I think the views of BioTech companies are skewed...LOOK at CELG

I think CELG is on the forefront of charitable sponsorship. Beside the cost of basic research and finding the cash for events such as this and ones sponsored by CELG in San Diego, New Jersey and San Francisco, this is very commendable.

The 22nd Annual Cox Classic, presented by The Hibbert Group along with lead sponsor Celgene, will take place on Monday, at the New Jersey National Golf Club, in Bernards.

Since 1989, the event presented by the Steven A. Cox Foundation has raised some $6.4 million to benefit children’s charities and other causes, while attracting a wide range of corporate sponsors and participants from the tri-state area.

This year’s Classic will support the educational outreach efforts of LIFE (LPGA Players in the Fight to Eradicate Breast Cancer), led by Val Skinner in support of the BioCONECT initiative with the Cancer Institute of New Jersey. In addition, the Classic benefits the St. Jude Children’s Research Hospital,

The final beneficiary of the 22nd Annual is Rutgers, The State University of New Jersey, which — through its Department of Chemistry and Chemical Biology — has established the “Steven A. Cox Scholarship for Cancer Research at Rutgers University.”

In addition to the event’s top sponsors, The Hibbert Group, New Jersey National Golf Club and Celgene, the 22nd Annual Cox Charity Classic is backed by many corporate sponsors, including Asurion and Haddad & Partners, AT&T, Atlantic City Electric, Ferriero Engineering, Maritz, Met Life and OSB Co.

Led by 2011 U.S. Solheim Cup Captain, Rosie Jones, the tournament will be headlined by the ladies of the LPGA, who will be providing tips at the practice range prior to the tournament, and participating in several on-course skills contests. The 2011 event features an 18-hole golf tournament followed by a cocktail reception, dinner, and awards ceremony. Highlighting the evening festivities is a post-golf reception that brings participants and dignitaries together to socialize, while celebrating the event’s great charitable endeavors. Participants will have the opportunity to win an assortment of gifts and prizes in a silent auction offering a breadth of sports memorabilia.

“The Steven A. Cox Foundation is extremely proud to host our 22nd consecutive Cox Classic and support three such outstanding beneficiaries,” said Mike Marion, chairman of the Steven A. Cox Foundation. “This event is dedicated to honoring and celebrating the life of Steven Cox, and preserving his legacy through philanthropic initiatives supporting critical women’s and children’s causes.” Cox lost his battle to cancer in 1991 at the age of 32.

While the event is sold out for 2011, companies interested in any of the 11 sponsorship categories available in the tournament, can visit www.coxcharityclassic.com.