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Moody's Affirms Institute's Aa3 Credit Rating

Moody's Investors Service has affirmed The Scripps Research Institute's Aa3 long-term credit rating. The rating applies to the institute’s Series 2000, Series 2005A and taxable Series 2005B bonds issued through the California Infrastructure and Economic Development Bank.

Moody’s noted that the rating incorporates a variety of factors, including the institute’s “position as a leading national biomedical research organization,” financial reserves, essentially balanced annual operating performance, and new leadership. The rating also takes into account pressures related to national trends of declines in federal grant funding, the conclusion of a long-term general funding strategy involving a single pharmaceutical partner, and the institute’s lease and pension obligations.

According to the rating agency, “The rating outlook is stable, reflecting no borrowing plans and slowly growing financial resources, with expectations of generally balanced operating performance as Scripps Florida is brought fully online against successful cost management efforts of Scripps La Jolla, bringing in good operating cash flow and debt service coverage.”


Felding-Habermann Awarded New NIH ‘Provocative Question’ Grant

Scripps Research Institute Associate Professor Brunhilde Felding-Habermann has received one of only 57 grants awarded nationwide in the “Provocative Questions” initiative, a new funding mechanism launched by the National Institutes of Health’s National Cancer Institute (NCI).

According to the NCI, the initiative—which drew more than 700 project applications—represents a new and different way to identify and address research needs in cancer by challenging researchers to delve into key areas that require more in depth study, focusing on major unsolved or neglected problems in oncology. 

Felding-Habermann’s project—“Normalizing Breast Cancer Metabolism to Prevent Progression and Recurrence”—will investigate one of 24 NCI initiative questions: “Given the appearance of resistance in response to cell killing therapies, can we extend survival by using approaches that keep tumors static?”

The Provocative Questions approach, said the NCI, “ helps to define the boundaries between the known and unknown; it takes advantage of new developments to refocus a discipline’s attention on historically intractable problems; and it highlights perplexing issues that may be raised by new evidence about traditional topics.”


Bruce Maryanoff Wins E.B. Hershberg Award

Bruce E. Maryanoff, visiting investigator in the Ghadiri lab, has won the 2013 E. B. Hershberg Award, a national recognition presented by the American Chemical Society (ACS). Sponsored by Merck Research Laboratories, the award recognizes important discoveries in the chemistry of medicinally active substances.

The award was established in 1988 to honor the contributions of Emanuel B. Hershberg to the pharmaceutical industry, especially the application of organic chemistry for the discovery and development of novel drugs.

Maryanoff will be honored at an April 9 awards ceremony, in conjunction with the 245th ACS National Meeting in New Orleans.


Scripps Florida to Co-Host Regional Networking Event

Scripps Florida will co-host an academic-industry networking event—“Connecting Emerging Leaders in the Life Sciences” (CELLS)—for the South Florida life sciences community on Thursday, September 20, from 5:30 to 8:30 PM in the Scripps Café. The event is also presented by BioFlorida, Life Science Technology HUB, the Employ Florida Banner Center, and Workforce Alliance. Other local institutions, including the Max Planck Florida Institute, Vaccine and Gene Therapy Institute, Florida Atlantic University, and Palm Beach State College, have also been involved in the event’s planning and outreach.

Held in recognition of National Postdoctoral Appreciation Week, CELLS will bring together industry, biotech, and academic institutions from the South Florida region to highlight postdoctoral and graduate student talent and unite the emerging life science community, said Mike Matrone, program coordinator in the Scripps Research Career and Postdoctoral Services Office. Another important goal of the event is “to build and retain bioscience talent in Florida,” he added.

The CELLS event will feature an introduction by Scripps Florida’s Senior Director of Scientific Support Operations Dawn Johnson, one-minute speed introductions to bioscience businesses in the region, one-on-one interactions with business representatives at company booths, and opportunities to connect with potential employers in a social setting. Appetizers and drinks will be served.

Attendance is free with advance registration by Friday, September 14. Admittance at the door will be $15, cash only.

For additional details, contact Matrone at matrone@scripps.edu or Cheryl Marra at cmarra@scripps.edu.





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