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Major Boost for SA's Largest Employer
July 12, 2011

By Jim Forsyth - 1200 WOAI News

BioMed SA, the organization which lobbies on behalf of the local bio medical and bio science industries, today signed an agreement of cooperation today with BioJerusalem, which represents bio science industries in Israel, one of the world's leaders in bio medicine, 1200 WOAI news reports.

"This represents an important step in our vision to be recognized around the world as a healthcare and bioscience leader," BioMed SA President Ann Stevens told 1200 WOAI news from Israel. "We are excited to have an opportunity to open doors and build relationships with our counterparts in the capital of one of the world's most technologically advanced nations."

Bio science and bio medicine is the largest single employer in the metro San Antonio area, accounting for more than 100,00 jobs, according to a Chamber of Commerce study. Israel is recognized as the home of hundreds of impressive start up companies in areas of interest to San Antonio, from pharmaceutical development to military medicine.

"We have a number of complimentary strengths and interests, and we were able to draw up an agreement rather quickly," Stevens said.

The agreement is also the centerpiece of a trade mission in Israel being led by Mayor Julian Castro.

"This agreement with Jerusalem continues a long San Antonio tradition of forging mutually beneficial relationships with international cities," Castro said. "By sharing the intellectual capital each city possesses in the biomedical sector, we are each positioning ourselves for further innovation and economic growth."

Agreements like this lead to jobs, as two groups working together can share resources to move products and innovations to market quicker. Stevens points out that for the San Antonio bio medical industry to have facilities like Israel's Hebrew University and Hadassah Hospitals to work with is a major boost for local innovative technologies.

"The ultimate goal of any partnership woudl be to commercialize products and create jobs," Stevens told 1200 WOAI news from Tel Aviv.



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