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4 healthcare startups that deserve a spot on Shark Tank

By News Archive

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We have the sharks for an all healthcare Shark Tank, now we need the startups. Although someone pointed out on Twitter that Vinod Khosla should be in this group, and it’s true, he should be. So with that addition, what entrepreneurs should be pitching to this group on Friday night?

Deanna, Stephanie, Amanda and I each nominated companies. Here are the criteria:

  • Solution must address a need-to-solve problem, not a nice-to-solve 
  • CEO or founder must give a good pitch 
  • Idea must be relatively understandable for a general audience
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Sanaria Wins Verl Zanders Award

By News Archive

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Montgomery County’s own Sanaria, a emerging biotech company dedicated to the creation of a Malaria vaccine, was named the Verl Zanders Emerging Business of the Year by the Montgomery County Chamber of Commerce.

The award was accepted by CEO Dr. Stephen L. Hoffman during an awards dinner on November 21.

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Funding: NIH grants fund technology development – The Lancet

By News Archive

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Many medical scientists feel most comfortable at the laboratory bench, developing hypotheses, testing ideas, and running experiments. The US National Institutes of Health (NIH), too, almost exclusively funds this type of hypothesis-driven basic research.

However, bringing a drug, diagnostic tool, or medical device to market requires a lot more than basic research. The problem, scientists say, is that federal funding runs out long before a potential product is ready for investors. “If you’ve made a discovery with NIH grant money and you want to run some studies in a mouse model, those can be expensive, and it’s not the type of study that NIH reviewers typically like. There’s this gap in the ability to get money”, says Paul DiCorleto, director of Cleveland Clinic’s Lerner Research Institute.

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A look at health IT startups that formed Blueprint Health’s first class

By News Archive

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It’s hard to believe that nearly two years after it picked its inaugural class of entrepreneurs to respond to trends in healthcare. Now the health IT accelerator in New York  Blueprint Health is gearing up for class number five.

Looking back on its first graduates, Dr.  Brad Weinberg, who co-founded  the program with Mathew Farkash, noted that seven of the original nine companies are still in business. Five are generating revenue.  Looking at its alumni of 39 companies with which it’s invested, 36 of them are still in operation and 80 percent are turning a profit — a record he would challenge other healthcare accelerators to beat.

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GSK announces $1 mn innovation prize for bioelectronics research

By News Archive

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GSK announced a $1 million dollar prize for innovation in the emerging area of bioelectronics research. This prize will be awarded to the scientists who are first able to solve the challenge of creating a miniaturised, fully implantable device that can read, write and block the body’s electrical signals to treat disease and it is hoped that after finding a solution to this challenge will open and accelerate significant avenues of research in this field.

The scientific challenge was developed and agreed by a group of approximately 150 leading scientists from around the world, brought together by GSK’S Bioelectronics R&D unit at a summit this week in New York. Collectively, summit attendees agreed that if they create an implantable wireless device that can record, stimulate and block neural signals to a single organ, it will be a critical factor enabling the onward development of bioelectronic medicines as a future therapeutic reality.

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Best of 2013: 7 Ways Imagination Ruled the World – Best Of on GOOD

By News Archive

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This year, conversations about creativity and innovation have been happening all over the world. And while there’s still a long way to go, we’re excited to see just how many schools and communities are embracing the importance of letting a child’s imagination run wild.

A fantastic example of this is when five-year-old Miles Scott became Batkid in San Francisco-turned-Gotham City this November.

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AstraZeneca to buy Bristol-Myers’ entire global diabetes alliance assets for $4.1 billion

By News Archive

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AstraZeneca, a global and innovation-driven biopharmaceutical business, has signed an agreement to acquire the entirety of Bristol-Myers Squibb’s interests in the companies’ diabetes alliance for an initial consideration of $2.7 billion on completion and up to $1.4 billion in regulatory, launch and sales-related payments. AstraZeneca has also agreed to pay various sales-related royalty payments up until 2025. In addition, AstraZeneca may make payments up to $225 million when certain assets are subsequently transferred.

Upon completion of the transaction, AstraZeneca will own intellectual property and global rights for the development, manufacture and commercialisation of the diabetes business, which includes Onglyza (saxagliptin), Kombiglyze XR (saxagliptin and metformin HCl extended release), Komboglyze (saxagliptin and metformin HCl), dapagliflozin (marketed as Forxiga outside the US), Byetta (exenatide), Bydureon (exenatide extended-release for injectable suspension), metreleptin and Symlin (pramlintide acetate).

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Montgomery County Business Leaders and Government Officials Visit China to Strengthen Ties – Asian Fortune

By Uncategorized

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From Sept. 15-25, Montgomery County executive Ike Leggett led a trip for four cities in China: Shanghai, Xi’an, Benxi, and the Gu’an County right outside of Beijing. The trip included over 80 business, education, and government leaders from Montgomery County and the DC metropolitan area including Montgomery County Public Schools (MCPS) superintendent Joshua Starr, county council member Hans Riemer, and Michael Goldman of the Washington Metro Area Transit Authority (WMATA).

This marked the first trade trip to china in five years by the county Executive’s office – the last one was in 2008.

The purpose of this mission was to encourage Chinese investors to consider Montgomery County as an attractive location for their investments, open doors for MoCo businesses there, as well as establish a “Sister City” relationship with the city of Xi’an, said a press release put out by the Montgomery County Office of Public Information.

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ASTRAZENECA’S MEDIMMUNE PARTNERS WITH BRAZIL’S SCIENCE WITHOUT BORDERS PROGRAM

By News Archive

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MedImmune, the global biologics research and development arm of AstraZeneca, is pleased to announce its participation in the Brazilian government program, Science Without Borders.

Thirty Brazilian post-doctoral fellows will work at MedImmune’s three sites in Gaithersburg, Maryland, Mountain View, California and Cambridge, UK for a period of two years. The areas of research will include oncology, respiratory, inflammation and autoimmune diseases (RIA), cardiovascular and metabolic diseases (CVMD), infectious diseases, translational science, antibody discovery and protein engineering, and biopharmaceutical development.

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