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In a recent article in Slate magazine’s Future Tense project,  Pascal Zachary made a key observation about the strange estrangement of science from technology in U.S. policy when he wrote:

"Neither candidate will ask, for instance, why taxpayers spend some $30 billion annually to try to understand the basic causes of diseases but virtually nothing on delivering effective new medical therapies to the ill."

Indeed, over the past 10 years, $340 billion in federal funds have been allocated for basic medical research to improve and lengthen the lives of Americans. But how much money does the government spend actually translating medical science discoveries into workable therapies? Surprisingly little.

maryland-biotechnology-center

Deadline to Apply: October 17, 2012 at 5:00 p.m.

The Maryland Biotechnology Center’s (MBC) Biotechnology Development Awards provide funding to advance biotechnology research and development in Maryland along the path to commercialization.   

Applications for the Maryland Biotechnology Center’s FY2013 Biotechnology Development Awards for Biotechnology Commercialization or Translational Research now are available in the column to the left.

rxante-logo

McLean-based RxAnte, developing technologies that help make sure people take their prescription drugs, has received a $4.6 million investment from Aberdare Ventures and West Health Investment.

The company will use the financing to continue development of its technologies and take them to market.

mapping-health-tech

When science fiction films depict the future, the best writers and directors are often less concerned with accurately predicting how specific technologies might reshape the world than they are with confronting the moral or philosophical quandaries of present day. It’s what makes those stories compelling--and relatable. When futurists attempt to tell us how (and when) technology leaps will occur, they’re not only speculating about what we’re capable of achieving in the coming decades but also imploring us to prepare--scientifically and psychologically--for those events.

Envisioning Technology, the firm behind the massive infographic explorations of the future of emerging technology and the future of education technology, is, as you might guess, run by a futurist: Michell Zappa. His most recent visualization maps the next three decades of health technology, charting how regeneration, augmentation, diagnostics, treatments, biogerontology, and telemedicine will change over time. According to ET, the stuff of science fiction--from cryogenics to all-out life extension, from robot health care to 3-D-printed synthetic organs--will be very real before too long.

Law firm Fenwick & West, which handles legal issues for a variety of technology companies, has examined 186 venture fundings of U.S.-based companies in the life-sciences sector over the first half of 2012, and found that valuations have ticked upward.

Matt Rossiter, a partner at the firm and co-author of a recent survey on life-sciences deals, said he has also noticed increased involvement in deals by public medical-technology companies, who often turn to start-ups for new innovations.

medimmune-campus

Representatives for Gaithersburg biotech company MedImmune hinted at an expansion of their campus at a mayor and council work session Monday evening.

Medimmune Executive Vice President of Operations Andy Skibo mentioned a “need to reassess how space is divided” on MedImmune’s Gaithersburg campus. “There are no specific construction plans at this time,” he said, though the company is working on a master plan with the city.

floreen-nancy

Montgomery County Council member Nancy Floreen has been invited by the White House to attend a special forum on economic development, the county announced Tuesday.

The conference, which will take place next Wednesday at the Eisenhower Executive Office Building, will bring together U.S. Transportation Secretary Ray LaHood, senior White House officials, business leaders and municipal government officials to discuss effective economic development strategies.

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Peter Greenleaf, president of MedImmune, the Gaithersburg, Maryland-based global biologics arm of AstraZeneca, addressed many of the challenges and growth opportunities for Maryland biotech companies at today's MdBio Leadership Series breakfast, hosted by the Tech Council of Maryland (TCM).

"Maryland is a hotbed of activity in the biotech sector, so changes taking place in the industry -- related to competitive threats and growth opportunities -- will no doubt have a big impact on businesses based in our state," said Art Jacoby, TCM's CEO. "Peter's remarks this morning provided valuable insight -- from not only his role as president of MedImmune, but from the perspective as chairman of the Maryland Venture Fund Authority -- into the changes taking place in the biotech market and how companies at all stages can position themselves for success."

Medimmune logo

AstraZeneca biologics arm MedImmune and WuXi AppTec have formed a joint venture (JV) to develop and commercialize MEDI5117, a new biologic for autoimmune and inflammatory diseases for China.

As part of the JV, MedImmune will provide technical and development support while WuXi AppTec will provide local regulatory, manufacturing, pre-clinical and clinical trial support.

TEDCO

The Maryland Technology Development Corp. awarded almost $1.2 million to 16 Maryland startups in its latest round of funding.

The funding, through TEDCO’s Maryland Technology Transfer and Commercialization Fund, is aimed at helping early-stage companies commercialize products they have developed working with universities and federal laboratories in Maryland.

vaxin-inc-lab

Vaxin Inc., a promising biotech company spun from research at the University of Alabama at Birmingham, quietly moved from Innovation Depot to a new home in Maryland as it continues development of vaccines for the flu and anthrax.

The company, founded in 1997, has consolidated its staff and lab space on the East Coast in order to be closer to funding and a number of other vaccine development companies, Chief Executive Bill Enright said Thursday. He said other reasons for the move were to consolidate costs and get closer to the company's primary source of funding, the U.S. Department of Health and Human Services' Biomedical Advanced Research and Developm

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The FDA, for most of the past 10 years, was the regulatory agency that many people in biotech and pharma loved to hate. Critics have long complained about bureaucratic foot-dragging, byzantine organization, poor communication, excessive aversion to risk, and arbitrary decisions around whether to approve new drugs for sale in the U.S.

But FDA bashers, at least in the pharmaceutical world, haven’t had much to complain about in 2012. Suddenly the FDA and the pharma industry it regulates look like best pals. The FDA, under commissioner Margaret Hamburg, has been making noise for some time about its desire to not just ensure the safety and effectiveness of the U.S. drug supply, but to also help promote the development of innovative new medicines. This year, the agency has absolutely done everything it can to back up its rhetoric with actions that prove it isn’t an adversary but more of a partner in the development of new medicines.

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A trio of social entrepreneurs with industry success in technology, law and fashion are appointees to the inaugural Social-Entrepreneur-In-Residence team at the Robert H. Smith School of Business Center for Social Value Creation at the University of Maryland.

The appointees are Kim Persons, a partner with the KAP Group and founding president (1999-2010) of Gecko Traders Inc., a manufacturer and global distributor of handbags and women’s fashion accessories; Drew Bewick, managing director of Tree House Ventures, LLC, a technology and innovation consulting firm serving multiple companies and non-profit organizations; and Darius Graham, co-founder of the DC Social Innovation Project – a non-profit providing seed funding and pro bono services to spur creative, new projects tackling pressing social issues in Washington, D.C.

becton-dickinson-bc

Apparently, there’s lots of innovation going on up at BD Diagnostic Systems in Sparks.

Forbes listed its New Jersey parent company, Becton, Dickinson & Co., to its list of “World’s Most Innovative Companies” in its latest issue. The medical device company employs 29,000 people total — including 1,600 in Baltimore County. It makes diagnostic equipment for the microbiology and molecular biology industries.

Maryland

They call themselves “shadows” — young Maryland residents brought to this country as children by their parents.

They worked hard. They excelled in our public schools. They want to go to college so they can be more productive members of our workforce. They do not ask for a free ride. Yet they remain shadows because their parents came without immigration papers. The Maryland Dream Act would bring these young people into daylight.

Startup maryland

Startup Maryland Teams with Regional Innovation Stakeholder to Co-Host Tour Stops Across the State of Maryland

Startup Maryland is launching Pitch Across Maryland, a state-wide startup tour and business pitch competition. Taking place September 11 – 28, this two and a half week tour across the state will travel from the Eastern Shore to Western Maryland; from Cecil County to St. Mary’s County; from the Baltimore Beltway and the DC Beltway — and everywhere in between.

The bus will travel the state to visit incubators, economic development agencies and universities—all in the name of celebrating entrepreneurship.  At each stop, Startup Maryland will hold rallies sharing information about the incredible entrepreneurial resources across the state and within their region. Additionally, entrepreneurs will get coaching and support from business mentors and other leaders of Maryland’s innovation economy.

health records

Arlington-based Surescripts will partner with health record-keeping giant Epic Systems Corp. to allow doctors to transfer records between the two patient data networks, the company said Thursday.

Surescripts, which specializes in transmitting prescription data, launched a network for doctors to share all clinical data in 2010. Under the deal announced Thursday, doctors using that network will be able to connect to physicians using Epic's own network, known as the Care Everywhere interoperability platform.

aeras

Aeras and the Infectious Disease Research Institute (IDRI) announce today the start of the first clinical trial of IDRI’s novel tuberculosis vaccine candidate, ID93 + GLA-SE. The Phase I clinical trial will assess the safety, tolerability and immunogenicity of the vaccine candidate in 60 healthy adult volunteers. The study will be conducted by Johnson County Clin-Trials in Lenexa, Kansas, in close collaboration with Aeras and IDRI.  

Tuberculosis (TB), which kills more people than any other infectious disease except HIV, has orphaned 10 million children, and costs the global economy an estimated $1 billion every day. An increasing number of diagnosed multidrug-resistant TB cases are making the disease more difficult to control and multiplying the cost and time it takes to treat patients, which can take two years or longer for multidrug-resistant TB.

fyodor-logo

Fyodor Biotechnologies, a Baltimore-based diagnostic and biopharmaceutical company, announced today that the National Science Foundation has awarded the company a Small Business Innovation Research (SBIR) Phase I grant. With the $150,000 funding, Fyodor plans to develop a novel recombinant antibody to be used in a urine-based test for the point-of-need detection of Leptospirosis.

Leptospirosis is a worldwide, potentially serious but treatable bacterial disease that occurs in humans and domestic animals, including pets. The causative bacteria are spread through the urine of infected animals, which can get into water (including swimming pools) or soil, and can survive there for weeks to months. Clinical signs of leptospirosis are nonspecific, and current diagnostic tools rely on complicated testing methods that are unsuitable for use in many point- of-need settings. Therefore, a simple one-step test is urgently needed for rapid diagnosis.

The deadline for contract proposal submissions is Tuesday, November 13th, 2012

Details and solicitation materials are available at the NIH SBIR Website in the Funding Opportunity Table: http://sbir.nih.gov/.

Applications must respond to a topic in the solicitation. All submissions must be on paper. Contract proposal forms are available electronically at PHS 2013-1 PDF [http://grants.nih.gov/grants/funding/SBIRContract/PHS2013-1.pdf] or MS Word [http://grants.nih.gov/grants/funding/SBIRContract/PHS2013-1.doc]. Please follow the direc­tions in the solicitation very carefully.

united-therapeutics-hq

Just look at The Crescent condominium on Wayne Avenue, which has seen a rotating cast of retail tenants since it opened in 2006. Or the newly-completed United Therapeutics headquarters, which has several empty retail spaces at the intersection of Cameron and Spring Streets.

Around the corner, developers of an apartment building called The Cameron placed tables and chairs in front of their ground-floor retail space in anticipation of a restaurant, but they got an outpatient surgery center instead.

oklahoma-university

In this weekend edition of the 2013 Unigo College Rankings we're showcasing the colleges across the country that, according to students, have built exemplary entrepreneurship programs and made resources for aspiring founders readily available.

cit-gap-funds

Angel investing stands to benefit from economies of scale. Solo startup investing isn’t quite as terrifying a process as solo entrepreneurship, but it still involves the same sort of iron guts and optimism in the face of probable failure. It's your cash on the line, after all. Finding good deals, performing due diligence, haggling with founders over valuation — all can be daunting jobs for a single angel. Getting it wrong means lot of grief and an eventual tax write off.

The wisdom of crowds, especially seasoned, sophisticated crowds, has much to offer in this regard. And that is the basic idea behind angel networks, which boost not only the amount of capital available to an entrepreneur, but also – if done correctly — the intelligence on the other side of the table.

umd-shady-grove

The Universities at Shady Grove in Rockville is bringing in a program this fall that leaders say will help educate the county work force to match the opportunities available.

After watching the growth of the health care industry, and talking with students and local businesses, the campus will offer the University of Baltimore’s Master of Science in health systems management program, said John Callahan, program director for the University of Baltimore’s health systems management program.

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McLean-based Science Applications International Corporation says it will split into two separate, publicly traded companies.

The newly formed spin-off company would focus on government technical services and enterprise information technology, it says.

SAIC expects the spin off to take place in the latter half of its next fiscal year. It will not require a shareholder vote, though the board, which has authorized management to pursue the plan, will have final approval.

jeff-foxworthy

These days, everyone thinks he’s a mentor.

With accelerators, incubators and innovation events sprouting everywhere, there’s plenty of opportunity for seasoned entrepreneurs to pass on their knowledge to a new generation of startups. But according to the people who work with them, not every good entrepreneur makes a good mentor.

I (informally) polled leaders at a couple Boston incubators, as well as some of the entrepreneurs they work with, to see which qualities are valued most in a mentor. What they told me is that you might be a good startup mentor if you have these five qualities:

Pascal-Soriot

Five years ago this summer, AstraZeneca ($AZN) decided to pony up to purchase Maryland-based MedImmune for a cool $15.6 billion, a deal that left many wondering whether the bills matched the product. Now, incoming CEO Pascal Soriot has his work cut out for him.

Come October, the French-native will jump over from Roche ($RHHBY), where he served as chief operating officer since 2010. He's inheriting a vaccines and biotech drugs division with 2,600 Maryland employees and 4,000 globally, The Washington Post reports. The company will also shutter two California offices, leading to a loss of 200 jobs and a shift of 100 more to other sites.

baltimore-innovation-week

Baltimore Innovation Week is a week-long celebration of technology and innovation in Baltimore. The annual week of events is intended to grow the impact of this innovative region through programming focused on technology, collaboration and improving Baltimore.

Baltimore Innovation Week 2012 takes place September 20 to September 29.

john-hopkins-hospital-photo

Johns Hopkins Medicine received an $8.9 million grant Tuesday to put toward patient safety research.

The Armstrong Institute for Patient Safety and Quality, based at Johns Hopkins Hospital in Baltimore, was awarded the grant from the Gordon and Betty Moore Foundation. The foundation plans to award $500 million over the next 10 years for research on eliminating preventable harm in hospitals.

Johns Hopkins University

In a study to decipher clues about how prostate cancer cells grow and become more aggressive, Johns Hopkins urologists have found that reduction of a specific protein is correlated with the aggressiveness of prostate cancer, acting as a red flag to indicate an increased risk of cancer recurrence.

Their findings are reported online in the Proceedings of the National Academy of Sciences on Aug. 27, 2012.

The team focused on a gene called SPARCL1, which appears to be critically important for cell migration during prostate development in the embryo and apparently becomes active again during cancer progression.  Normally, both benign and malignant prostate cancer cells express high levels of SPARCL1, and reduce these levels when they want to migrate. The team correlated this reduction or “down regulation” of SPARCL1 with aggressiveness of prostate cancer.

university-income-table

Universities and their inventors earned more than $1.4-billion from commercializing their academic research in the 2011 fiscal year, collecting royalties from new breeds of wheat, from a new drug for the treatment of HIV, and from longstanding arrangements over enduring products like Gatorade.

Northwestern University earned the most of any institution reporting, with more than $191-million in licensing income.

fluxome-logo

The University of Maryland BioPark announced today that Fluxome Inc., a nutraceutical ingredient company using novel metabolic engineering and fermentation methods, is the newest company to join the growing community of commercial tenants at the BioPark. According to Fluxome’s lease with building owner Wexford Science & Technology, LLC, Fluxome has based its U.S. headquarters and commercial operations in the BioPark building at 801 West Baltimore Street in Baltimore.

Said Jane Shaab, University of Maryland Research Park Corporation Senior Vice President, “It’s exciting to have another international tenant join us and it is especially rewarding to welcome Fluxome’s President and CEO Angela Tsetsis, who was previously on the management team at Columbia-based Martek (now Royal DSM N.V.), back to Maryland’s business community. Under Angela’s leadership, Fluxome is an example of a next-generation Maryland life sciences company.”

rockville-ed

Rockville Economic Development Inc. has chosen the winners of its annual Start­Right business plan competition, awarding the top prizes to entrepreneurs who created a social networking Web site and a device for people with sensory processing issues.

The competition, now in its ninth year, aims to foster women in business by inviting female entrepreneurs to pitch a detailed business plan and doling out roughly $20,000 in prize money.

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As a special offering presented during the upcoming annual Mid-Atlantic Bio conference, co-hosts announced a comprehensive line-up of programming focused on the Small Business Innovation Research (SBIR) program to help interested companies learn more about specific opportunities at the National Institutes of Health (NIH). Sessions will include an update on the recent rule changes and new requirements, advice on how to apply for the competitive program and the opportunity for individual meetings with program managers from a variety of Institutes of the NIH.

"The SBIR program continues to be an important source of funding and support for emerging companies seeking to commercialize innovative research and develop market applications," Jeffrey M. Gallagher, Virginia Bio Interim Executive Director and co-host of Mid-Atlantic Bio said. "We are particularly grateful that our geographical proximity to NIH's world class program managers allows us to provide conference attendees individual interactions and one-on-one meetings during our upcoming event."