2013 Georgia Bio Industry Growth Awards Recipients
Tuesday, January 8, 2013
Posted by: Angela King
ATLANTA, GA (January 8, 2013) – Chris Cummiskey, Commissioner of the Georgia Department of Economic Development (GDEcD), and Jay S. Yadav, M.D., Founder and Chief Executive of CardioMEMS, Inc., are the recipients of the 2013 Georgia Bio Industry Growth Awards.
The Industry Growth Awards are the highest honors bestowed each year by Georgia Bio (GaBio). They recognize individuals in the public and private sectors who have made extraordinary contributions to the growth of Georgia’s life sciences industry. Commissioner Cummiskey is the recipient from the public sector, Dr. Yadav from the private sector.
Commissioner Cummiskey is being honored for his leadership of the Georgia Department of Economic Development, the state agency responsible for bringing jobs and investment to Georgia through global commerce, entertainment and tourism. During Commissioner Cummiskey’s tenure at GDEcD, he and his team have spearheaded more than 500 company locations or expansions that have created more than 46,700 jobs and $8.92 billion in investment in Georgia. Baxter International, Inc.,’s announcement that it will open a bio-pharmaceutical manufacturing facility in Georgia, investing $1.3 billion and creating 1,800 jobs, marked a watershed event in the development of the state’s biotech industry, and has set the stage for further investment from this sector. In addition, the state’s investment in a bioscience training center will not only provide a customized training program for Baxter, but also represents an investment into a long-term pipeline of highly skilled workers for Georgia’s biotech industry. A succession of wins under Commissioner Cummiskey’s leadership during the last two years has created more than 2,500 jobs in Georgia and brought more than $1.56 billion to the state, providing a springboard for an energized emphasis on growing biotechnology in Georgia.
Dr. Yadav is being honored as a successful entrepreneur and leader of Georgia’s bioscience community.
CardioMEMS, Inc., a medical device company that has developed and is commercializing proprietary wireless sensing and communication technology for the human body, has thrived under his leadership. Dr. Yadav also is being recognized for his leadership as Chairman of the Board for ICON Interventional, a member of the Georgia Bio Board of Directors, the Metro Atlanta Bioscience Leadership Council and the American Heart Association. Dr. Yadav is an internationally recognized interventional cardiologist and holds numerous honors in his field.
Commissioner Cummiskey and Dr. Yadav will be honored at the GaBio Annual Awards Dinner, January 24, 6 pm to 9 pm, at the Atlanta Fox Theater. Learn more and register at www.gabio.org/awards.
Biographies of Honorees
Commissioner Chris Cummiskey
Chris Cummiskey, named Commissioner of the Georgia Department of Economic Development (GDEcD) by Governor Nathan Deal, joined the agency in January 2011. As Commissioner, he leads the state agency responsible for bringing jobs and investment to Georgia through global commerce, entertainment and tourism.
During Commissioner Cummiskey’s tenure at GDEcD, he and his team have spearheaded more than 500 company locations or expansions that have created more than 46,700 jobs and $8.92 billion in investment in Georgia. These locations included two of the biggest projects in recent memory: Baxter International, and Caterpillar, which together account for $1.5 billion in investment and 3,200 new jobs. Under the Commissioner’s leadership, the tourism industry registered $49 billion in total economic impact during 2011, and in FY12, the impact of the film industry reached $3.1 billion, a new record.
In partnership with the Georgia Chamber of Commerce, the Commissioner leads the planning and implementation of Governor Deal’s economic development strategy, the Georgia Competitiveness Initiative, which has resulted in new business-friendly legislation and a number of other initiatives to enhance the state’s business climate.
Prior to joining GDEcD, Cummiskey was a former manager and director of energy and gas derivatives trading for companies like RWE Americas, Mirant and Mieco, giving him a deep background in business. The intergovernmental relationships he developed during his roles as a senior director for Senator Johnny Isakson, former Georgia House Speaker Glenn Richardson, and the University of Georgia are also assets to his work as Georgia’s economic development leader.
Cummiskey graduated from the University of Georgia with a bachelor’s degree in Business Administration. He resides in Atlanta with his wife Rebecca.
Jay S. Yadav, M.D.
Jay S. Yadav, M.D., is the Founder and Chief Executive of CardioMEMS and a consulting cardiologist at the Piedmont Heart Institute. He was the founder of Angioguard (acquired by Johnson & Johnson) and initial investor and director of SMART Therapeutics (acquired by Boston Scientific). Dr. Yadav is a director of several private medical device and technology companies. He is a member of the Metro Atlanta Bioscience Leadership Council and the American Heart Association; and a Director of Georgia Bio and The Indus Entrepreneurs. Dr. Yadav has authored two books and over two hundred publications and has received numerous honors including the AHA Top Ten Scientific Advances for 2003, Ellis Island Medal of Honor for 2004, Southeast Medical Device Association Entrepreneur of the Year Award for 2010 and Ernst and Young Entrepreneur of the Year for Healthcare (Southern Region) for 2011.
Georgia Bio (www.gabio.org) is the private, non-profit association whose members include pharmaceutical, biotechnology and medical device companies, medical centers, universities and research institutes, government groups and other business organizations involved in the development of life sciences related products and services.
Note to Editors: Credentialed members of the news media are invited to attend. Registration is complimentary. Please contact Maria Thacker (404-920-2042; firstname.lastname@example.org).