Lupin said today it has acquired Symbiomix Therapeutics for $150 million cash, in a deal designed to expand the buyer’s branded women’s health specialty drug business.
In acquiring Symbiomix through its U.S. subsidiary, Lupin has exercised an option it retained earlier this year to buy the privately held developer of treatments for gynecologic infections.
For years, proponents of increased downtown development and innovation districts have spoken of the important interplay between universities, startups, and local jobs. Cities such as Pittsburgh, which has seen its stock rise as a center for technology and innovation, found that local universities such as Carnegie Mellon served as catalysts for commercial and creative growth.
Maryland companies raised $181.4 million from venture capitalists in the third quarter, a 435 percent increase from the year before.
There were 13 deals involving Maryland companies in the period, according to the PwC/CB Insights MoneyTree Report released Wednesday. That’s two more deals than in the third quarter last year and three fewer than in the second quarter.
Diabetics who have been pricking their fingers for years finally have another option. Freestyle Libre is a small patch that can be easily applied to the upper-arm. With a simple scan, the sensor can read your glucose levels, no needles or blood necessary.
Emergent BioSolutions Inc. EBS announced that it completed the acquisition of FDA-licensed smallpox vaccine’s business of Sanofi SNY – ACAM2000. The company paid an upfront payment of $97.5 million and $20 million in milestone payments. The deal also includes a potential milestone payment of up to $7.5 million, tied to the achievement of remaining regulatory
Emma started work as a massage therapist at NovaHealth TCM Clinic yesterday.
Emma – short for Expert Manipulative Massage Automation – is a robotic massager, developed by a team of researchers, engineers and programmers at AiTreat, a start-up incubated by Nanyang Technological University (NTU). It is particularly good for neck and knee massages.
Academic research is often full of ideas that can form the foundation of startups.
So institutions like the University of Maryland, Baltimore and Johns Hopkins are putting considerable effort to help launch young companies that license that research in a way that can bring acclaim and dollars. But just about everyone still thinks we need more CEOs and scientists working together.
The Northern Virginia health giant’s new partnership will give consumers a glimpse into their DNA.
Global demand for fish is growing quickly, but many species are already severely overfished, leaving scientists and industry experts searching for ways to more safely and efficiently farm fish. In response, two UMBC research teams are developing revolutionary innovations for off-shore fish farming, to help mitigate the risks of disease and escapes in captive fish populations. Both recently received extremely competitive awards from the U.S. Department of Agriculture (USDA) to pursue their work further.
The Maryland Stem Cell Research Commission (Commission) approved funding for four awards totaling $1,060,000. With the robust activity in stem cell research in Maryland, the Commission approved the first of two rounds of applications this year for the Validation and Commercialization Programs to accelerate getting solutions to patients.
