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Maryland Biotechnology Investment Incentive Tax Credit (BIITC) Program Still on but Delayed until mid-August

By News Archive

footerlogo 250x200As a result of the ongoing COVID-19 pandemic and the impact on both government and business operations, under the authority of executive order, the Maryland Department of Commerce (Commerce) has delayed the application process for the FY21 BIITC until mid-August 2020. BIITC provides an income tax credit equal to 50% (more in certain locations) of an eligible investment in a QMBC up to $250,000 for each QMBC per fiscal year. Total credits issued during the fiscal year cannot exceed the budget amount and are, therefore, issued on a first come basis. The credit is refundable if the investor has no Maryland income tax liability. Please stay tuned to the Commerce website for updates regarding the new application system and dates. 

 
Fina Bio Andrew Lees

Fina Biosolutions Awarded $289,000 from NIAID to Develop Carrier Protein for Conjugate Vaccines

By Uncategorized

Fina Bio Andrew LeesRockville, Maryland’s Fina Biosolutions recently was awarded an SBIR grant to develop a genetically detoxified tetanus toxin as a carrier protein for conjugate vaccines.  The NIAID funded grant is for $289,000 and will use a mutant toxin engineered by Dr. Joseph Barbieri of the Medical College of Wisconsin.  FinaBio’s Scientific Director, Andrew Lees, noted “We are very appreciative of the help from BHI in securing this grant which will help us to commercialize a new genetically detoxified vaccine carrier protein that complements our existing conjugate vaccine portfolio.” FinaBio has created an E. coli strain with an oxidative intracellular environment that grows to very high densities and can express soluble disulfide bonded proteins. The mutant tetanus toxin will be produced in this E. coli strain and compared as vaccine carrier protein with the chemically detoxified protein.  Fina Bio received assistance from Biohealth Innovation (BHI) in preparing the SBIR grant application through its Federal Funding Assistance program.

 
Fina Bio Andrew Lees

Fina Biosolutions Awarded $289,000 from NIAID to Develop Carrier Protein for Conjugate Vaccines

By News Archive

Fina Bio Andrew LeesRockville, Maryland’s Fina Biosolutions recently was awarded an SBIR grant to develop a genetically detoxified tetanus toxin as a carrier protein for conjugate vaccines.  The NIAID funded grant is for $289,000 and will use a mutant toxin engineered by Dr. Joseph Barbieri of the Medical College of Wisconsin.  FinaBio’s Scientific Director, Andrew Lees, noted “We are very appreciative of the help from BHI in securing this grant which will help us to commercialize a new genetically detoxified vaccine carrier protein that complements our existing conjugate vaccine portfolio.” FinaBio has created an E. coli strain with an oxidative intracellular environment that grows to very high densities and can express soluble disulfide bonded proteins. The mutant tetanus toxin will be produced in this E. coli strain and compared as vaccine carrier protein with the chemically detoxified protein.  Fina Bio received assistance from Biohealth Innovation (BHI) in preparing the SBIR grant application through its Federal Funding Assistance program.

 
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The importance of children’s hospitals during the COVID-19 pandemic | TheHill

By News Archive

Echildrenarly reports of the COVID-19 pandemic, created an initial widespread impression that children were not severely affected by the virus. This understanding was framed by data from China which showed that less than 1 percent of cases occurred in children younger than 10. However, this consensus is now being challenged by new reports, including one in the New England Journal of Medicine from Wuhan Children’s Hospital, which found a pediatric infection rate of more than 12 percent.

 

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Race for a Coronavirus Vaccine

By News Archive

Person Holding Syringe Free Stock Photo

About 48 hours after a Seattle woman received the first dose of an experimental vaccine against SARS-CoV-2, scientists in China—not to be outdone—announced that they had regulatory approval to launch an ambitious vaccine trial as well. The Seattle volunteer received a messenger RNA vaccine that Moderna Therapeutics developed to prevent infection with the pandemic virus. The Chinese scientists, representing CanSino Biologics, described their plans to evaluate a recombinant vaccine.

 

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UM Ventures Backed Startup Breethe Acquired by Abiomed to Bring Better Solutions to Patients Suffering from Lung Failure UM Ventures

UMB Grants Pumas-AI Exclusive License for Lyv, a Cutting-Edge Clinical Decision Support System | UM Ventures

By News Archive

UM Ventures Backed Startup Breethe Acquired by Abiomed to Bring Better Solutions to Patients Suffering from Lung Failure UM Ventures

BALTIMORE, May 7, 2020 /PRNewswire/ — Pumas-AI, a University of Maryland, Baltimore (UMB) startup company, has been granted worldwide, exclusive rights to Lyv, a cutting-edge clinical decision support system designed to help health care professionals personalize treatment trajectories for patients in real-time.

The Lyv platform leverages clinical research and Electronic Health Record (EHR) data from millions of patients to derive algorithms that can personalize health care delivery. Lyv will have modules for anti-infectives, anti-epileptics, anti-coagulants, and anti-cancer that can be used in a hospital setting, and can also incorporate algorithms during new drug development. By personalizing treatment, Lyv can help improve therapeutic success rates and minimize dosing errors.

 

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Breethe

UM Ventures-Backed Breethe Acquired by Abiomed – University of Maryland, Baltimore

By News Archive

BreetheLast week, Abiomed acquired Baltimore-based startup Breethe for its innovative respiratory device. Breethe is a startup out of the University of Maryland, Baltimore (UMB) that was founded by Bartley P. Griffith, MD, the Thomas E. and Alice Marie Hales Distinguished Professor in Transplant Surgery and director of the cardiac and lung transplant programs at the University of Maryland School of Medicine (UMSOM).

Image: https://www.umaryland.edu

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Biobuzz Directory – Intralytix Receives Multimillion-Dollar Clinical Trial Award From NIAID to Manage

By News Archive

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Intralytix Receives Multimillion-Dollar Clinical Trial Award From NIAID to Manage Shigella Infections in Humans

COLUMBIA, Md., May 4, 2020 Intralytix, Inc. announced today that it has received a multimillion-dollar grant (AI 148054) from the National Institute of Allergy and Infectious Diseases (NIAID), National Institutes of Health (NIH), for the clinical development of its bacteriophage therapy preparation for managing infections caused by the bacterial pathogen Shigella. Dr. Alexander Sulakvelidze, Executive Vice President of Intralytix and the Program Director of the multi-PI grant, commented, “We are very pleased to have this collaborative opportunity with NIAID.

Image: https://biobuzz.inloop.com

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Start-up hits $1 billion virtually as virus shifts Silicon Valley riches

By News Archive

NewImage

When VAST Data hit the hallmark of this era’s Silicon Valley start-up boom last month, a $1 billion so-called unicorn valuation, it didn’t come through a perfect pitch delivered in a venture capital firm’s conference room. Face-to-face interactions typically considered crucial to VC transactions have moved online as Covid-19 spreads, but for VAST the virtual meetings weren’t deal breakers.

Image: A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters

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