LITHUANIA AT 2022 BIO INTERNATIONAL CONVENTION - EUROPE'S FASTEST GROWING LIFE SCIENCE CLUSTER SEEKS CLOSER US LINKS

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May 19, 2022, 14:18 ET

FROM CLIMATE-CHANGING CRISPR SOLUTIONS TO AI-DRIVEN PROTEIN DESIGN, AMBITIOUS BALTIC NATION OFFERS LIMITLESS COLLABORATION OPPORTUNITIES IN SAN DIEGO, JUNE 13-16

VILNIUS, May 19, 2022 Lithuanian life science innovation will again be on display at the 2022 BIO International convention in San Diego. Innovation Agency Lithuania will showcase 8 leading Lithuanian biotech stars on the Lithuanian pavilion demonstrating why Lithuania is one of Europe's fastest-growing life science hubs. All are looking to build stronger links with the US which is already the country's biggest market accounting for 28% of its life science exports in 2021.

Life sciences have strong roots in the Baltic nation with the first enzyme factory opening over 50 years ago. Sustained double-digit growth over the last decade has encouraged the country to aim for life sciences reaching 5% of GDP by 2030. Already the hub centered mainly around Vilnius has more than 570 companies covering core life science products and services.

Key to achieving this is not only great ongoing research and government support but the deep and diverse pool of talent – Lithuania comes in second in the EU with 25% of students choosing STEM academic disciplines, out of 56% of the population with higher education. Furthermore, according to Eurostat, 58% of researchers in Lithuania are women.

Therefore BIO 2022's "LIMITLESS" theme perfectly matches the opportunities for collaboration the exciting companies on the Innovation Agency Lithuania Pavilion will offer. Visitors will find a range of experts on the latest CRISPR genetic scissors technology, AI-Driven Protein design, drugs targeting cold tumors, pan-European clinical trials, and market access. They will also hear why leading companies such as Biogen, Cureline, Teva, Hollister, or Thermo Fisher have chosen to establish operations in Lithuania.

"Life sciences are a key priority for Lithuania and the 2022 BIO International Convention offers us the ideal platform to showcase our leading companies. We have a strong tradition in molecular biology and immunology demonstrated by companies such as Biomatter Designs, Genie Biotech, Felicitex, and CasZyme, while CRO and pharma service providers Insuvia, Biomapas and Cureline Baltic build on Lithuania's reputation for excellence in clinical trials. We are also looking to build links with leading US and other global clusters", says Rasa Uždavinytė, Director of International Trade Development at Innovation Agency Lithuania.

The companies attending are:

Insuvia – pharmacovigilance services
Biomapas – clinical trials and drug registration
CasZyme – CRISPR gene editing tools
Biomatter Designs – AI-driven protein design
Cureline Baltic – precision medicine CRO
Genie Biotech – bioconjugation tools and services
Felicitex Therapeutics – targeting quiescent cancer cells

The Lithuanian companies will be available for media and partner interviews throughout the week.

Innovation Agency Lithuania Pavilion media contacts for 2022 BIO International Convention

Janet Joy Richard Hayhurst Erin Reese
E: [email protected] E: [email protected] E: [email protected]

T: + 44 (0)7951 393984 T: +44 (0)7711 821 527 T: +1 301.801.1880

www.enterpriselithuania.com

About Innovation Agency Lithuania (former Enterprise Lithuania)

The Innovation Agency Lithuania merges Enterprise Lithuania and the Lithuanian Business Support Agency and consolidates the functions for the promotion of innovative activities performed by the Agency for Science, Innovation, and Technology.

The Innovation Agency Lithuania was officially launched by the Lithuanian Ministry of Economy and Innovation in April 2022. The agency will be responsible for the Lithuanian innovation ecosystem and the promotion of innovation at all stages of business development – from developing ideas to delivering products to end users.

The agency will administer a range of innovation, digitalisation, and other business support measures with a total value over the next few years of more than EUR 500 million. To increase exports and competitiveness, priority is being given to promoting the internationalisation of Lithuanian companies, increasing export competencies, looking for new contacts and developing a network of partners, and diversifying export markets. More than EUR 80 million are planned to be invested in export promotion by 2030.

More than 300 employees work for the agency which has its headquarters in Vilnius, with regional offices in 13 Lithuanian cities.

SOURCE Innovation Agency Lithuania