Southern California Biomedical Council (SoCalBio)

Exciting news from SoCalBio members, SetPoint Medical.

Congratulations to SoCalBio member, StrokeDx founders, Alex Ballatori and Shane Shahrestani, MD, PhD for making Forbes 30 Under 30 List!

A new national report from Biotechnology Innovation Organization highlights the #bioscience industry's extensive impact on the U.S. economy. Findings: ✅The sector directly employed 2.29 million Americans across nearly 150,000 business establishments in 2023 ✅The sector generated more than $3.2 trillion in overall economic output in 2023  https://lnkd.in/gtbFSfzs Follow us to stay up to date on all the latest information. #socalbio

Wishing a Happy Thanksgiving to all!

Join us on Wednesday, November 20th at 12:00 PM for an informative session on the differences between SoCalBio's exclusive pooled 401(k) program and traditional single employer 401(k) plans. This unique offering is available only to SoCalBio members in partnership with Transamerica. Don't miss out—register now using the link below! https://lnkd.in/gTmaGD_U

Did you miss out on attending the 26th Annual SoCalBio Investor & Partnership Conference? Not to worry! Catch the highlights in our press release below and sign up for our newsletter at www.socalbio.org.

There is still time to get on the list to join us on Wednesday, November 6th! This exclusive event is a prime opportunity for finance executives to network with top finance leaders and operations professionals from leading companies, fostering informed and timely decision-making within their organizations. By invitation only. For more details, please contact us at [email protected]. Upcoming CFO Breakfast: Focus on ERP Systems and Inventory Management Join us in November as we dive into the world of Enterprise Resource Planning (ERP) systems and inventory management, exploring ways to enhance workflow through the integration of core processes. Key Discussion Topics Include: ·      Selecting ERP systems tailored to your company's size, revenue, and transaction volume. ·      Leveraging ERP add-ons and third-party software to boost functionality. ·      Navigating the options: SaaS vs. Cloud vs. On-Premise solutions. ·      Deciding between outsourcing implementation or managing projects in-house. ·      Choosing between direct sales or working with Value-Added Resellers. ·      All-in-one solutions vs. modular systems: o  Basic Features: General Ledger, Accounts Payable, Accounts Receivable, Reporting. o  Expanded Features: Warehouse Management System (WMS), inventory management, project-based accounting. ·      Comparing Manufacturing needs (raw materials, in-process tracking, WMS) vs. Distribution (inventory management). Don't miss this chance to enhance your organization's financial strategies!

Congratulations Mohammad E. Kondri, MPH, MIS/MBA! Thank you for your continued support.

Join Us for the SoCalBio CFO Roundtable! This exclusive event is a prime opportunity for finance executives to network with top finance leaders and operations professionals from leading companies, fostering informed and timely decision-making within their organizations. By invitation only. For more details, please contact us at [email protected]. Upcoming CFO Breakfast: Focus on ERP Systems and Inventory Management Join us in November as we dive into the world of Enterprise Resource Planning (ERP) systems and inventory management, exploring ways to enhance workflow through the integration of core processes. Key Discussion Topics Include: ·      Selecting ERP systems tailored to your company's size, revenue, and transaction volume. ·      Leveraging ERP add-ons and third-party software to boost functionality. ·      Navigating the options: SaaS vs. Cloud vs. On-Premise solutions. ·      Deciding between outsourcing implementation or managing projects in-house. ·      Choosing between direct sales or working with Value-Added Resellers. ·      All-in-one solutions vs. modular systems: o  Basic Features: General Ledger, Accounts Payable, Accounts Receivable, Reporting. o  Expanded Features: Warehouse Management System (WMS), inventory management, project-based accounting. ·      Comparing Manufacturing needs (raw materials, in-process tracking, WMS) vs. Distribution (inventory management). Don't miss this chance to enhance your organization's financial strategies!

Thank you to Krista L. Hartin, Melissa Eshaghian, CLCS, and Bill Lewis from IMA for their continued support of SoCalBio and their commitment to nurturing the life science community in Southern California.