Contact: AnnMarie McDonald | 609-392-6557
TRENTON, N.J. – Continuing its quest to promote economic growth in New Jersey, the New Jersey Lawsuit Reform Alliance (NJLRA) has joined Innovation New Jersey, a coalition of the state’s leading business and higher education organizations.
Innovation New Jersey seeks to foster the life sciences and biotechnology industries in New Jersey by uniting the state’s business and higher education communities. NJLRA is optimistic that enacting meaningful lawsuit reform measures will encourage an innovation-based economy by making it safe for responsible pharmaceutical and biotechnology companies to operate here in New Jersey.
“Statistics show that New Jersey’s pharmaceutical and biotechnology companies are a leading source of jobs and economic stability in New Jersey,” said Marcus Rayner, executive director of NJLRA. “By protecting these companies from frivolous litigation, we are allowing them to invest more of their resources into doing what they do best: creating jobs and saving lives.”
Innovation New Jersey has received the support of Lieutenant Governor Kim Guadagno. Together, the coalition hopes to achieve the following:
- Encourage increased private and public sector research and development;
- Promote the commercialization of new medicines, technologies and products to improve the quality of life globally;
- Stimulate economic growth in New Jersey;
- Retain and advance high-paying innovation-related jobs in the State;
- Increase the number of Science, Technology, Engineering and Math (STEM) related graduates from New Jersey colleges and universities.
A complete list of Innovation New Jersey’s members can be found on INJ’s new website, http://innovationnj.net/.
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The New Jersey Lawsuit Reform Alliance (NJLRA) is a statewide, bipartisan group of businesses, individuals and organizations committed to improving the State’s civil justice system by advocating for legal reforms in the legislature and in the courts. NJLRA believes a balanced civil justice system is critical to ensuring fair and open courts, maintaining and attracting jobs and fostering economic growth in New Jersey. NJLRA is the only organization in New Jersey dedicated exclusively to civil justice reform.