News Archive

MedImmune, the global biologics research and development arm of AstraZeneca, and the University System of Maryland announced today that the initial research collaboration between MedImmune and the University of Maryland, Baltimore (UMB) has been expanded to include the University of Maryland, College Park and the University of Maryland, Baltimore County. The collaborators have also announced that they have identified the first five research projects to be undertaken under the expanded agreement. This follows the September 2013 announcement in which MedImmune and UMB announced a five-year, $6 million collaboration to drive novel bioscience research in the state of Maryland

Poke around and you will find plenty of scary statistics about new businesses—so many that starting a company at all can seem like sheer lunacy.

While research varies widely, we’ve seen reports that as many as 90 percent of tech startups “fail,” and that anywhere from 25 to 75 percent of venture-backed firms do not return capital to their investors. Just last week, Fab.com chief executive officer Jason Goldberg wrote a blog post about the difficulties of turning around his once fast-growing e-commerce startup, which had to cut half its staff as it pivoted away from flash sales toward a broader e-commerce approach.

University of Maryland, Baltimore County is moving forward with a new $123 million science building.

UMBC will begin designing the Interdisciplinary Life Sciences Building with $4.1 million from Maryland’s fiscal 2015 budget. The entire construction project is estimated at $123 million, which the state is expected to pay. Construction of the 123,000-square-foot building is scheduled to begin in March 2017 and the project should be completed by March 2019.

Pfizer, the maker of best-selling drugs like Lipitor and Viagra and a symbol of business prowess in the United States for more than a century, no longer wants to be an American company.

On Monday, Pfizer proposed a $99 billion acquisition of its British rival AstraZeneca that would allow it to reincorporate in Britain. Doing so would allow Pfizer to escape the United States corporate tax rate and tap into a mountain of cash trapped overseas, saving it billions of dollars each year and making the company more competitive with other global drug makers.

Wednesday, May 14th, 2014 – 6:00 to 8:30 PM

Smartphones and tablet computers are a new way to deliver diabetes therapy. The Food and Drug Administration (FDA) calls this new type of therapy MPT: “mobile prescription therapy.” MPT products tell you what to do to take care of your disease. The advice shows up on your smartphone or other device.  

You need a prescription for MPT products, which are regulated by the FDA. MPT products must show in clinical trials that they are safe and help people improve their health. MPT products must keep your health information private. These products are not like the simple health apps you can get for your phone or tablet. They can provide medical advice that regular apps aren’t allowed to provide.

Mene Pangalos is the man tasked with nothing less than firing up the discovery engine of Britain’s second-biggest drug maker after its catastrophic fall off the “patent cliff”.

He joined AstraZeneca as head of innovative medicines in 2010, as the company was bracing for patents to expire on a string of its best-selling drugs.

A new $1.7 million lab at the University of Maryland, Baltimore County is designed to teach students about science through experience.

The 3,000-square-foot Science Learning Collaboratory in UMBC’s Meyerhoff Chemistry Building, is a partnership with the Howard Hughes Medical Institute, which paid for the project. UMBC students will take classes in the new lab during the school year and Howard Hughes will use the space during the summer. The university unveiled the new space Monday.

Adventist HealthCare on Monday named Terry Forde its new president and CEO.

The Gaithersburg-based hospital system had already tapped Forde its interim leader following last month’s announcement of CEO Bill Robertson’s planned departure. In February, Robertson said he would leave for a new position with MultiCare Health in Tacoma, Wash. Robertson, 54, had been Adventist’s CEO since April 2000.

FRIDAY, JUNE 13, 2014 8:30 am, Rockville, Maryland 

The biomanufacturing industry faces an unprecedented challenge with the emergence of biosimilars.  The pathway to approval for biosimilars is a fluid process and several key aspects are still not determined.  The University of Maryland and the National Institute of Standards and Technology (NIST) will deliver a one-day symposium on the current trends of characterization and production of biosimilars.  On Friday, June 13, 2014 at 8:30 am join the thought-leaders, policy-makers, and creators of biosimilars as we present current trends, ideas, and predictions.

For decades, large companies have gone shopping in Silicon Valley for startups. Lately, the pressure of continuous disruption has forced them to step up the pace.

More often than not, the results of these acquisitions are disappointing.

What can companies learn from others’ failed efforts to integrate startups into large companies? The answer: There are two types of integration strategies, and they depend on where the startup is in its lifecycle.