News Archive

ROCKVILLE, Md.–(BUSINESS WIRE)–The Universities at Shady Grove (USG) – a regional campus of the University System of Maryland that offers degree programs from nine different Maryland public universities – celebrated today the opening of its fourth academic building, a $175 million, state-of-the-art Biomedical Sciences and Engineering (BSE) education facility.

Maryland Governor Larry Hogan, USM Board of Regents Chair Linda Gooden, University System of Maryland Chancellor Robert Caret, university presidents from around the state, USG Executive Director Stewart Edelstein, and the USG Board of Advisors were joined by an array of elected officials, business and community leaders, faculty, staff and students for the grand opening celebration and ribbon-cutting. Hundreds attended the grand opening event, which was followed by tours of the BSE and a STEMM (science, technology, engineering, mathematics, medical studies) Showcase to highlight programs that partner universities will be bringing to the new facility, as well as area science and technology businesses that are partnering with USG.

Sonavi Labs, the Pigtown-based company that’s bringing to market digital stethoscope technology combining noise cancellation and AI that was initially developed by Johns Hopkins scientists, has raised $1 million in seed funding.

It’s the first official fundraising round for a company that’s been bootstrapped over its first two years, and Sonavi Labs reached the seven-figure milestone without raising from institutional venture capital firms. Instead, the investors, whose names are not being disclosed by the company, come from the healthcare and scientific community, as well as friends and family, said CEO Ellington West.

Image: Sonavi Labs CEO Ellington West at the Startup World Cup 2019 finale in San Francisco. (Courtesy photo)

Danaher has agreed to sell three of its life sciences tools businesses to Sartorius Stedim Biotech for approximately $750 million cash, the companies said today—a deal that according to Danaher was prompted by its planned $21.4 billion acquisition of GE Life Sciences’ Biopharma business.

Sartorius has agreed to acquire Danaher’s label-free biomolecular characterization, chromatography hardware and resins, and microcarriers and particle validation standards businesses. Sartorius said the three Danaher businesses employ around 300 people worldwide combined, and enjoyed a “strong” growth profile and double-digit profit margins.

The gleaming biomedical sciences and engineering building that just opened in a technology corridor of suburban Maryland testifies to the power of a novel idea: Offer degrees from several public universities through one commuter-friendly campus, and the students will come.

The Universities at Shady Grove, near Interstate 270 in Montgomery County, has enabled thousands of transfer students to earn bachelor’s and master’s degrees in the past two decades from an array of schools in the University System of Maryland.

Some of the most common services sought after by early stage healthcare and life science companies are the following:

1. CMC Regulatory Consultants  2. Accounting Services including Tax prep and tax credits 3. Reimbursement Consultants for your Product How should you go about choosing these providers? What is the best way to vet their qualifications and reputation? What are the most common mistakes made in choosing these vendors? How can startups protect themselves from partners who are not performing up to “best practices” standards? Are their tax incentives that you might be missing? 

Come to the November 21st meeting of the National Capital Chapter of the Society of Physician Entrepreneurs and learn from our panel of experts!

Johns Hopkins is getting involved with the vast and swiftly growing field of psychedelic research.

The prestigious university is throwing down $17 million from a group of private donors on its Center for Psychedelic and Consciousness Research. It’s the first of its kind the United States and the largest in the world — intended to expand our knowledge and our minds through psychedelic research.

Hopkins Medicine will explore use of psilocybin to treat diseases such as opioid addiction, Alzheimer’s disease, eating disorders, depression and chronic Lyme disease.

CEO Pascal Soriot knows what’s at stake for AstraZeneca’s business. It is whether China, now the British drugmaker’s second-largest market, can sustain double-digit growth—and some investments that support the Chinese government’s goals are necessary.

In a slew of news coming out of Shanghai on Wednesday, AstraZeneca is teaming up with investment shop China International Capital Corporation to launch a $1 billion fund focused on healthcare, upgrading its Shanghai R&D operations to a global center, establishing a new artificial intelligence innovation center, and partnering up with Sun Pharma to market some oncology drugs in China.

Just a year after I arrived at UMBC as a young vice provost in 1987, what we now know today as the University System of Maryland (USM) was formed through the merger of the five University of Maryland campuses and the six campuses in the State University and College System. The late John S. Toll, a renowned physicist who devoted the prime of his career to public higher education, served as the first Chancellor and quickly established a system that optimized the varied strengths of eleven institutions to give families and employers throughout the state access to outstanding academic programs and research discoveries, and talent.

Image: Baltimore Sun photo by Barbara Haddock Taylor

A pediatric gastroenterologist who is the veteran president of the University of Maryland at Baltimore was named Thursday to become the chancellor of the state’s public university system.

Jay A. Perman will be the fifth chancellor of the University System of Maryland, which encompasses the state flagship campus in College Park and 11 other public institutions serving 176,000 students. Perman will succeed Chancellor Robert L. Caret when the incumbent steps down in coming months. Perman’s start date has not been determined, a system spokesman said.

Image: Scene from the campus of the University of Maryland at College Park. (MARVIN JOSEPH/Washington Post)

Keynote: Rebecca Canino of Johns Hopkins Office of Telemedicine

Digital Health inventors and innovators are invited to discover novel technologies with the potential to transform medicine. Digital Health Day centers around a healthcare technology expo featuring inspiring technologies offered by regional start-ups, industry, and Johns Hopkins innovators.

Image: https://www.eventbrite.com