutions for complex life sciences problems. By integrating the expertise of a global network of scientists in a broad range of biomedical fields, Venebio delivers comprehensive project management and start-to-finish problem solving in pharmacogenomics, pharmacoepidemiology, genetic and molecular epidemiology, personalized medicine, bioinformatics, systems biology, and biomarker discovery. As part of its comprehensive services, Venebio also offers epidemiologic literature reviews and analysis to pharmaceutical companies, biotechnology and medical device companies, healthcare organizations, academic research centers, law firms, and government entities. Venebio is based in the Virginia BioTechnology Research Park in Richmond.

Contact:
Lenn Murrelle, MSPH, PhD
lenn.murrelle@venebio.com