MassBio Joins Governor, Mayor to Welcome Bio in 2012

September 28, 2009

MassBio President & CEO Robert Coughlin joined Governor Deval L. Patrick and Boston Mayor Thomas M. Menino, and James E. Rooney, executive director of the Massachusetts Convention Center Authority, to announce today that the prestigious BIO International Convention will return to Boston in 2012, bringing new attention to the state’s robust biotechnology industry while generating millions of dollars in economic impact from this singular event.

The BIO International Convention is the world's largest gathering of the biotechnology industry,
attracting more than 20,000 attendees from around the world, including more than 500 members
of the international press. The Boston convention is scheduled for June 2012.

“We’re so pleased that Boston and the Commonwealth will once again host this extraordinary
event,” said Rooney. “We promise to equal if not better the huge success of BIO 2007, and will
work diligently to ensure the 2012 event and others help enhance our biotech industry.”

The 2007 BIO International Convention, produced by the Biotechnology Industry Organization,
broke records on multiple fronts for Boston, including economic impact, show attendance, event
exhibitors and partnering meetings. After four days at the Boston Convention & Exhibition
Center, it proved the largest event in the facility’s history, generating $24.1 million in economic
impact.

“Our ongoing focus on the biotechnology industry is just one of the many reasons the
Massachusetts economy is primed for recovery and growth,” said Governor Deval Patrick. “By
bringing the BIO International Convention back to Boston and drawing the world’s attention
once again to our state’s inherent strengths, we can and we will create both the immediate and
long term economic impacts that benefit businesses, workers and families across the
Commonwealth.”

“BIO 2007 left an indelible mark on Boston,” said Mayor Thomas M. Menino. “The event was
an economic boon to local hotels, restaurants and businesses, and showed the world that Boston
is a leader in the growing biotechnology industry. I am proud that our city can host this
monumental event again in 2012.”

Based on early estimates, it’s believed the 2012 event could generate $30.1 million in economic
impact. BIO officials project requiring 10,000 rooms on peak nights in 2012, with a total of
approximately 41,200 total room nights. The event, which currently has about 24,000 attendees,
is expected to have more than 26,000 attendees by 2012.

“We are excited to bring the world’s largest gathering of the biotechnology industry to the
greater Boston area in 2012, showcasing the regional biotechnology community,” said Jim
Greenwood, president and CEO of BIO, producer of the BIO International Convention. “Our
convention draws a global focus to the region, helping attract continued biotech investment.”

The 2007 BIO International Convention attracted a record 22,366 attendees, a nearly 15 percent
increase from the previous year, with representatives from 48 states and 64 countries. One-third
of attendees came from outside the United States. The BIO Exhibition featured the largest
gathering of biotech exhibitors in history, with more than 1,900 companies and 60 domestic,
country and regional pavilions representing every aspect of the biotechnology industry. The
BIO Business Forum also set records for attendance and partnering meetings. More than 6,000
attendees representing 1,503 companies participated in the Forum and held 12,103 partnering
meetings.

“We are thrilled with the announcement that Boston will be hosting the BIO convention in
2012,” said Robert Coughlin, president and CEO of the Massachusetts Biotechnology Council.
“It is certainly fitting, as Massachusetts was at the forefront of the biotech revolution, and
scientific innovation here continues to drive the industry toward solutions for humanity’s critical
health and energy needs.”

The convention attracts approximately 20,000 industry leaders and features more than 200,000
square feet of exhibitions showcasing the latest advancements in biotechnology alongside an
array of potential partners, service providers, and state and international delegations. The 2012
event also will include keynotes from global leaders, education sessions, business partnering
meetings, and numerous networking events.

“The BIO International convention has been an important part of our story of life sciences
leadership in Massachusetts,” said Dr. Susan Windham-Bannister, President & CEO of the
Massachusetts Life Sciences Center. “In 2007 Governor Patrick announced his life sciences
initiative at BIO, in 2008 we announced that it had been signed into law, and in 2009 we
showed our early return on investment. In 2012, four years into the initiative, we will have even
more of a story to tell when BIO returns home to Boston.”

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