BioE Wins Upside Minnesota Magazine's Business Builder Award
Company honored for leveraging platform cell separation technology to discover rare stem cellNovember 7, 2005
ST. PAUL, Minn. BioE®, Inc., a biomedical company providing non-embryonic, human stem cells, announced today it won Upsize Minnesota magazine’s 2005 Business Builder Award in the “Best Practices in Technology & Innovation” category. A panel of judges selected BioE among four other finalists at the annual Upsize Business Builder Awards and Seminar, which featured six interactive presentations from 30 of Minnesota’s savviest small-business owners about how to apply best practices for building a business.
“Our Business Builder Awards program is designed to recognize the hard work and ingenious efforts of Minnesota-based small businesses,” said Beth Ewen, editor for Upsize Minnesota. “We are pleased to honor BioE this year as our Best Practices in Technology & Innovation category winner.” The magazine cited BioE for its ability to leverage a platform technology to discover a rare stem cell that will help the company drive initial and incremental revenue.
“We are thrilled to be the recipient of an Upsize Business Builder Award,” said Michael Haider, president and chief executive officer for BioE. “Our pioneering work to develop innovative stem cell tools and technologies using our platform PrepaCyte® cell separation technology is clearly paying dividends. Its utilization allowed us to discover and commercialize our Multi-Lineage Progenitor Cell™ (MLPC™), a novel stem cell derived from human umbilical cord blood whose characteristics present pharmaceutical and biotechnology companies and institutional researchers a new and robust tool for high-throughput drug screening and therapeutic research.”
This year’s Upsize Business Builder Award recipients will be profiled in the publication’s December 2005 issue.