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The Immunology Capital Next to the Nation’s Capital in Maryland

By News Archive

Notification Center

This is a complimentary webinar – the optional attendee list is $39. For registration questions, please email Elizabeth Baker at liz.baker@bisnow.com

What You’ll Learn: 

– Why immunology companies with groundbreaking vaccine, cell and gene therapy work are thriving in Montgomery County, MD, home to the National Institutes of Health, the FDA, and 38 federal labs  

-How the Montgomery County ecosystem supports companies fast tracking to develop and commercialize products 

– Where the region stands on a national and international scale as home to a vibrant, growing life sciences sector  

– Why top life science tenants are growing and moving to Montgomery County, MD and the DMV   

Image: https://www.bisnow.com

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453rd Edition, April 27, 2021

By BHI Weekly Newsletter Archives




BioHealth Innovation


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April 27, 2021












FOUNDING MEMBER OF



We’re Open for Business! A First Sneak Peek of JLABS @ Washington, DC – Blog Post | JLABS

Johnson & Johnson Innovation – JLABS @ Washington, DC: We did it! Persevering through a time of great challenge and change, today we’re happy to share that we’ve opened our doors in a thriving ecosystem, to entrepreneurs, early-stage companies and the life sciences community.

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OS Therapies Completes $6 Million Series A Funding Round

Led by Noble Capital Markets and Tichenor Ventures to Fund OST-HER2 PhIIb Trial and OST-TDC Preclinical Next Generation ADC

CAMBRIDGE, Md., April 20, 2021 /PRNewswire/ — OS Therapies, a clinical-stage biopharmaceutical company focused on discovering and developing innovative therapies to treat and cure Osteosarcoma (OS) and other deadly cancers in kids and adults including ovarian, esophageal, endometrial and lung cancers, today announced the closing of a $6 million Series A round of funding.

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NL Health~Holland | International opportunities for pharma business – TFHC (Bendis Speaking)

Did you take the step to go across the border with your organization? Or do you want to find out how you can reach international markets in the Life Sciences & Health sector? Let us tell you which support networks can help you and learn from best practices, tips & tricks.

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Creating Communities of Life Science Innovation in the US: History
of Critical Factors That Helped the
BioHealth Capital Region Emerge

Background: Advancements in biotechnology are recognized as one of the most important scientific achievements of the 20th Century. The emergence of biotechnology profoundly impacted the health of the world, and the economic vitality of regions where bio clusters and bioresearch parks grew. This article explores some of the historical and policy implications undergirding this development in the United States and the importance of alignment of life science research activity, public policies, and leadership to build place-based communities of biotechnology innovation.

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Qiagen Nabs CE Mark for High-Throughput SARS-CoV-2 Test Kit | Genomeweb

NEW YORK – Qiagen said on Tuesday that it has received a CE-IVD mark for its Artus SARS-CoV-2 Prep&Amp UM Kit for high-throughput PCR-based COVID-19 testing.

The kit is now commercially available in the EU and other markets accepting the CE-IVD mark, and Qiagen has submitted an Emergency Use Authorization application for the assay to the US Food and Drug Administration.

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FDA approves GSK’s endometrial cancer therapy – MarketWatch

U.S.-listed shares of GlaxoSmithKline GSK, 0.12% were down 1.4% in trading on Thursday after the Food and Drug Administration said it had granted accelerated approval to the company’s endometrial cancer treatment. The immunotherapy, which was called dostarlimab and is now named Jemperli, is approved to treat patients with severe forms of this kind of cancer who have a genetic feature known as dMMR.

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United Therapeutics submits new drug application to FDA to treat pulmonary arterial hypertension | WRAL TechWire

RESEARCH TRIANGLE PARK — United Therapeutics has applied for a priority review voucher and submitted a new drug application to the United States Food and Drug Administration, the company announced this week. The drug, Tyvaso DPI™, is a novel dry powder inhalation formulation of treprostinil, and, if approved, will be used to treat pulmonary arterial hypertension (PAH).

The company estimates there are about 30,000 treatable patients in the United States, according to a statement.

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Quantum Startup Foundry: Energizing innovative companies to bring quantum technologies to market.

The Quantum Startup Foundry (QSF) at the University of Maryland brings together the resources needed—physical and virtual—to support entrepreneurs and startups in accelerating quantum technologies’ time to market. QSF will bring entrepreneurs together with industry and government customers, investors, technical mentors, leading-edge research and IP, and quantum-specific infrastructure (equipment, tools, facilities). Located in the Washington, DC metro area, QSF offers the perfect landing and launch spot for quantum companies.

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UpSurge Baltimore aims to turn Baltimore into a top-tier tech city, with equity in mind – Baltimore Business Journal

UpSurge Baltimore will aim to bolster existing efforts to support and scale local startups, and also develop new strategies for attracting additional companies, talent and capital to the city.

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Addressing the needs of pediatric medicine with the Children’s Hospital Coalition powered by Phlow

RICHMOND, Va. — The pandemic has created an ongoing need for pediatric medicine and two organizations have partnered to tackle the issue. Founder of Phlow Corporation, Eric Edwards, M.D., PhD., and Kurt Newman M.D., President and CEO of the Children’s National Hospital share their insight as well as the mission and objective of the coalition. For more information, visit the website of the Children’s Hospital Coalition.

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Immunomic Therapeutics Announces License Agreement With Lineage Cell Therapeutics for Cancer Immunotherapy – Immunomic Therapeutics

ROCKVILLE, Md. & CARLSBAD, Calif.–(BUSINESS WIRE)– Immunomic Therapeutics, Inc., (“ITI”), a privately-held clinical stage biotechnology company pioneering the study of nucleic acid immunotherapy platforms, announced today a worldwide license and development collaboration agreement with Lineage Cell Therapeutics, Inc. (NYSE American and TASE: LCTX), a clinical-stage biotechnology company developing novel cell transplants for serious medical conditions. The collaboration will generate a novel product candidate derived from Lineage’s investigational allogeneic VAC cancer immunotherapy platform and targeting a proprietary Tumor Associated Antigen (TAA) construct provided by ITI, for the treatment of glioblastoma multiforme (GBM). Lineage and ITI will collaborate in the manufacturing and clinical development of a novel VAC product candidate. Following the full development and delivery of Current Good Manufacturing Practice (cGMP) VAC product material, ITI will assume full and independent clinical and commercial responsibility and further advancement of the program. Under the terms of the agreement, Lineage will be entitled to an upfront payment of $2 million paid in the first year and development and commercial milestones totaling $67 million across multiple indications. Lineage also will be eligible to receive royalties up to 10% on future product sales.

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Bethesda’s Gain Therapeutics Announces Multi-Target Drug Discovery Collaboration Agreement with Zentalis Pharmaceuticals · BioBuzz

BETHESDA, Md., April 20, 2021 (GLOBE NEWSWIRE) — Gain Therapeutics, Inc. (NASDAQ: GANX) (“Gain”) today announced a multi-target collaboration agreement with Zentalis Pharmaceuticals (NASDAQ: ZNTL) to discover new product candidates for the treatment of cancer. Gain will use its proprietary SEE-Tx computational platform technology to identify new sites on target proteins for potential use in oncology. SEE-Tx applies a proprietary computational algorithm and supercomputer processing to the published 3D structure of proteins to discover new binding sites with the ability to modulate protein function. The intended output is newly-discovered targets or target protein interactions that can then be drugged for therapeutic benefit to intervene on protein misfolding.

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TEDCO’s Seed Fund Invests $200K in Maryland Technology Startup, Completing $850K Investment Round | TEDCO

COLUMBIA, Md. (April 20, 2021)—TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Fund invested $200K in TargetDocs, a Maryland-based technology startup. TEDCO’s Seed investment is part of an $850K funding round, which includes University System of Maryland Momentum Fund (Momentum Fund), the Hustle Fund, New Age Capital, Debut Capital, Dingman Center Angels, and Gaingels.

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Events – Alliance of Merger & Acquisition Advisors

AM&AA brings back the world of middle-market mergers and acquisitions live and in-person this summer in Dallas, Texas!

Network with hundreds of decision-makers, including M&A advisors, capital providers, and investment bankers. Whether you’re on the buy or sell side, you won’t want to miss this must-attend industry event that will yield new deal connections and results.

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Connected DMV Welcomes Matt Erskine and Sarah Bauder to its Executive Team

April 23, 2021 (Washington, D.C.) – Connected DMV, a cross-sector regional non-profit committed to solving complex economic and social challenges in Greater Washington, today announced two new members to its executive team. Former Obama Administration Commerce Department official Matt Erskine has been named Chief Strategy Officer and former Bill & Melinda Gates Foundation officer Sarah Bauder has been named Vice President of Development and Workforce Initiatives. The organization also announced key milestones reached over the past year.

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Cellphire Therapeutics Names Michael Gaffney as Company’s New CEO

ROCKVILLE, Md., April 20, 2021 /PRNewswire/ — Cellphire Therapeutics, Inc., a biotechnology company developing next-generation platelet-based hemostatic therapeutics for application across multiple medical indications, announced today that Michael Gaffney has joined the company as Chief Executive Officer, effective immediately. Mr. Gaffney brings deep health sector insight, extensive operational experience, and proven strategy and capital markets expertise to Cellphire. He will also join the Company’s board.

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Johns Hopkins teams take top prizes at business analytics competition | Hub

For the second consecutive year, a team of Johns Hopkins students from the Carey Business School took top prize at the annual MIT Sloan Operations Simulation Competition, held April 17-19 in Cambridge, Massachusetts. A second Carey team captured third place.

The competition was the 16th of a global contest attracting participants from top business schools.

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Chinese diagnostics company expands business to Maryland amid pandemic | Maryland Business News

Amid the international effects of the COVID-19 pandemic, Maccura Biotechnology, headquartered in the city of Chengdu in China’s Sichuan Province, is still able to keep up with changing demands. The Maryland Department of Commerce first met with the well-established, global diagnostics company in 2018 with the help of the Maryland Center China.

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NexImmune Appoints Chad Rubin as Senior Vice President, Corporate Affairs Nasdaq:NEXI

GAITHERSBURG, Md., April 21, 2021 (GLOBE NEWSWIRE) — NexImmune, Inc. (Nasdaq: NEXI), a clinical-stage biotechnology company developing a novel approach to immunotherapy designed to orchestrate a targeted immune response by directing the function of antigen-specific T cells, today announced that Chad Rubin has been appointed to the newly created position of Senior Vice President, Corporate Affairs. Mr. Rubin will be responsible for all corporate communications, along with involvement in investor and capital markets activities. He joins NexImmune with more than 20 years of experience in investor relations, investment banking and capital markets within the biotechnology sector.

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JLABS companies aren’t slowing down

Each quarter we bring you an update from our Johnson & Johnson Innovation – JLABS Portfolio of companies across our 13 sites, from San Diego to Shanghai. Beyond news of our companies milestones, we also report on the diversity of our JLABS Portfolio leadership as we seek to reflect the patients we serve.Meanwhile, we look ahead this spring and beyond to the first companies moving into our JLABS @ Washington, DC site, built in collaboration with Children’s National Hospital and BARDA (Biomedical Advanced Research and Development Authority). You can always find our latest stats and companies via our JLABS Portfolio Navigator.

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Creating Your SBIR/STTR Cost Proposal | SBIR.gov

This half-day workshop, led by Jim Greenwood of Greenwood Consulting Group will cover one of the most important but least appreciated aspects of the SBIR/STTR programs, the cost proposal. There are many rules and regs hiding behind the cost proposal, and they will tend to bite you if you don’t get a handle on them. And if you don’t know how to set up your cost proposal, or don’t appropriately track expenses (especially labor) when you get the SBIR/STTR award, you will lose money. Come learn the terminology and concepts, and how to estimate your own indirect (aka overhead or F&A) rate and how to request and justify a profit/fee as part of the budget. Jim will meet with attendees for one-on-one sessions a week following this event and details on this consulting will be provided to workshop attendees.

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Federal Laboratory Consortium for Technology Transfer Archives · BioBuzz

The Montgomery County Economic Development Corporation (MCEDC) and the Federal Laboratory Consortium (FLC) have signed a Memorandum of Understanding (MOU) to formalize a strategic partnership to help build a stronger local relationship between federal labs and Montgomery County’s private sector, particularly small businesses.

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NewImage

Fighting Pandemic Fuels BioHealth Industry Growth in Montgomery County · BioBuzz

By News Archive

NewImage

Montgomery County, Maryland, was a leader in biotechnology before COVID-19 hit, ranking among the highest in the nation for the number of life sciences companies, and the pandemic has only fueled the industry’s growth.

That means more high-paying jobs and demand for research and laboratory-suitable real estate.

There are currently 650 companies operating in the bio-health area in Maryland, including biotechnology and medical device manufacturers. The majority are early-stage companies, but many are now transitioning to later-stage and product manufacturing. Some are well established.

Image: https://biobuzz.io

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Interview

Job Application for Managing Director, Baltimore at Techstars

By News Archive

Interview

Are you a servant leader of leaders? Can you “GiveFirst” with no expectation of anything in return? Do you believe that collaboration drives innovation? Do you believe that entrepreneurs can change the world? If so read on…

We are seeking a Managing Director (MD) who can  ake the helm and lead our Accelerator and investment strategy for Techstars in Baltimore, Maryland . Your focus is to invest in the best founders, companies and support them from ideation to exit. You will actively recruit, select, mentor and guide founders through challenges, critical decisions, strategy, tactics, securing investment, making hard decisions and celebrating their wins. You will be directly supported by a Program Manager (PM) who focuses on program operations and with you, executing the Techstars proven playbook and delivering the best possible experience for Founders.

 

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NewImage

Matan Kicks Off Next Phase of Progress Labs™ with 532,000 SF of Spec Biomanufacturing and Research Space in Montgomery County, MD

By News Archive

NewImage

Matan Companies announces today plans to transform its Milestone Business Park into a vibrant and collaborative life sciences destination known as Milestone Innovation Park. The key component of the evolution is the addition of 532,000 square feet of best-in-class biomanufacturing and life science research space in three, brand new facilities. This highly sought-after location sits along the I-270 Biotech Corridor with prominent visibility on I-270 at Father Hurley Boulevard in Germantown, MD., centrally located between NIH in Bethesda and Fort Detrick in Frederick. Just 20 miles northwest of Downtown Washington D.C., the site offers easy access to points north and south via I-270 and points east via the Intercounty Connector (ICC). Once complete Milestone Innovation Park will be one the largest, science-based destinations in the BioHealth region at over 1.2 million square feet.

 

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novavax logo

Novavax Vaccine Could Generate $33 Billion in Revenue through 2027, Analyst Says · BioBuzz

By News Archive

novavax logo

Novavax is aiming to seek Emergency Use Authorization for its COVID-19 vaccine NVX-CoV2373 later this spring. If the U.S. Food and Drug Administration gives it the green light, the Maryland-based company could see revenue of approximately $1.8 billion in sales by the end of the year.

Data and analytics company GlobalData pegged the potential revenue for Novavax based on a potential authorization from the U.S. Food and Drug Administration and other regulatory agencies across the globe. The revenue stream from the vaccine is expected to continue well past the close of business for 2021. GlobalData forecast Novavax’s vaccine will generate $33.3 billion from expected authorization this spring through 2027. A peak forecast of $7.2 billion is expected in 2027 alone, according to the report.

 

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Notification Center

U. Maryland commits $25 million to incubator for quantum startups

By News Archive

Notification Center

The University of Maryland will house an incubator for quantum computing startups, offering access to high-quality internet and connections with potential customers, the school announced last week.

The university will spend $25 million to create the Quantum Startup Foundry, according to a press release. The $25 million comes from state investment and from the university’s Discovery Fund. The program will include a physical space for the startups on the school’s College Park campus, including offices and labs.

 

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