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Yearly Archives: 2020

Changes to PPP Rules Set After Senate Passes Paycheck Protection Flexibility Act of 2020

By Denise Bell | Published June 5, 2020

By Brandon Allfrey, Partner, Squire, Brandona@squire.com Late Wednesday evening, the U.S Senate passed by unanimous consent the Paycheck Protection Program Flexibility Act of 2020 to ease some of the original rules of the PPP application and forgiveness rules from the CARES Act and the subsequent guidance from the Treasury Department.  The details of the Act did not change from the […]

Posted in COVID-19 Legislation, Feature, Federal News | Leave a comment

BIO-Nikon Webinar

By admin | Published June 2, 2020

WEBINAR: IMAGING APPLICATIONS FOR R&D, SCREENING & QUALITY ASSURANCE – Thursday, June 24, 2020, 1:00 pm Eastern Collecting imaging data on the microscopic scale has become an essential part of any life sciences venture. Images not only provide striking visual insights into the microscopic world, they also contain a host of quantifiable, multi-dimensional information that can […]

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ProLung Has a New Name, Gets $3.3 Million Private Placement and More…

By Denise Bell | Published May 29, 2020

ProLung, now IONIQ Sciences (IONIQ), has been on a roll! Last week, the company announced that they had fully subscribed a $3.3 million private placement. This week, the company unveiled its new name and also announced the initiation of an institutional private equity offering. The new corporate name – IONIQ Sciences – reflects the company’s mission […]

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Jim Greenwood: Thank You and Looking Forward

By admin | Published May 29, 2020

A letter from departing BIO president Jim Greenwood originally sent May 27, 2020 After more than fifteen years as President and CEO of BIO, I will pass the baton to Michelle McMurry-Heath on June 1st. It has been a fascinating period for me and for the biotechnology sector. I am proud of the unparalleled team […]

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Alucent Biomedical Announces First Patient Enrolled in Phase 1 Natural Vascular Scaffolding Clinical Trial

By admin | Published May 29, 2020

Multicenter ACTIVATE I Study to Enroll up to 15 Patients in the U.S. SALT LAKE CITY – May 27, 2020 –  (Alucent Biomedical) Alucent Biomedical Inc. announced that it has enrolled the first two patients in ACTIVATE I, a Phase 1 clinical trial to evaluate the safety and efficacy of its revolutionary Natural Vascular Scaffolding […]

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House Passes Bill to Fix PPP, Provide Flexibility For Small Businesses

By Denise Bell | Published May 28, 2020

The House on Thursday passed legislation to make it easier for small businesses to have their PPP loans forgiven, including extending the timeframe during which businesses must use funds and easing requirements on how the funds can be used. The Paycheck Protection Program (PPP) Flexibility Act, authored by Rep. Dean Phillips (D-Minn.) and Rep. Chip […]

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Governor Issues Executive Order Releasing Updated Guidelines for Low-Risk Phase in the Utah Leads Together Plan

By Denise Bell | Published May 28, 2020

SALT LAKE CITY (May 27, 2020) – Gov. Gary R. Herbert has issued an Executive Order updating guidelines for areas in low health risk designation under Utah’s phased health guidance plan. The order specifically addresses updated guidelines pertaining to social gatherings, education, businesses, travel and events. “We are making progress and we can see that […]

Posted in COVID-19 Updates, Policy News, State News | Leave a comment

Grants Still Available for the Utah Commercial Real Estate Assistance Program

By Denise Bell | Published May 22, 2020

On May 11, 2020, the Governor’s Office of Economic Development (GOED) began accepting applications for the Utah Commercial Real Estate Assistance Program, to provide rental relief to small businesses that have lost revenue as a result of COVID-19 mitigation efforts. The program, with $40 million in funds, has received 2,700 applications to date, totaling just […]

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House to Act on PPP Changes Next Week

By Denise Bell | Published May 22, 2020

The U.S. House of Representatives is expected to vote next week on bipartisan legislation, the Paycheck Protection Flexibility Act, which would revamp the popular Paycheck Protection Program (PPP) to allow for more flexible terms. In Utah, for rounds one and two of funding, a total of 47,046 businesses have received PPP loans, amounting to nearly […]

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President Trump Issues Executive Orders for U.S. Manufacturing of Strategic Medical Supplies; Regulatory Relief

By Denise Bell | Published May 21, 2020

On May 14, President Trump signed an executive order to encourage the domestic production of  critical medical supplies. In the current pandemic, U.S. reliance on China for products such as personal protective equipment, ventilators, and antibiotics, has drawn increased interest in having critical drugs and medical devices manufactured in the homeland. The order would give […]

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NOW CFO + BioUtah Present: PPP Loan Forgiveness NEW Form and Updates

By Kelvyn Cullimore | Published May 21, 2020

PPP loan forgiveness questions?  Learn how to maximize your approval for loan forgiveness and understand the new Forgiveness Form Application. Your PPP loan has been submitted, accepted or received! Now what??? Many companies have worked with a SBA lender and have had their loan submitted, accepted or funded and wonder how to maximize the forgiveness […]

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BioUtah Mourns Loss of Soft Cell Founder and CEO, John “Brent” Hunt

By Denise Bell | Published May 21, 2020

BioUtah and Utah’s life sciences community mourns the death of one our own, John “Brent” Hunt, age 59.  He was founder and CEO of Soft Cell Biological Research (Soft Cell). Soft Cell issued a press release following his passing.  According to a report by KSL, he was reported missing on Friday, May 4 after failing […]

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